Eligibility

Customer's Guide

Postal Life Insurance

Benefits

100% security by Government of India             

Income Tax Rebate under Sec. 88.

Low Premium.

High Bonus.

Options for Loan, Assignment, Surrender, Conversion and Paid Up Value.

Repayment of  Loan is optional.  However interest is payable every 6 months.

Easy transfer to any place in India free of cost.

Pass book facility for payment of premia & other payments like loan, interest through any Departmental Post Office.

Pay recovery facility for Institutions and Organizations having more than 20 policies.

Facility for payment of premia monthly, half   yearly and annually on any working day of the month for which it is due.

Rebate @ 1% for payment of  6 months premia in advance.

Rebate @ 2% for payment of 12 months premia in advance.

Nomination facility.

Facility for revival of  policies lapsed due to non-payment of premium.

Payment of policy money through any Post Office, anywhere in India.

Centralized   accounting for quick and easy settlement of claims through fully computerized office management.