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Postal Life Insurance for Physically Handicapped

Very few people know that Postal Life Insurance (PLI) is the oldest insurer in India, offering affordable and uncomplicated policies. Among their various social welfare products are life insurance plans tailored for physically disabled individuals. However, they have to undergo a medical examination to assess their physical impairment and resultant mortality. The premiums are fixed based on the outcome of the medical assessment. Let us take a closer look at the products.

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Types of PLI for the Physically Challenged People

The PLI policies are designed for physically challenged individuals, and the names are suggestive of the plan features. Accordingly, we have:

  • Endowment Assurance (Santosh): The maturity value comprises the sum assured and the accrued bonuses.

  • Whole Life Insurance (Suraksha): The maturity payout is the sum assured plus the accrued bonuses. 

  • Convertible Whole Life Insurance (Suvidha): It suits the taxpayer manage finances.

  • Anticipated Endowment Assurance (Sumangal): It is a money-back policy for periodic payouts.

  • Joint Life Endowment Assurance (Yugal Suraksha):  The plan jointly covers both the insured and spouse. 

PLI Key Features for the Physically Challenged People:

The PLI is government-backed and provides guaranteed returns and high bonuses that are highly beneficial for physically challenged individuals. 

Postal Life Insurance for the Physically Challenged 
Entry Age Minimum: 19 years Maximum: 55 years. 40 years for Anticipated Endowment Assurance (Sumangal)
Tenure The maximum tenure is 20 years
Sum Assured  Minimum: Rs.20000 Maximum: Rs.50 Lac. Rs.5 Lac for Anticipated Endowment Assurance (Sumangal)
Premium Based on the sum assured, entry age, and the extent of handicap
Surrender The policy can be surrendered but is based on individual schemes
Loan The schemes offer loan facilities specific to individual plans

Who is Eligible for the PLI for the Physically Challenged People?

The primary criterion for purchasing a plan under the scheme is that you must be a physically challenged individual. The qualifying physical impairment comprises the following. 

  • Deafness

  • Visual Impairment

  • Dumbness’

  • Loss of Limbs

  • Paralysis or Polio affected deformity

  • Hunchback 

  • Midgets

  • Orthopedic handicap

  • Non-neurological origin deformity

Medical Examination to Purchase PLI for the Physically Challenged People

One of the critical features of the PLI for the physically challenged is the customized premium based on the extent of physical impairment. Thus, the purchaser must undergo an examination in a government-authorized medical facility. The test is designed to assess the following:

  • The cause for the handicap, whether congenital or acquired.

  • The impact of the disability on the individual’s mortality.

  • The individual is also assessed for the extent of the disability quantified in a percentage.

  • If the impairment is life-threatening with increasing risk, the proponent’s application can be rejected. 

Benefits of the PLI for the Physically Challenged People

The death benefit payable to the beneficiary due to the policyholder’s demise before maturity is based on the following:

  • Death Within One Year: The death benefit is 35% of the sum assured plus the accumulated bonuses.

  • Death Between One and Two Years: The benefit is 60% of the sum assured plus the bonuses.

  • Death Between Two and Three Years: The benefit paid is 90% of the sum assured plus the bonuses.

  • Death After Three Years: The beneficiary receives the sum assured in full along with the accumulated bonuses. 

In Conclusion

PLI for the physically challenged is primarily a welfare scheme designed for the physically challenged individual that is affordable and eminently viable. In addition, it is customized to the individual’s financial needs in the slew of plans in every flavor, making them a compelling package.


  • Who manages the Postal Life Insurance scheme?

    A: The name itself suggests that the Post Office manages and delivers the PLI scheme backed by the government.
  • Who are the primary targets for the PLI?

    A: The State and Central government employees, including the armed forces, are the primary targets of PLI.
  • How much is the eligible vintage for availing loan against the PLI policy?

    A: It depends on the individual policy after completing three to five years.

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