PLI Joint Life Assurance (Yugal Suraksha) Calculator

What is PLI Joint Life Assurance (Yugal Suraksha)?

PLI Yugal Suraksha is a Joint Life Endowment Assurance policy in which at least one spouse must be eligible for PLI policies. It provides life cover to both spouses up to the Sum Assured with accrued bonus under a single premium — making it a cost-effective solution for couples.

• Policy Term: Minimum 5 years, Maximum 20 years.
• 15 yr & 20 yr terms offer lower premiums with better long-term returns.
• Bonus Rate: ₹52 per ₹1,000 Sum Assured per year (last declared).
• Loan / Surrender: Facility available after 3 years of continuous premium payment.
• Death Benefit: Full Sum Assured + accrued bonus paid to the surviving spouse on death of either policyholder.

Eligibility Criteria for PLI Yugal Suraksha

At least one spouse must be a central/state government employee or work in an eligible organisation.

Key Features of PLI Yugal Suraksha

• Single Premium: Both spouses are covered under one joint premium, simplifying finances.
• Death Benefit: On death of either spouse, the full SA + bonus goes to the survivor — survival benefits are NOT deducted from the death claim.
• Maturity: On policy maturity, the Sum Assured + all accrued bonus is paid to both policyholders.
• Loan Facility: Take a loan against your policy after 3 years of premium payment.
• Surrender Value: Paid-up value available after 3 years.
• Tax Benefit: Premium eligible for deduction under Section 80C of the Income Tax Act.
• No bonus before 5 years: Surrender before completing 5 years forfeits the accrued bonus.

Documents Required

• Proposal Form: Official joint application form, filled and signed by both spouses.
• Age Proof (Both): Birth Certificate, 10th Marksheet, or Passport.
• Identity & Address Proof: Aadhaar Card, Voter ID, or Driving License.
• Employment Proof: Service/employment certificate of the eligible spouse.
• Marriage Certificate: To establish the joint life relationship.