Whole Life Assurance
Suraksha
Lifelong protection at the lowest premium among PLI plans. Sum assured plus accrued bonus is paid at age 80, or to the nominee on earlier death.
Suitable for
Those who want maximum family cover at the lowest premium, focused on protection over a fixed payout.
Key features
- Lifelong cover — sum assured + bonus paid on death, or at age 80
- Lowest premium of the PLI plans for a given sum assured
- Loan after 4 years; can be surrendered or made paid-up
- Terminal bonus (₹20 per ₹10,000 SA, max ₹1,000) if term ≥ 20 years
Important conditions
- Premium-paying age (55/58/60) is chosen at proposal
- Standard first-year clauses apply — Verify current terms with India Post
Documents required
- Completed proposal form (in capital letters)
- Identity proof (Aadhaar / PAN / Voter ID / Passport)
- Age proof & address proof
- Proof of eligibility (PLI) / rural residence (RPLI)
- Recent passport-size photographs
- Medical examination report where required by age / sum assured
FAQs
When is the maturity paid?
On attaining age 80 (sum assured + accrued bonus), or to the nominee on earlier death.
Why is the premium lower?
It is a whole-life plan, so for a given sum assured the premium is the lowest among PLI plans.
Can I take a loan?
Yes, after 4 completed years.