Postal Life Insurance (PLI)
PLI is a government-backed insurance scheme for employees of Central/State Governments, Public Sector Undertakings, Universities, Government-aided institutions, and Defence services personnel.
📋 Scheme Details — Endowment Assurance (Santosh)
Policy TypeEndowment Assurance (Santosh)
Declared Bonus₹52 per ₹1,000 SA/year
Terminal Bonus₹20/₹10,000 (20yr+ policies)
Min / Max SA₹20,000 / ₹50 Lakh
Entry Age19 to 55 years
Maturity Age35, 40, 45, 50, 55, 58 or 60 years
Payment FrequencyMonthly only
⭐ Key Features
- ✓Maturity = SA + Total Bonus (SA × ₹52/₹1,000 × policy years)
- ✓Loan facility available after 3 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓Proportionate bonus on reduced SA if surrendered after 5 years
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
Under this scheme the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the pre-determined age of maturity i.e. 35, 40, 45, 50, 55, 58 & 60 years of age. In case of death, the full sum assured with accrued bonus is paid to the assignee, nominee or legal heir.
Note: Premiums from official PLI table (Ver 8, 22.09.2025). No GST applicable as per latest Govt notification. Bonus rates subject to change.
PLI Plans
1. Endowment Assurance — Santosh
Type: Endowment policy
Key Benefit: Provides a lump sum on maturity or on death. Sum Assured + Bonus payable at the end of the policy term.
2. Whole Life Assurance (Suraksha)
PLI · Lifetime cover · Maturity at age 80
🎯 Bonus: ₹76/₹1000/yr📅 Maturity: Age 80💰 Max SA: ₹50 Lakh
Policy TypeWhole Life Assurance (Suraksha)
Declared Bonus₹76 per ₹1,000 SA/year
Min / Max SA₹20,000 / ₹50 Lakh
SA Multiple₹10,000
Entry Age19 to 55 years
MaturityAge 80 OR on death — whichever earlier
Premium Paid TillChoice of age 55, 58, or 60
Payment FrequencyMonthly only
⭐ Key Features
- ✓Loan facility available after 4 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓Proportionate bonus on reduced SA if surrendered after 5 years
- ✓Convertible to Endowment Assurance up to age 59
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
3. Convertible Whole Life (Suvidha)
PLI · Convert to Endowment between yr 5 & 6
🎯 Bonus: ₹76/₹1000/yr📅 Maturity: Age 80💰 Max SA: ₹50 Lakh
Policy TypeConvertible Whole Life Assurance (Suvidha)
Declared Bonus₹76 per ₹1,000 SA/year
Min / Max SA₹20,000 / ₹50 Lakh
SA Multiple₹10,000
Entry Age19 to 50 years
MaturityAge 80 OR on death — whichever earlier
ConversionConvert to Endowment between year 5 & 6
Payment FrequencyMonthly only
⭐ Key Features
- ✓If not converted, continues as Whole Life Assurance till age 80
- ✓Loan facility available after 4 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓On conversion, Endowment Assurance bonus rate applies
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
4. Anticipated Endowment Assurance (Sumangal)
Money Back · 15/20 yr · Survival payouts + maturity
🎯 Bonus: ₹48/₹1000/yr📅 Term: 15 or 20 years💰 Max SA: ₹50 Lakh
Policy TypeAnticipated Endowment (Money Back)
Declared Bonus₹48 per ₹1,000 SA/year
Min / Max SA₹20,000 / ₹50 Lakh
SA Multiple₹10,000
Entry Age19 to 45 years
Policy Term15 years or 20 years
Survival Benefit20% × 3 payouts + 40% at maturity
Payment FrequencyMonthly only
Death BenefitFull SA + Accrued Bonus
⭐ Key Features
- ✓15yr term: 20% at yr 6, 9, 12 → 40% + bonus at maturity
- ✓20yr term: 20% at yr 8, 12, 16 → 40% + bonus at maturity
- ✓3 survival payouts of 20% SA each (total 60% received early)
- ✓Final 40% SA + Total Bonus paid at maturity
- ✓Death benefit = Full SA + Accrued Bonus to nominee
- ✓Survival payments not deducted from death benefit
- ✓Premiums eligible for 80C deduction
5. Yugal Suraksha
PLI Joint Life Assurance · equivalent-age premium table
Bonus: Rs.52/Rs.1000/yrTerm: 5 to 20 yearsMax SA: Rs.50 Lakh
Policy TypeJoint Life Endowment Assurance
BonusRs.52 per Rs.1,000 SA per year
Sum AssuredRs.20,000 to Rs.50,00,000
SA MultipleRs.10,000
Entry Age21 to 45 years for both spouses
Policy Term5 to 20 years
Net Premium RulePremium - rebate, then rounded up; tax not applied
6. Bal Jeevan Bima
PLI Children Policy · child age 5 to 20 table
Bonus: Rs.52/Rs.1000/yrMaturity age: 18 to 25Max SA: Rs.3 Lakh
Policy TypePLI Children Policy / Bal Jeevan Bima
BonusRs.52 per Rs.1,000 SA per year
Sum AssuredRs.20,000 to Rs.3,00,000
SA MultipleRs.10,000
Child Age Table5 to 20 years
Maturity Age18 to 25 years
Payment FrequencyMonthly only
Net Premium RulePremium - rebate, then rounded up; tax not applied
Rural Postal Life Insurance (RPLI)
RPLI extends insurance coverage to rural areas of India. Available to all residents of rural areas including agricultural workers, artisans, self-employed persons, and women.
