What is the PLI Whole Life Assurance (Suraksha) Plan?
The Whole Life Assurance (Suraksha) Plan is one of the oldest and most trusted life insurance options offered by Postal Life Insurance (PLI). As the name suggests, it provides coverage for your entire life, up to the age of 80. If you survive until the age of 80, you receive the sum assured plus accrued bonus. If you pass away before that, your nominee gets the full payout.
This plan is specially designed for government employees and other eligible individuals who want a low-risk, long-term insurance plan that also serves as a savings instrument. Unlike temporary or short-term plans, the Suraksha plan offers life-long peace of mind, knowing your family is financially protected no matter when an unfortunate event occurs.
You can also use our PLI Suraksha Calculator to calculate your premiums, bonuses, and maturity benefits in seconds.
Why Choose the PLI Suraksha (Whole Life Assurance) Plan?
The Suraksha Plan is not just about insurance; it’s about long-term financial planning and family security. Here are some key reasons why you should consider this policy:
- Lifetime Protection: The policy continues until you turn 80. Your family remains covered throughout.
- Guaranteed Returns: A fixed sum assured plus annual bonuses are paid at maturity or death.
- Affordable Premiums: Premiums are lower than most private insurers for similar coverage.
- Bonus Benefit: Annual bonus declared by PLI increases your maturity amount significantly. As of the latest update, the bonus is ₹76 per ₹1,000 sum assured annually.
- Loan Facility: You can take a loan against your policy after 4 years.
- Surrender Option: You can surrender the policy after 3 years if you need to discontinue.
- Conversion Option: You can convert the plan into an Endowment Assurance policy anytime before the age of 59.
- Tax Benefits: Premiums are eligible for deduction under Section 80C, and maturity proceeds are exempt under Section 10(10D) of the Income Tax Act.
All these benefits make the Suraksha Plan a stable and secure investment for your family's future.
How to Use the PLI Suraksha Calculator
Calculating your premiums and benefits manually can be difficult. That's why we have developed an easy-to-use PLI Whole Life Assurance Calculator. Here's how you can use it:
- Enter your Date of Birth – This helps calculate your current age for premium calculation.
- Enter the Sum Assured – You can select any amount between ₹20,000 and ₹50 lakh.
- Click on "Calculate Premium" – The tool will instantly show your monthly, quarterly, half-yearly, and yearly premium options.
- Check Bonus and Maturity – You’ll also see the expected bonus, maturity value, and total amount you will receive at the age of 80.
This calculator gives you a clear breakdown of the total premium paid over time versus the maturity value—helping you make a confident and informed decision.
Key Features of the Suraksha Plan
- Eligibility: Entry age is between 19 and 55 years.
- Sum Assured: ₹20,000 to ₹50 lakh (in multiples of ₹1,000).
- Maturity Age: The policy matures when you reach 80 years.
- Loan Eligibility: Available after 4 policy years.
- Surrender: Allowed after 3 policy years with a reduced benefit.
- Conversion: Option to convert to Endowment Plan before age 59.
- Bonus: Declared annually; current rate is ₹76 per ₹1,000 sum assured (subject to change).
- Tax Savings: Premium qualifies for 80C; maturity benefit is tax-free under 10(10D).
Who Should Buy the PLI Suraksha Plan?
This policy is ideal for individuals who want to ensure . It is best suited for:
- Central and State Government employees
- Public sector (PSU) workers
- Defense personnel, teachers, and other eligible professionals
- Anyone seeking low-risk, long-term life insurance with guaranteed returns
If you're looking for a dependable policy that grows with time and doesn't expire in just 10–20 years, Suraksha is the perfect plan for you.
Conclusion
The PLI Whole Life Assurance (Suraksha) Plan is more than just an insurance policy — it’s a lifetime of assurance. With guaranteed benefits, regular bonuses, loan and surrender options, and affordable premiums, it’s a powerful tool for long-term family protection and savings.
To make the most of this plan, try our PLI Suraksha Calculator today. Get instant results, explore different sum assured options, and plan your policy with complete clarity.
Secure your future with a plan that stands the test of time — choose the PLI Suraksha Plan today.
Frequently Asked Questions (FAQ)
What is the Whole Life Assurance (Suraksha) Plan?
This is a life insurance policy that offers lifelong coverage, providing financial security to the policyholder and their family in case of the policyholder's death or upon reaching the age of 80 years.
How is the bonus paid?
Bonus is calculated annually at ₹76 per ₹1000 sum assured, and it is paid to the policyholder or their legal representatives at the time of claim.
Can I surrender the policy?
Yes, you can surrender the policy after 3 years, but the policy will not be eligible for bonus if surrendered before 5 years.
Can I convert this policy to an Endowment Assurance Policy?
Yes, the policy can be converted into an Endowment Assurance Policy until the age of 59 years, but the conversion cannot be made within one year of the cessation of premium payments or the maturity date.
What is the loan facility for this policy?
You can avail of a loan after 4 years of policy duration.