Yugal Suraksha PLI Scheme

Yugal Suraksha PLI Scheme is a joint life insurance scheme offered by the oldest life insurer in India, Postal Life Insurance. This life insurance scheme can be availed of by employees of the State and Central Government, respective public sector undertakings (PSU), etc. Of the six postal life insurance schemes, Yugal Suraksha is the only one that offers the provision for joint life cover.

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About Yugal Suraksha PLI Scheme

Yugal Suraksha is a joint life endowment-based term life insurance policy. It is offered by Postal Life Insurance to extend life insurance coverage to the spouses of the policyholders as well. On the death of either of the insured spouses, the death benefit amount is paid out, subject to the sum assured, to the assigned beneficiaries. This couple life insurance scheme can be availed by employees of the State and Central Government, defence service, among others. 

Yugal Suraksha Postal Life Insurance Plan Details

The following sections discuss the important details of the Yugal Suraksha couple life insurance scheme.

  1. Key Features of Yugal Suraksha

    • Yugal Suraksha PLI policyholders can avail of a minimum cover of Rs. 20,000 and a maximum cover of Rs. 50 Lakhs. 

    • The entry age of either spouse should be in the range of 21 years to 45 years. 

    • The policy can be surrendered only after 3 years from the date of issue on the payment of the entire corresponding premium amount.

    • Loans can be availed under this PLI scheme on acquiring surrender value, which is after a period of 3 years from the date of policy issuance. 

    • The bonus amount accrues at the rate of Rs. 52 per Rs. 1,000 sum assured and is payable along with the death benefit amount. 

    • Note that the insurer is not liable to pay the bonus should the policyholder surrender the life cover before the completion of 5 years. 

    • This joint life insurance scheme features a single premium payment provision to avail of coverage. 

    • Premiums for the Yugal Suraksha policy can be paid through any registered post office in the country. Online modes of payment through India Post’s website is also available. 

  2. Eligibility Criteria of Yugal Suraksha PLI Scheme

    Criteria Minimum Maximum
    Entry Age 21 years 45 years
    Policy Term 5 years 20 years
    Sum Assured Rs. 20,000 Rs. 50 Lakhs
    Premium Payment Single Pay
    Eligible Applicants Yugal Suraksha is a postal life insurance scheme for government employees. Employees of the following types of organizations are applicable for purchase:
    • State Government
    • Central Government
    • State and Central Government PSUs
    • Defence Services
    • Paramilitary Forces
    • Reserve Bank of India
    • Nationalized Banks
    • Commercial Banks
    • Financial Institutions
    • Postal Department
    • NAAC accredited education institutions
    • Co-operative Societies
  3. Yugal Suraksha Policy Benefits

    Since it is a pure risk term life insurance plan, Yugal Suraksha only offers death benefit on the untimely demise of either of the lives covered under the policy. Apart from the death benefit, policyholders are eligible for additional benefits in the form of accrued bonuses, surrender benefits, and tax benefits. Let’s look at each of these benefits in detail.

    • Death Benefit - Postal Life Insurance is liable to pay out the sum assured on death if the policyholder dies within the policy period. A single premium amount proportionate to the risk of coverage assumed by the insurer shall be charged from the policyholder. 

    • Maturity Benefit - No maturity benefits shall be payable at the end of the policy term if both the policyholders survive the date of maturity of the joint-life cover under Yugal Suraksha.

    • Surrender Benefit - Surrender value shall be payable to the policyholder if they choose to surrender the policy within the policy term. However, the policy can only be surrendered after 3 years from the date of risk commencement and on the payment of proportionate premiums. 

    • Loan Benefit - Policyholders of the Yugal Suraksha PLI scheme can avail of loan facilities on acquiring surrender value after 3 years of the policy being in force. 

    • Bonus - The last bonus rate declared was Rs. 52 per 1000 sum assured. The total accrued bonus amount is payable along with the death benefit or the surrender benefit. However, if the policy is surrendered before the completion of 5 policy years, the bonus amount shall not ply. 

    • Tax Benefit - Policyholders are eligible to apply for tax exemption up to Rs. 46,800 under Section 80C and Section 10(10D) of the Income Tax Act of 1961

    Note: Tax benefit is subject to changes in the tax laws.

Yugal Suraksha PLI Premium and Maturity Calculator

You can use the postal life insurance premium calculator to estimate the premiums payable against the sum assured. It is a convenient tool that offers fast and accurate results. Factors taken into consideration by the Yugal Suraksha PLI premium and maturity calculator are as follows:

  • Age - Age directly has an impact on the premiums charged. The older the policyholder, the more shall be the premiums for health risks grow with age and, therefore, the risk assumed by the insurer.

  • Income - The PLI premium calculator also factors in the income of the policyholder to determine if the coverage is at all affordable by him/her. 

  • Sum Assured - The higher the sum assured on death, the higher will be the premiums calculated. 

One should make use of the Yugal Suraksha premium calculator to get an estimate of the premiums against the sum assured chosen. Please note that the results are indicative and should not be construed as the actual premium figure. Further, since the bonus amounts tend to vary, the exact benefit amount cannot be calculated. However, based on the current bonus rate declared, one can easily calculate the total amount of the death benefit themselves. 


  • What are the types of PLI policies available for government employees?

    A. Government employees can purchase any of the following policies:
    • Whole Life Assurance Policy (Suraksha)
    • Anticipated Endowment Assurance (Sumangal)
    • Convertible Whole Life Assurance (Suvidha)
    • Joint Life Assurance (Yugal Suraksha)
    • Endowment Assurance (Santosh)
    • Children Policy (Bal Jeevan Bima)
  • Can I get life cover for my new-married wife under my postal life insurance policy?

    A. If you want to add your wife to your life cover, you can do so with the Yugal Suraksha PLI Scheme. This is a joint life insurance scheme and pays out the assured benefits on the death of either spouse. 
  • How is the premium for Yugal Suraksha calculated?

    A. The premiums depend on the number of lives covered under the policy, sum assured, age, policy term, your income, etc. To get an estimate on the same, you can use the Yugal Suraksha PLI Premium and Maturity Calculator available online. 
  • Can I pay monthly premiums for life cover under Yugal Suraksha?

    A. No, Yugal Suraksha offers a single premium payment policy. 
  • Can I buy the Yugal Suraksha policy at the post office?

    A. Yes, you can buy the Yugal Suraksha policy at the post office by visiting their branch or online through the website of India Post. Premiums for the policy can also be paid at the post office.
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