Which PLI policy is best?
Which PLI policy is best?
Postal Life Insurance Scheme Bonus:
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| Whole Life Assurance (WLA) | Rs. 65 per Rs. 1000 of the sum assured |
| Convertible Whole Life Policies | Whole life bonus rate is applicable. However, on conversion, the applicable rate will be equal to the endowment bonus rate. |
Which insurance is best LIC or post office?
Difference Between PLI and LIC
| Postal Life Insurance | |
|---|---|
| Premium rate | The premium rates of most plans are cheaper than those offered by LIC. You can also get a rebate of two percent by paying a premium of 12 months in advance. There is also one percent rebate if the premium is paid in advance for six months. |
Which PLI scheme is best Quora?
Postal life insurance is the best. Earlier PLI was available only for a very limited number of professional like Employee of Central government, State Government,PSU,Nationalized Banks etc.
Who is eligible for PLI?
Anyone working in government departments and ministries, local bodies, defence services, para military forces, educational institutions, nationalised and commercial banks, and specified organisations, can apply for the policy. Postal Life Insurance policyholders must be over 19 years of age but less than 55 years old.
What is Post Office PLI scheme?
Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888. PLI also extends insurance cover to the officers and staff of the Defence services and Paramilitary forces.
What is PLI in post office?
Postal Life Insurance
Postal Life Insurance (PLI) was introduced on 1st February 1884.It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888.