Welcome To Odisha Postal Circle

                 Postal Life Insurance Scheme-(SUMANGAL)
An anticipated Endowment Assurance which is also known money Back Policy.
  •  Insurance cover starts from the date of acceptance of the proposal
  • Survival benefits is paid to the insurant periodically (such payments will not be taken into consideration in the event of unexpected death of the insurant and the full sum assured with accured bonus is payable to the assignee,nominee or legal heir)
  • Two type of policies i.e. 15 year term and 20 year term.
  1. In case of 15 years term policy the minimum Age at entry is 19 years and maximum Age at entry is 45 years.
  2. In case of 20 years term policy, the minimum Age at entry is19 years and maximum Age at entry is 40 years.
  • Maximum sum Asuured is INR 5 lakhs.
  • No loan facility.
  • No surrender value is payable.
  • Assignment facility is available.
  • Nomination facility available.
  • Survival benefit is payable as under:

              15 years 20 years

  • at the end of 6 years               8 years                 20% of sum assured
  • at the end of 9 years               12 years                20% of sum assured
  • at the end of 12 years              16 years                20% of sum assured
  • at the end of 15 years               20 years                40% of sum assured with bonus.

                  Best suited if you need periodical Returns.