Postal Life Insurance Scheme: Get assured benefits of Rs 5 lakh under Yugal Suraksha - Know age limit, policy details here

Yugal Suraksha PLI Scheme: The individuals looking for a couple life insurance must be aware of the Yugal Suraksha scheme from India Post. A maximum of Rs 50 lakh is assured under this scheme. In case of any queries and details, the interested individuals can login to the official website of India Post at indiapost.gov.in.

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Policy details
In one of its recent tweets, India Post informed about this Postal Life Insurance (PLI) scheme from its official Twitter handle. The tweet said, "PLI Couple Suraksha plan provides life cover to both the spouses to the extent of Sum Assured along with accrued bonus. For more information see: cutt.ly/fbx9Dks."

पीएलआई युगल सुरक्षा योजना अर्जित बोनस के साथ बीमित राशि की सीमा तक पति-पत्नी दोनों को जीवन सुरक्षा प्रदान करती है। अधिक जानकारी के लिए देखें: https://t.co/cESJBi1UXT #InsuranceHoTohPostalHo pic.twitter.com/vAxrl7SUFU

— India Post (@IndiaPostOffice) December 12, 2021

The interested individuals must note that the scheme cover both spouses to the extent of sum assured with accrued bonus with a single premium.

Minimum and maximum limit
It must also be noted that under the Yugal Suraksha scheme, the minimum sum assured is Rs 20,000 and the maimum sum assured is Rs 50 lakh.

Age limit
The minimum and the maximum age limits at the entry of the spouses are 21 years and 45 years, respectively. The maximum age of the elder policy holder should not be more than 45 years and the couple should be between 21 years to 45 years.

The minimum term of the policy is 5 years and the maximum term is 20 years.

Loan facility and other details
The interested individuals must note that the loan facility will be available to them at the end of three years.

It must be noted that one is not eligible for bonus if surrendered before completion of five years.

Proportionate bonus is available on reduced sum assured is paid if policy is surrendered. One must know that it can be surrendered after three years. The last declared bonus has been Rs 52 per Rs 1000 sum assured per year

The death benefits are paid to either of the survivors in the event of death of spouse or main policy holder

In case of any queries and further details, the interested individuals can login to the official website of India Post at indiapost.gov.in.