Which is Best PLI or LIC / Comparison of LIC ( Life Insurance Corporation) insurance policies and PLI (Postal Life Insurance) policies

Comparison of LIC ( Life Insurance Corporation) insurance policies and PLI (Postal Life Insurance) policies

PLI	LIC
Government	Government
Less Premium compared LIC	More Premium compared to PLI
Bonus 70	Bonus 40
Less Agents so Less Accesible	More Agents so More Accesible
rebate on 6 months and 12 months at a time premium	NA
ONLY for Govt Employees and Organised Employees	Open to all

                For Government Employees I think PLI is best because it is giving more return. But an individual has to find himself nearest post office and get the application form and apply because you will not find every where PLI agent like LIC agents. But still compared to the return the struggle will be less to take PLI policy.

HOW to apply for a PLI policy

                Go the nearest Post Office and enquire about where you can find the PLI form or PLI agent. Generally PLI forms will be available in Head Post Office. Take a PLI form and fill it up and get it signed by immediate superior and submit to PLI agent or Dy Post Master in the Head Post Office.

How entry age will be calculated for an Insurance policy:

                Age at you next birth day will be the entry age to the policy

For example if you born on 17/06/1982 and if you are applying a policy on 05/09/2012 then age will be calculated with reference to your next data of birth i.e 17/06/2013. So your age at entry will be 31 years. And according to 31 years age your premium will be calculated.