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Postal Life Insurance for the Physically Handicapped

Postal Life Insurance is one of the oldest insurer in India which offers various welfare schemes to people from different sphere of life including handicapped people. If you are a handicapped individual, you can avail various scheme depending on your financial needs.
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The Postal Life Insurance schemes are considered to be some of the most hassle-free and affordable insurance plans in India. They are reasonably low-premium investment products and are renowned for their flexibility.

For these very reasons, postal life insurance schemes are extremely viable options for individuals with physical handicaps. However, a mandatory medical examination will have to be carried out to determine the nature and extent of the handicap, which in turn will determine the premium price.

Postal Life Insurance can be availed only by government and semi-government employees, and the premium in respect of policies taken under this scheme will be determined by the accepting authority. The maximum sum assured for physically handicapped individuals by taking all policies together in PLI and RPLI is Rs ten lakhs and Rs three lakhs respectively.

The different types of Postal Life Insurance Schemes available to physically handicapped persons are:

  1. Endowment Assurance (Santosh):
  2. In this scheme the assured amount plus accrued bonus is paid to the policyholder when he or she reaches the predetermined age of maturity. The sum amount insured and bonus is payable to the nominee in case of the unprecedented death of the policyholder.

  3. Whole Life Insurance (Suraksha):
  4. In this scheme the assured amount plus the accrued bonus is paid to the nominee in the event of the policyholder passing away. It offers a higher bonus and lower premium than the endowment policy.

  5. Convertible Whole Life Insurance (Suvidha):
  6. This scheme is a convertible whole life assurance scheme and is extremely convenient for taxpayers and new entrants to service, This particular scheme helps them plan their savings while keeping their increase in tax liability and earnings over a five year period in mind.

  7. Anticipated Endowment Assurance (Sumangal):
  8. The anticipated endowment assurance scheme from Postal Life Insurance is best suited for people who expect periodical returns. This is also known as a Money-Back policy in which the survival benefits are paid to the insurant periodically.

  9. Joint Life Endowment Assurance (Yugal Suraksha):

This scheme is a joint-life endowment assurance in which one of the spouses is eligible for PLI policies. Life insurance coverage is provided to both spouses to the extent of sum assured.

Medical Report Particulars for Physically handicapped persons looking to avail PLI plans.

Physically Handicapped persons shall be insured under the “Scheme for Physically Handicapped” and shall have to undergo a special medical examination by the government medical authorities in order to determine the exact nature and extent of their handicap and its bearing on the life being insured. The medical reports shall include in particular:

  • A report quantifying the extent of handicap (for example, deformity/loss of one limb, both limbs etc)
  • Cause of handicap, i.e. congenital or post congenital.
  • The effects of the handicap on longevity of the proposer and whether the life risk is increasing or decreasing.

If the medical authority declares that that the life risk is increasing due to the handicap, the insurance proposal shall be rejected.

Persons suffering from any of the following handicaps qualify to be eligible to apply for postal life insurance.

  • Blindness
  • Deafness
  • Dumbness
  • Orthopedic handicap
  • Midgets
  • Hunchbacks
  • Loss of limbs
  • Paralysis or weakness or deformity due to Polio
  • Any other deformity due to non-neurological origin

Read More about Postal Life Insurance

Postal Life Insurance for Central Government Employees
Postal Life Insurance Bonus Rates
Postal Life Insurance Interest Rate on Loan
Postal Life Insurance Tax Rebate
Rural Postal Life Insurance

