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 Insurance company"
    0.5 5.0/5 "Blown Away!"
    Took my life insurance from LIC and i took the policy 4 years before and it was like a group insurance. My premium amount has been deducted from my salary. They are paying the premium amount of Rs. 1000 every month. Total term period of the policy is 18 years. They have given me a policy documents on time.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 24, 2020
  • LIC
    LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I am using LIC policy more than 2 years, they will give good returns hence I have chosen the same company for life insurance policy. I think its Jeevan Anand policy . Total term period of the policy is 15 years. Its a tax beneficial policy. I pay the premium Rs. 2143 through an online.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 24, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Life insurance policy through LIC agent.This was a maturity benefit policy taken for the tenure of 15 years .I am paying the premium on yearly basis ,The premium is paid on cash through the agent .This policy is still active and the whole process was clearly explained by the agent.I have taken this policy only for my family benefits.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 23, 2020
  • LIC Life Insurance
    "Best policy "
    0.5 4.0/5 "Great!"
    I have taken a life insurance policy through LIC by an agent. This was a money back policy for tenure of 21 years and I am paying the premium on half yearly basis through cash. I am paying premium of Rs. 6000 and this policy is still active on my name.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 23, 2020
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I bought the life insurance policy from LIC and the policy is alive. Its because of the claim settlement ratio which is higher when i compared to other policy provider so that i have selected LIC company. I pay the premium amount of more than Rs. 25000 in a year. I pay the premium through online.
    Was this review helpful? 0
    , kolkata
    Reviewed on Jan 22, 2020
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have taken life insurance policy through LIC agent ,This was an endowment policy .I am paying the premium for the past 15 to 20 years .I am paying the premium through quarterly basis and each information is given by the agent.I have got the policy documents on time .I have surrender the policy and got the amount .
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2020
  • LIC Life Insurance
    "Best policy"
    0.5 4.0/5 "Great!"
    LIC, they will give good returns hence I have chosen the same company for life insurance policy. I bought the Jeevan Anand policy before 4 years ago. Total term period of the policy is 25 years. Its a tax beneficial policy. I pay the premium through the online. I never contacted the customer care service so far.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Life Insurance policy through LIC agent .I am paying the premium on quarterly basis .This was a money back policy it is taken for my family purpose only.The complete details about this policy was clearly shared by the agent .Premium is mostly paid through cheque only.I am totally satisfied with this policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken life insurance policy directly through LIC agent.This was a money back policy for the tenure of 10 years .The premium is paid on quarterly basis .Each and everything was good and this policy is highly beneficial for family .I am paying the premium through cheque only.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2020
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance through LIC directly .This policy tenure is 20 years, will be getting some good returns. The payment mode is auto debit option. I am paying the premium on monthly basis of Rs.823 and this policy is still active on my name .I have got all the update about the policy through the agent .Even got my policy documents on time as well.This policy is highly beneficial and will be useful for me and my family.
    Was this review helpful? 1
    , kolkata
    Reviewed on Jan 21, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 3.5/5 "Pretty good"
    I have taken life insurance policy directly through LIC agent .This was a term plan it is applicable till the age of 70years old.I am paying the premium on half yearly basis ,This is a death benefit plan totally useful for family members .Each and every details about the policy was clearly shared by the agent.This policy is still active and much comfortable .
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 21, 2020
  • LIC Life Insurance
    "Best policy "
    0.5 5.0/5 "Blown Away!"
    I have taken life insurance policy through LIC by an agent. This was a money back policy for the tenure of 20 years and i am paying the premium on monthly basis through online by ECS mode. I am paying Premium Rs.2800 and this policy is still active on my name.
    Was this review helpful? 0
    , kochi
    Reviewed on Jan 21, 2020
  • Tata AIA Life Insurance
    "Client communication must"
    0.5 4.0/5 "Great!"
    I have taken my life insurance policy from TATA AIA and it is a money back policy. I am not getting correct information i would request to send a mail regarding dividend every thing they should communicate. They take care of their customers concern. They take care of their schemes and also getting bonus.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 21, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken life insurance policy directly through LIC agent.This is a maturity benefit policy for the tenure of 20years ,I am paying the premium through agent as well as cheque .This policy is highly beneficial for family and this policy is still active. I am satisfied with the service so far.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 21, 2020
  • HDFC Life Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    My son in law has suggested a life insurance to take from HDFC Life. So I have taken on 2 years before. It covers my whole family. It is a single payment for this insurance. I am not aware about tenure period. I got all details about this policy and got documents on time.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2020
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    LIC has offered a Jeevan Anandh policy. While checking terms and conditions I felt pretty happy with their schemes so I had opted for it. Last year of July I got this policy. The tenure period of 20 years. I use to pay premium amount on quarterly basis of 5,200 rupees. It covers myself. No late payment issue.
    Was this review helpful? 0
    , keonjhar
    Reviewed on Jan 20, 2020
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on one year back. The policy is for 25 years. I am paying premium on quarterly package the amount of 4K which is nominal. While getting this insurance my agent has given an information about the policy details. It covers myself. It is a money back policy.
    Was this review helpful? 0
    , keonjhar
    Reviewed on Jan 20, 2020
  • LIC Life Insurance
    "Best policy"
    0.5 4.0/5 "Great!"
    LIC has offered a Jeevan Anand policy and i am holding since 30 years before. Now I am paying premium amount once in 3 months with the premium of 1369 rupees. While getting this policy my agent has given all information about the policy details and the coverage value of Rs. 1L
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 20, 2020
  • LIC Life Insurance
    "Need policy"
    0.5 5.0/5 "Blown Away!"
    All my relation have a life insurance policy from LIC so that i have taken the policy with them. I bought the policy almost 3 years. Total term period of the policy is 15 years. I have been paying the premium amount of Rs. 30000 on a monthly basis and my friend is working as a LIC agent has referred me about this policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 20, 2020
  • LIC Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Life Insurance policy through LIC agent .This was a maturity benefit policy and this policy tenure is 20 years .I need to pay the premium within 3 months .The premium is paid on through the agent.This policy is taken for family benefits. The complete process was shared by the agent.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 20, 2020
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