Postal Life Insurance (PLI) continues to offer comprehensive long-term financial protection to citizens, providing a range of insurance schemes tailored to diverse life stages and needs. The organisation’s portfolio includes Whole Life Assurance, Endowment Assurance, Education Endowment Assurance, and Marriage Endowment Assurance, each designed to ensure financial stability for policyholders and their families.
Whole Life Assurance is available for individuals aged 19 to 55 and remains effective throughout the policyholder’s lifetime. Premiums increase with age, reflecting the rising risk of longevity. For instance, a 30-year-old policyholder might pay 3.30 Taka per 1,000 Taka sum assured for a 50-year policy and 2.40 Taka for a 70-year policy.
Endowment Assurance covers a specific period, offering both death protection and maturity benefits at the end of the term. Premiums are determined by age and the length of the policy term. A 30-year-old policyholder could pay 17.50 Taka for a 10-year term or 3.40 Taka for a 40-year term, demonstrating the cost efficiency of longer-term plans.
Education Endowment Assurance and Marriage Endowment Assurance provide targeted financial support for educational and marital expenses, respectively. Premiums are calculated based on age and policy duration. For example, a 20-year-old may pay 5.60 Taka for a 5-year policy and 2.75 Taka for a 20-year policy, allowing families to plan strategically for key life milestones.
Additionally, Term Insurance is available for citizens aged 19 to 55, offering coverage in the event of premature death and providing maturity benefits if the policyholder survives the term. A 30-year-old fisherman, for instance, may pay 4.25 Taka for a 10-year term or 3.50 Taka for a 15-year term.
These policies collectively aim to provide robust financial security throughout life, supporting individuals from early adulthood through retirement and beyond.
Sample Premium Rates (per 1,000 Taka Sum Assured)
| Plan Type | Age | Term (Years) | Premium (Taka) |
|---|---|---|---|
| Whole Life Assurance | 30 | 50 | 3.30 |
| Whole Life Assurance | 30 | 70 | 2.40 |
| Endowment Assurance | 30 | 10 | 17.50 |
| Endowment Assurance | 30 | 40 | 3.40 |
| Education/Marriage Endowment | 20 | 5 | 5.60 |
| Education/Marriage Endowment | 20 | 20 | 2.75 |
| Term Insurance | 30 | 10 | 4.25 |
| Term Insurance | 30 | 15 | 3.50 |
Through these offerings, Postal Life Insurance reinforces its commitment to safeguarding citizens’ financial futures at every stage of life.