📋 Scheme Details — Endowment Assurance (Gram Santosh)
Policy TypeEndowment Assurance (Gram Santosh)
Declared Bonus₹48 per ₹1,000 SA/year
Min / Max SA₹10,000 / ₹10 Lakh
Entry Age19 to 55 years
Maturity Age35, 40, 45, 50, 55, 58 or 60 years
Payment FrequencyMonthly / Quarterly / Half-Yearly / Yearly
⭐ Key Features
- ✓Maturity = SA + Total Bonus (SA × ₹48/₹1,000 × policy years)
- ✓Loan facility available after 3 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓Proportionate bonus on reduced SA if surrendered after 5 years
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
Note: RPLI bonus ₹48/₹1,000 vs PLI ₹52/₹1,000 — RPLI pays slightly less bonus but much lower premiums.
RPLI Plans
1. Gram Santosh
Type: Endowment policy
Key Benefit: Endowment assurance for rural policyholders. Sum Assured + Bonus payable at maturity or death.
2. Gram Suraksha (Whole Life)
RPLI · Lifetime cover · Maturity at age 80
🎯 Bonus: ₹60/₹1000/yr📅 Maturity: Age 80💰 Max SA: ₹10 Lakh
Policy TypeWhole Life Assurance (Gram Suraksha)
Declared Bonus₹60 per ₹1,000 SA/year
Min / Max SA₹10,000 / ₹10 Lakh
SA Multiple₹5,000
Entry Age19 to 55 years
MaturityAge 80 OR on death — whichever earlier
Premium Paid TillChoice of age 55, 58, or 60
Payment FrequencyM / Q / H / A
⭐ Key Features
- ✓Loan facility available after 4 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓Proportionate bonus on reduced SA if surrendered after 5 years
- ✓Convertible to Endowment Assurance up to age 59
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
3. Gram Suvidha (Convertible Whole Life)
RPLI · Convert to Endowment between yr 5 & 6
🎯 Bonus: ₹60/₹1000/yr📅 Maturity: Age 80💰 Max SA: ₹10 Lakh
Policy TypeConvertible Whole Life Assurance (Gram Suvidha)
Declared Bonus₹60 per ₹1,000 SA/year
Min / Max SA₹10,000 / ₹10 Lakh
Entry Age19 to 45 years
MaturityAge 80 OR on death — whichever earlier
Premium Paid TillAge 60
ConversionConvert to Endowment between year 5 & 6
Payment FrequencyM / Q / H / A
⭐ Key Features
- ✓If not converted, continues as Whole Life Assurance till age 80
- ✓Loan facility available after 4 years of premium payment
- ✓Surrender allowed after 3 years; no bonus if surrendered before 5 years
- ✓On conversion, Endowment Assurance bonus rate applies
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Premiums eligible for 80C tax deduction
4. Anticipated Endowment Assurance (Gram Sumangal)
Money Back · 15/20 yr · Survival payouts + maturity
🎯 Bonus: ₹45/₹1000/yr📅 Term: 15 or 20 years💰 Max SA: ₹10 Lakh
Policy TypeAnticipated Endowment (Money Back)
Declared Bonus₹45 per ₹1,000 SA/year
Min / Max SA₹10,000 / ₹10 Lakh
SA Multiple₹5,000
Entry Age19 to 40 years
Policy Term15 or 20 years
Survival Benefit20% × 3 payouts + 40% at maturity
Payment FrequencyM / Q / H / A
Death BenefitFull SA + Accrued Bonus
⭐ Key Features
- ✓15yr term: 20% at yr 6, 9, 12 → 40% + bonus at maturity
- ✓20yr term: 20% at yr 8, 12, 16 → 40% + bonus at maturity
- ✓3 survival payouts of 20% SA each (total 60% received early)
- ✓Final 40% SA + Total Bonus paid at maturity
- ✓Death benefit = Full SA + Accrued Bonus to nominee
- ✓Survival payments not deducted from death benefit
- ✓Premiums eligible for 80C deduction
5. Gram Priya (10-Year Money Back)
RPLI · 10 yr · 20%+20%+60% payouts
🎯 Bonus: ₹45/₹1000/yr📅 Term: 10 years💰 Max SA: ₹10 Lakh
Policy Type10-Year Money Back (Gram Priya)
Declared Bonus₹45 per ₹1,000 SA/year
Min / Max SA₹10,000 / ₹10 Lakh
SA Multiple₹5,000
Entry Age20 to 45 years
Policy Term10 years (fixed)
Survival Benefit20% at yr 4, 20% at yr 7, 60% at maturity
Payment FrequencyM / Q / H / A
⭐ Key Features
- ✓20% SA paid after 4 years, 20% SA after 7 years
- ✓Remaining 60% SA + Total Bonus paid at maturity (yr 10)
- ✓Death benefit = Full SA + Accrued Bonus to nominee/legal heir
- ✓Calamity relief — no interest on premium arrears (up to 1 yr) during flood, drought, earthquake, cyclone
- ✓Premiums eligible for 80C tax deduction
6. Gram Bal Jeevan Bima
RPLI Children Policy · premium table from India Post
Bonus: Rs.48/Rs.1000/yrMaturity age: 18 to 25Max SA: Rs.1 Lakh
Policy TypeRPLI Children Policy / Gram Bal Jeevan Bima
BonusRs.48 per Rs.1,000 SA per year
Sum AssuredRs.20,000 to Rs.1,00,000
SA MultipleRs.5,000
Child Age Table5 to 20 years
Maturity Age18 to 25 years, as allowed by table
Payment FrequencyMonthly only
Net Premium RulePremium - rebate, then rounded to nearest rupee; tax not applied
⭐ Key Features
- ✓Net premium excludes tax and follows the nearest-rupee rounding rule.
- ✓Rebate is applied at Rs.1 per Rs.20,000 sum assured.
- ✓Maturity amount = Sum Assured + total bonus.
- ✓Maturity options are restricted to the official table values.
