What is the current bonus rate of postal life insurance?
What is the current bonus rate of postal life insurance?
Postal Life Insurance Scheme Bonus:
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| Endowment Assurance (EA) | Rs. 50 per Rs. 1000 of the sum assured |
| Whole Life Assurance (WLA) | Rs. 65 per Rs. 1000 of the sum assured |
Which policy is best in RPLI?
List of 6 Best Rural Postal Life Insurance (RPLI) Plans in India 2021
- Whole Life Assurance (Gram Suraksha)
- Endowment Assurance (Gram Santosh)
- Convertible Whole Life Assurance (Gram Suvidha)
- Anticipated Endowment Assurance (Gram Sumangal)
- 10 Years Rural PLI (Gram Priya)
- Children Policy (Bal Jeevan Bima)
What are the benefits of postal life insurance?
The salient features of this scheme are as under:
- The scheme provides life insurance cover to children of policy holders.
- Maximum two children of policy holder (parent) are eligible.
- Children between 5- 20 years of age are eligible.
- Maximum sum assured ₹ 3 lac or equal to the sum assured of the parent, whichever is less.
What is difference between PLI and RPLI?
PLI : Sum assured/Aggregate Sum assured limit is more than Rs. 1 lacs or proposer’s age is more than 35 years. RPLI : Sum assured/Aggregate Sum assured limit is more than Rs. 25,000/- or proposer’s age is more than 35 years.
What is the bonus rate of PLI 2021?
DOP : Rural Postal Life Insurance (RPLI) Rate of Bonus for F.Y. 2021-22 applicable from 01.04. 2021
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| v. Terminal Bonus | Rs. 20/- per sum assured of Rs. 10.000/-. subject to maximum of Rs.1000 for Whole Life Assurance and Endowment Assurance policies with term of 20 years or more. |
Is PLI better than LIC?
Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently, LIC offers a bonus rate of around 4% to 5%.
Is RPLI better than LIC?
Which is better PPF or RPLI?
Tenure: While PPF is a long-term investment plans (minimum 15 years) and cannot be taken for a shorter period, LI can be taken for a shorter duration, starting at five years. LI therefore offers greater flexibility.
How can I check my PLI bonus?
You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.
How is terminal bonus calculated?
Terminal bonus is one time bonus which is payable at maturity. Terminal bonus declared as a percentage of sum assured. So to get to the HDFC Life Savings Assurance Plan, you have to add all of the following – Sum Assured + Accrued bonus + Any special bonus + Terminal Bonus.
How can I check my PLI maturity amount?
Process of Using PLI Maturity Calculator
- Input the Sum Assured amount.
- Input the year of purchase of the policy.
- Input the current age of the customer.
- Input the maturity age of the customer.
- Once the customer clicks on the “Calculate” button, the results will be displayed on the screen.
Which postal insurance is best?
6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022
- Whole Life Assurance (Suraksha)
- Endowment Assurance (Santosh)
- Convertible Whole Life Assurance (Suvidha)
- Anticipated Endowment Assurance (Sumangal)
- Joint-Life Insurance (Yugal Suraksha)
- Children Policy (Bal Jeevan Bima)
