What is PLI Non Medical Policy

•  She/he should be eligible for Postal Life Insurance under Post Office Life Insurance Rules, 2011.
•  If applying for a Life Assurance Policy either under Non a medical or Medical Scheme and his/ her proposal has not been rejected by PLI, may apply for a Non-Medical Policy not exceeding `5,00,000/- (` Five Lakh) together with any other Non-Medical policy/policies which the insurant may hold or proposes to hold under the this PLI/RPLI Non-Medical Scheme.
•  No need for any medication for the Sum Assured up to Rs.500,000 lakh.
• The total sum assured shall not exceed `50,00,000/- (` fifty Lakhs) together with any Non-Medical or/and Medical policy/policies which the proposer may hold or proposes to hold.
• The medical history of the proponent should not reveal any adverse features, and the proponent is medically fit at the time of proposal had not suffered from any chronic disease, and was hospitalized during the two years before the date of proposal for PLI or RPLI.
• Only Endowment Assurance (EA) i.e Santosh Policies will be issued under this scheme.
• Further, a PLI policy up to Rs. 2,00,000/- (Rs. Two lakh) of the sum assured will be a non-medical policy irrespective of the age limit of the proposer if he/she wishes to apply for the same.

What is RPLI’s Non-Medical policy?

• Under the Non-Medical Scheme of RPLI any person, whose age on the next birthday does not exceed 35 years may apply.
• She/He should be eligible for Rural Postal Life Insurance, with the exclusion of handicapped persons
• If she/he had applied for a Life Assurance Policy either under Non- medical or Medical Scheme and had not been rejected by PLI, may apply for a Non-Medical Policy in RPLI not exceeding `1,00,000/- (` One lakh only) together with any other Non-Medical policy/policies which the proposer may hold or proposes to hold under the said Non-Medical Scheme.
• The total sum assured shall not exceed `10,00,000/- (` ten Lakhs) together with any Non-Medical or/and medical policy/policies which the proposer may hold or proposes to hold.
• The medical history of the proponent should not reveal any adverse features is medically fit at the time of proposal had not suffered from any chronic disease and was hospitalized during the 2yrs before the date of proposal. Only Endowment Assurance Policies will be issued under this scheme.
• Further, the maximum limit in respect of non-medical RPLI policy/ies, taking the total sum assured together under all plans shall not exceed Rs 25,000/- (`twenty-five thousand only) irrespective of age.
• The maximum aggregated sum assured limit of non-medical RPLI policy/ies with non-standard age proof will remain `25,000/- (` twenty-five thousand only).

Benefits of PLI Non-medical policy:-

• Normally for the purchase of a non-medical policy in PLI or RPLI, as per the prescribed age and Sum Assured ., there is no need for any medical.
• Premium will remain the same for medical and non-medical policies.
• There is no higher premium for non-medical policy.
• Early processing of non-medical policy.
• Claim settlement in PLI Non-medical policy:-
• The disadvantage of the non-medical policy is claim settlement with a specific percentage in case of death of policy holder within 36 months of acceptance of the  PLI Policy under the non-medical category.
• In  case any claim under the Non-Medical Policy before maturity and the total sum assured as per the said policy, such claim shall be restricted to the following amounts: –

1.  If the death occurs within one year from the acceptance of the proposal, thirty-five percent of the sum assured, plus the accrued bonus, is provided.
2.  If the death occurs within two years, but after the first year, sixty percent of the sum assured, plus the accrued bonus, is provided.
3. If the death occurs within three years, but after the second year, ninety percent of the sum assured, plus accrued bonus, is provided.
4. If the death occurs after three years from the acceptance of the proposal, the full sum assured, plus accrued bonus, is provided.