Postal Life Insurance - Suvidha (CWLA)
Minimum Age at entry is 19 years
Maximum Age at entry is 50 years
Insurance cover starts from the date of acceptance
Suvidha can be converted into Santosh after five years
Maximum sum assured is Rs. 10 lac
Maturity at the age of 50, 55 or 58 years after conversion.
On conversion, premia & terms will be revised accordingly
Bonus due on the Policy will also change as applicable to Santosh Policy on conversion
Loan facility after 4 years
Surrender Value payable after 4 years
Assignment facility available
Nomination facility available
Maximum Age at entry is 50 years
Insurance cover starts from the date of acceptance
Suvidha can be converted into Santosh after five years
Maximum sum assured is Rs. 10 lac
Maturity at the age of 50, 55 or 58 years after conversion.
On conversion, premia & terms will be revised accordingly
Bonus due on the Policy will also change as applicable to Santosh Policy on conversion
Loan facility after 4 years
Surrender Value payable after 4 years
Assignment facility available
Nomination facility available
Most convenient policy for Income tax payers and new entrants to service, who can plan their savings keeping in view the increase in tax liability and the increase in their earnings over a period of 5 years.
