What is Postal Life Insurance?

Postal Life Insurance is an insurance scheme it was established on 1st February 1884 and is currently managed by the Department of Posts under the Government of India. The primary purpose of the scheme is to ensure the protection of government employees through appropriate life insurance coverage. Postal life insurance offers a different range of life insurance products. Similar to PLI life insurance, there is a Rural Postal Life Insurance (RPLI) plan to provide financial coverage to people living outside cities and towns.

How is PLI Premium Calculated?

The postal life insurance premium is calculated on the basis of the age of the person, his or her health, and the amount of coverage. The first factor is the age of the person. The older you are, there is more risk for your life and so it costs more to insure you. The second factor is your health. If you have a chronic illness or some other condition that might make it difficult for you to live long, then it will cost more to insure your life because there is more risk involved in insuring your life than insuring a healthy person’s life. The third factor is your coverage amount.

Which PLI Plan is Best?

Many Postal Life Insurance plans offer a bonus that is quite high and offers low premium rates. Postal life insurance covers the life of customers against death or disability and is the same as the term life insurance or any other life insurance products. Postal life insurance offers a different range of products such as Whole life insurance, Annuity insurance, term insurance, etc.

What are the Benefits of Postal Life Insurance Premium Calculator?

Postal life insurance covers the life of customers against death or disability and is the same as the term life insurance or any other life insurance products. Postal life insurance offers a different range of products such as Whole life insurance, Annuity insurance, term insurance, etc. factors that affect the postal life insurance premium such as the age of customer, monthly income, sum assured, and maturity age.

Benefits:-

• Using Postal Life Insurance (PLI) premium calculator is an easy online tool, cost-effective, and has easy access to everyone on our portal.
• No registration is required on our website and can avail of the benefits of calculation of insurance premium comparison.
• You can save time and compare quotes on your own requirement.

How Can I Calculate Postal Life Insurance Premium in India?

Postal Life insurance Premium Calculator is an online tool used to calculate the premium of different life insurance plans. The postal Life insurance premium can be calculated easily in five steps.

Step1: Visit Postal Life Insurance Website

Step2: Click on “Buy Policy”

Step3: Enter Details Correctly

Step4: Click on Get Quotes

Step5: Postal Life Insurance premiums displayed on screens.