Whole Life Assurance (WLA), Convertible Whole Life Assurance (CWA), Endowment Assurance (EA), Anticipated Endowment Assurance (AEA), Children Policy, and Joint Life Assurance or Yugal Suraksha (YS) are among the policies that Postal Life Insurance provides to central government and semi-government employees. All of the aforementioned policies provide bonuses. So, see below the pli agent commission chart 2025.
Conditions Governing Bonuses Due on Postal Life Insurance:
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If a policyholder takes out a loan from the policy during the first five years of the policy’s term, bonuses won’t be paid.
If a policyholder takes out a loan from the policy after the first five years of the policy term is up, they will get proportionate bonuses on the lower sum assured.
The specifics of the bonuses and advantages offered by each type of postal life insurance plan are listed below:
Whole Life Assurance (Suraksha) o At age 80, or to legal representatives if the insured dies before then, a guaranteed sum with accrued bonus is given.
Age range: minimum: 19, maximum: 55.
Amount Assured: Between Rs. 20,000 to Rs. 50 lakh.
Loan facility with a 4-year term and a 3-year surrender period.
The most recent incentive announced was Rs. 76 for every Rs. 1000 in annual sum guaranteed.
Suvidha Convertible Whole Life Assurance: After five years, Whole Life Assurance can be converted to Endowment Assurance.
Age range: minimum: 19, maximum: 55.
Amount Assured: Between Rs. 20,000 to Rs. 50 lakh.
Loan facility with a 4-year term and a 3-year surrender period.
The most recent incentive announced was Rs. 76 for every Rs. 1000 in annual sum guaranteed (if not converted).
Santosh Endowment Assurance
A bonus is paid to the insured at a specified age, or to legal representatives if the insured dies before then.
19 is the minimum age while 55 is the maximum.
Rs. 20,000 to Rs. 50 lakh is the sum assured.
After three years, loan facility, surrender.
The last bonus announced was Rs. 52 for every Rs. 1000 in annual sum guaranteed.
Yuval Suraksha Joint Life Assurance is a policy that offers lifetime coverage to married couples.
The minimum age is 21, while the maximum age for both couples is 45.
Amount Assured: Between Rs. 20,000 to Rs. 50 lakh.
After three years, the loan facility is surrendered.
The most recent incentive announced was Rs. 52 for every Rs. 1000 in annual sum guaranteed (if not converted).
Sumangal’s Anticipated Endowment Assurance is a money-back insurance plan that pays out benefits on a regular basis.
For a 20-year term insurance policy, the minimum age at entry is 19, the maximum age at entry is 40, and the maximum age at admission is 45 for a 15-year term policy.
Duration: fifteen to twenty years.
The most recent incentive announced was Rs. 48 for every Rs. 1000 in annual sum guaranteed.
Children’s Policy (Bal Jeevan Bima): o A child’s life insurance plan.
Child age: 5-20 years, Parent age: less than equivalent to 45 years.
Sum Assured: Rs. 3 lakh or the sum assured by the parent, whichever is lower.
If a parent dies, the premium is waived; the entire amount is paid at the end of the term.
The most recent bonus rate was Rs. 52 for every Rs. 1000 in annual sum guaranteed.
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