Embrace Lifelong Protection with PLI Whole Life Assurance (Suraksha)
PLI's Whole Life Assurance, aptly named 'Suraksha' (Protection), is designed for those who seek enduring financial security for their loved ones throughout their entire lifetime. This robust plan offers a unique promise: the sum assured, coupled with accumulated bonuses, is payable either upon the insured reaching the age of 80 or to their family upon the insured's demise, whichever event occurs first. It's a testament to long-term commitment and care.
Distinctive Features of PLI Suraksha:
- Lifelong Coverage: Suraksha provides peace of mind with insurance cover that extends up to 80 years of age, ensuring your family's financial needs are met even in your advanced years.
- Flexible Premium Payments: While the coverage is for whole life, you have the flexibility to choose a premium paying term that suits your financial capacity, with options to cease premium payments at age 55, 58, or 60.
- Guaranteed Payout: The full sum assured plus all accrued bonuses are guaranteed to be paid, providing a substantial financial corpus.
- Broad Eligibility: Open to individuals aged 19 to 55 years, Suraksha caters to a wide range of individuals looking for lasting protection.
- Significant Coverage Options: Start with a minimum sum assured of ₹20,000 and go up to ₹50 lakhs, allowing for substantial financial planning.
- Access to Funds: Loan facilities become available after the policy has been active for four years. Surrender options are also available after three years, though bonus eligibility might be affected if surrendered before five years.
- Convertibility Option: Enhance your plan's flexibility by converting your Suraksha policy into an Endowment Assurance policy. This option is available up to the age of 59, provided the conversion date doesn't fall within one year of premium cessation or maturity.
- Competitive Bonus: PLI Suraksha boasts a highly attractive bonus rate, currently at ₹76 per ₹1000 sum assured per year, significantly boosting your policy's value over time.
PLI Suraksha is an ideal choice for individuals seeking maximum protection at an affordable premium, coupled with the assurance of a significant return. It's a cornerstone for any comprehensive financial plan, ensuring your legacy of care endures. Use our calculator to explore how Suraksha can fortify your financial future.
Disclaimer: This calculator provides an estimate. Bonus rates are subject to change as per government declarations. For exact calculations and policy details, please refer to official Post Office or PLI sources.