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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.
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