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Life Insurance Reviews

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  • LIC Life Insurance
    "Good Service"
    0.5 2.0/5 "Expected more"
    I have Life Insurance policy which was taken through LIC agent .This is a money back policy it is for the tenure of 15years paying the premium on yearly basis ,I am paying the premium through online ,The premium is nominal and got all the required details about the policy through the agent .
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 17, 2019
  • LIC
    LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy through LIC agent only .This policy is a Maturity policy and this is a children plan it is for the tenure of 20years ,The premium is paid on yearly mode and the premium amount is Rs.24000.I have not faced any difficulties as well.I have got all the details about the policy through the agent .
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 4.5/5 "Excellent!"
    I am holding the life insurance policy with LIFE INSURANCE CORPORATION OF INDIA since from last 10 years, the maturity period is for 25 years and premium paying for yearly once. This gives the coverage for family. The executive explained details and hard copy shared.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have takwen Life Insurance policy throguh LIC agent only .This policy is a Maturity policy and this is a children plan it is for the tenure of 20years ,The premium is paid on yearly mode and the premium amount is Rs.12000.I have not faced any difficulties as well.I am very much comfortable with the service .
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "BEST"
    0.5 5.0/5 "Blown Away!"
    I have purchased the policy and using it since from last 2013 and the name of policy is JEEVAN LABH the benefit of this policy is they give the good returns. The maturity period is for 25 years and premium paying for monthly once through ecs. The sum assured amount of 15L rupees. The coverage is for accidental also death coverage.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken some life insurance policy with Life insurance corporation of India from long time, the agent had clearly explain me about the plan benefits and policy coverage, the agent is my friend only he had suggested some policy where i can get good benefits, the premium amount i use to make on monthly basis, it use to get auto debited from my account.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good"
    0.5 3.5/5 "Pretty good"
    I have taken a life insurance in LIC before 20 years. The policy is for 30 years which I have taken for jeevan andha. Now I am paying premium in the quarterly package. While getting a policy my agent has not given much information about the policy details and provided documents. I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC before 9 years. The policy is for 20 years. Now I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details and provided documents as well. I use to do payments through an online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 17, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the JEEVAN ANAND policy and the JEEVAN SARAL policy with LIFE INSURANCE CORPORATION OF INDIA where the maturity period for 25 years, the premium paying for 3 months once. The policy coverage is for self and it is the good policy to use.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Good and trustworthy policy"
    0.5 5.0/5 "Blown Away!"
    I have bought a life insurance policy from LIC since its a Government based company and best option in India. I have chosen them. The policy which i have taken is not available right now. I have been paying the premium which is convenient for me. This is tax benefiter to me. I have chosen the yearly payment mode.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Plan is good"
    0.5 5.0/5 "Blown Away!"
    Earlier i had taken the policy from LIC. Since its a long term company and Government undertaken company hence i have chosen the policy. Lockin period of the policy is 12 years. I paid the premium amount of Rs. 2700 every quarter. I got the returns perfectly. I have bought the loan and closed the policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • Exide Life Insurance
    "Short period payment policy"
    0.5 4.0/5 "Great!"
    I have purchased a life insurance policy from Exide. I need to pay the premium for first 3 years. After 10 years, i will be getting the returns. I will be getting the maturity of 10 times greater. When i was working as a advisor, i have chosen the policy. I used to pay the premium in their branch. I am paying the premium amount of Rs. 50000 yearly.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "GOOD POLICY"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with LIC from 2012 and the name of the policy is JEEVAN ANAND which has the maturity period of 26 years and I am paying a premium of 6000 rupees and above for 6 months once. The policy has a coverage for the family.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • SBI Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am holding the life insurance policy with SBI LIFE where i have purchased the MONEY BACK policy but i got no money back so far with this policy. The policy gives the coverage for self also the premium paying for self. There is no issues with the policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • HDFC Life Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have taken the MONEY BACK policy with HDFC LIFE and using from last one year. The policy coverage is for self added on that the policy maturity period is fir self, i have got no cash backs so far with this policy. Premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the JEEVAN ANAND policy with the LIFE INSURANCE CORPORATION OF INDIA the policy has the maturity period of long term and the policy coverage is for self. I am holding the policy from last 9 years, premium paying for yearly once.
    Was this review helpful? 0
    , chennai
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been using life insurance with Life insurance corporation of India , and the premium they use to charge me was nominal they have charged me up to 2500 and it use pay my insurance premium through on line itself, there agent had explained me clearly about the the policy and coverage in this policy, overall service is going smoothly.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I have been using my life insurance with Life insurance corporation of India, there service is good, the agent had explain me about the policy coverage,and about plan benefits clearly, and the premium amount they have charged me on yearly basis up to 5000 premium amount it use to get auto debited from my account.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 16, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC before one year. The policy is for 15 years. Now I am paying premium in the monthly package. While getting a policy my agent has given an information about the policy details and provided hard copy documents as well. This policy covers up to myself.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 15, 2019
  • LIC Life Insurance
    "Good"
    0.5 4.5/5 "Excellent!"
    I have taken a life insurance in LIC before 5 years. The policy is for 20 years. Now I am paying premium in the quarterly package. While getting a policy my agent has given an information about the policy details but still I have not receive the hard copy documents. Some times I do a payments through an online or else I provide amount to brother since he is an agent for this policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jun 15, 2019
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