PLI is a government-backed insurance scheme for employees of Central/State Governments, Public Sector Undertakings, Universities, Government-aided institutions, and Defence services personnel.
Type: Endowment policy
Key Benefit: Provides a lump sum on maturity or on death. Sum Assured + Bonus payable at the end of the policy term.
Type: Whole life policy
Key Benefit: Life cover continues up to age 80. Sum Assured + Bonus is paid on death or at age 80, whichever is earlier.
Type: Convertible whole life
Key Benefit: Can be converted to an Endowment policy after 5 years. Offers flexibility to switch plan mid-term.
Type: Money back policy
Key Benefit: Periodic survival benefits are paid at regular intervals during the policy term, providing liquidity.
Type: Joint life policy
Key Benefit: Covers husband and wife jointly. Sum Assured + Bonus is paid on the first death or on maturity.
Type: Children's insurance
Key Benefit: For children of PLI policyholders. Provides insurance cover and bonus benefits for the child.
| Feature | Details |
|---|---|
| Sum Assured Range | ₹20,000 – ₹5,00,000 |
| Entry Age | 19 to 45 years |
| Bonus Rate | ₹52 per ₹1,000 Sum Assured per year |
| Payment Frequency | Monthly, Quarterly, Half-yearly, Yearly |
| Policy Term | Depends on age at entry and plan chosen |
RPLI extends insurance coverage to rural areas of India. Available to all residents of rural areas including agricultural workers, artisans, self-employed persons, and women.
Type: Endowment policy
Key Benefit: Endowment assurance for rural policyholders. Sum Assured + Bonus payable at maturity or death.
Type: Whole life policy
Key Benefit: Whole life cover for rural residents. Death benefit or maturity benefit at age 80.
Type: Convertible whole life
Key Benefit: Convertible after 5 years to an endowment plan. Flexible coverage for rural families.
Type: Money back policy
Key Benefit: Periodic survival benefits during the policy term. Ideal for rural families needing liquidity.
Type: 10-year money back
Key Benefit: Returns money at regular intervals over a 10-year period. Designed for short-term needs.
Type: Children's insurance
Key Benefit: Insurance cover for children of rural policyholders. Provides protection and bonus benefits.
| Feature | Details |
|---|---|
| Sum Assured Range | ₹10,000 – ₹1,00,000 |
| Entry Age | 19 to 55 years |
| Bonus Rate | ₹48 per ₹1,000 Sum Assured per year |
| Payment Frequency | Monthly, Quarterly, Half-yearly, Yearly |
| Eligibility | Residents of rural areas of India |
Note: Premiums from official PLI/RPLI table. No GST applicable. Bonus rates subject to change.
