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Postal Life Insurance Postal Life Insurance is 124 years young.
It was started on February 1, 1884 as a welfare measure for the employees of Posts & Telegraphs Department under Government of India dispatch No. Due to popularity of its schemes, various departments of Central and State Governments were extended its benefits.
The bonus included in maturity is taken as declared for past years and previous year's bonus for future years of policy term. Can you please tell me the surrender value I'll get.
I purchased PLI policy in June 2010 with monthly premium of 5150/- and maturity date as june 2026.
My advice is look for Term insurance plan, which is pure insurance cover.