Money-back insurance with the highest insured value of 50 lakhs is known as anticipated endowment assurance PLI. It is highly suitable for those who require recurring pay-outs. The policyholder receives the survival rewards regularly. In the event of the claimant’s untimely demise, the whole sum promised, including accumulated bonuses, is delivered to the recipients or eligible heirs.

The scheme has a duration of about 15 to 20 years. The entrance age is determined by the period you select. For the 15 years police, the minimum age required is 19 years and maximum age required is 45 years, whereas for the 20 years policy, the minimum age required is 19 years, and the maximum age required is 40 years.


  • Section 88 of the IT Law allows insurers to benefit from tax advantages.
  • PLI plans are substantially less expensive than any other type of insurance policy on the market.
  • Insurers can use the passbook feature to keep track of routine transactions (for loans).
  • Payments can be made once a year, twice a year, or once a month.
  • Policyholders can designate their heirs under this insurance.
  • Because the PLI platform appears to be well-organized, the claiming procedure is easy and quick.
  • If a policyholder pays their premiums in advance for a 6-month insurance period, they will receive a 1 percent premium return.
  • If a policyholder pays their premiums in advance for a 12-month insurance period, they will receive a 2 percent premium return.


Employees of the organizations mentioned below are eligible to buy PLI anticipated endowment assurance.

  • Those working in any co-operative society which is recognized by the authorities under the society’s registration act. The central or state government may partially or entirely sponsor these, the reserve bank of India, nationalized banks such as NABARD and SBI, and so on.
  • Those who work at academic establishments have been certified by any recognized authorities like the AICTE, the NAAC, the MCI, etc.
  • Additional divisional officers in the postal service
  • The staff of every banking institution listed on the schedule
  • Independent bodies
  • Those employed on a term agreement in the state or central government, with the possibility of extension.
  • Local organizations
  • Banks that have been nationalized
  • Financial institutions
  • Schools and colleges supported by the government
  • Enterprises in the government sector
  • The reserve bank of India (RBI)
  • Military officers
  • State government
  • The central government
  • Armed forces

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