Yugal Suraksha Yojana: Life insurance cover of up to Rs. 50 lakh for both husband and wife with a single premium..

In today's fast-paced life, every couple wants to secure their future. However, when it comes to insurance, multiple policies, high premiums, and complex terms often become a source of trouble. In such a situation, providing strong life insurance protection for both husband and wife under a single policy and a single premium is a real relief. The Yugal Suraksha Plan from Postal Life Insurance (PLI) was designed with this vision in mind. Through government assurance, excellent bonuses, and simple terms, this plan provides married couples with a strong foundation for a secure future together.

What is Postal Life Insurance?
Postal Life Insurance is one of India's oldest life insurance services. It was launched on February 1, 1884. Initially, the scheme was exclusively for postal department employees, but its scope has expanded over time. Today, it is available to central and state government employees, semi-government institutions, professionals, and many other categories. This scheme is run by India Post and the Ministry of Communications, making it completely government-owned and reliable.

What is the Yugal Suraksha Yojana?
The Yugal Suraksha Yojana is a Joint Life Endowment Assurance Plan. The lives of both husband and wife are covered under a single insurance policy, eliminating the need for separate policies. A single premium provides both insurance coverage and bonus benefits. This plan is specifically designed for couples who want to secure their future together.

Who can avail this policy?
To avail this plan, both spouses must be between 21 and 45 years of age. The elder spouse must not be more than 45 years of age. At least one of the spouses must be eligible for PLI.

This scheme is available to employees of central/state governments, PSUs, banks, RBI, defense services, paramilitary forces, teachers, doctors, engineers, chartered accountants, lawyers, management consultants, and various other professionals.

Sum Assured and Policy Term
The minimum sum assured under the Yugal Suraksha Plan is ₹20,000, while the maximum cover can be up to ₹50 lakh. The policy term can be a minimum of 5 years and a maximum of 20 years. The sum assured can be chosen in multiples of ₹10,000, such as ₹30,000, ₹50,000, or more.

How is the premium determined?
The premium depends on the age of the spouse and the policy term chosen. If there is a difference in their ages, the equivalent age is calculated. For example, if the husband is 35 and the wife is 25, the age difference is 10 years. In such a case, the equivalent age is calculated as 31 by adding 6 to the wife's age. The premium is determined based on this age. Premiums can be paid monthly, quarterly, half-yearly, or annually. Long-term policies have lower premiums.

Bonuses and Returns
The biggest highlight of this plan is its attractive bonus. According to the currently announced bonus, it provides a bonus of approximately ₹52 to ₹58 per year for every ₹1,000 sum assured. The full bonus is paid along with the sum assured upon policy maturity. This creates a substantial corpus over the long term. Therefore, this plan is not only a source of insurance but also a good source of savings.

Loan, Surrender, and Death Benefits
A loan facility is available on the policy after 3 years from the policy's inception. The policy can also be surrendered after 3 years, although no bonus is paid if surrendered before 5 years.

If either the husband or wife passes away, the surviving spouse receives the full sum assured and all accumulated bonuses.

Why is the Couple Security Plan special?
Protection for both husband and wife under a single policy, low premiums, government guarantee, attractive bonuses, and a loan facility – all these features make the Couple Security Plan exceptionally special. It's an excellent option for couples who want simple, reliable, and long-term financial planning. This plan provides both husband and wife with the security of a protected future together.

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