Wednesday, April 21, 2010

Benefits of Postal Life Insurance

1.100% security by Government of India
2.Income Tax Rebate under Sec. 88.
3.Low Premium. High Bonus.
4.Options for Loan, Assignment, Surrender, Conversion and Paid Up Value.
5.Repayment of Loan is optional. However interest is payable every 6 months.
6.Easy transfer to any place in India free of cost.
7.Pass book facility for payment of premia & other payments like loan, interest through any Departmental Post Office.
8.Pay recovery facility for Institutions and Organizations having more than 20 policies.
9.Facility for payment of premia monthly, half yearly and annually on any working day of the month for which it is due.
10.Rebate @ 1% for payment of 6 months premia in advance.
11.Rebate @ 2% for payment of 12 months premia in advance.
12.Nomination facility.
13. Facility for revival of policies lapsed due to non-payment of premium.
14. Payment of policy money through any Post Office, anywhere in India. Centralized accounting for quick and easy settlement of claims through fully computerized office management.

15.This is a Welfare Scheme that is why only for govt.Employee.
16.Low Premium High Bonus ( Comparison to other Insurance Policy
)

Friday, April 16, 2010

ENDOWMENT ASSURANCE ( SANTOSH)

ANNUAL BONUS@Rs.60 per Rs.1000 of Sum ASSURED

FEATURES OF THIS PLAN
1. LOW PREMIUM-HIGH BONUS
2. INCOME TAX REBATE UNDER SECTION 80-C
3. INSURANCE AGE BETWEEN 19 TO 55 YEARS.
4. PREMIUM PAYMENT FACILITY BY CASH OR CHEQUE AT ANY POST OFFICE
5. FACILITY OF LOAN AFTER COMPLETION OF THREE YEARS
6. SURRENDER VALUE ADMISSIBLE AFTER 3 YEARS
7. FACILITY OF CONVERSION AND ASSIGNMENT
8. RISK COVERED FROM THE DATE OF COMMENCEMENT (WITH PROFIT PLAN)
9. FACILITY OF NOMINATION
10.PROVISION FOR REVIVAL OF VOID OR INACTIVE POLICIES
11. MAXIMUM LIMIT OF AGGREGATE SUM ASSURED IS TWENTY LAC (50 LAC)
12. AT PRESENT BONUS IS RS-60/- PER 1000/- BUT IT MAY BE CHANGE IN FUTURE ACCORDING POSTAL DEPT.POLICY.

Thursday, April 15, 2010

What is Postal Life Insurance?

POSTAL LIFE INSURANCE
Insuring lives Ensuring Prosperity
Insure with Postal Life Insurance
Estd.in 1884
India Post is the backbone of communication in India since 1884 and this is a government department who is working since 1884. Now they are into the insurance sector too in the name of Postal Life insurance. there are many schemes for all the govt employees and rural areas people and they are offering the insurance from 1 lac to 50 LAC'S
they are giving a very good returns in the form of return like if you do the insurance of 1 lac for 5 years , they will give you a guaranteed bonus of Rs.6000 per year for a term of 5 years.