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Postal Life Insurance Endowment Assurance (Santosh)
Under this scheme the proponent is given an assurance to the extent of the sum assured and accrued bonus till he/she attains the pre- determined age of maturity i.e 35,40,45,50,55,58 & 60 years of age.
In case of death of insurant, assignee, nominee or legal heir is paid full amount of sum assured with accrued bonus
Minimum & maximum age at entry: 19-55 years
Minimum sum assured ₹ 20,000; Maximum ₹ 50 lac
Loan facility after 3 years
Surrender after 3 years
Not eligible for bonus if surrendered before completion of 5 years
Proportionate bonus on reduced sum assured is paid if policy is surrendered after 5 years
Last declared Bonus- ₹ 52/- per ₹ 1000 sum assured per year
