ABOUT POSTAL LIFE

The brainchild of the Ministry of Finance, Postal Life Insurance or PLI was established in the subcontinent during the British Raj in 1884. However, now the company has branched out and is selling and marketing various products and services. PLI is exempt from income and corporate taxes and has branches in rural areas as well. The strong distribution network gives it an edge over its competitors.

Best Insurance Plans Guaranteed

Great endowment - life insurance

Highest Bonus Rates

The best bonus rates in the industry, guaranteed.

Whole Life Insurance

Lowest Premium Rates

Unbeatable and affordable premium rates with high coverage options.

Fast Claims

Convenient Payment Options

Pay through multiple channels including through post, salary deduction, and bank payments.

Online Portal

Loan Availability

Draw a loan against your policy and pay back with ease.

Withdrawal Plans

Three Payment Plans

Get your cash value or sum assured in three installments over the life of your policy. 

Additional Riders

Joint Life Policies

Affordable policies that cover you and your partner/colleague/children.

Plans For Your Children

Child Insurance by Get Insurance Pakistan

College Education Funds 

Take care of your child’s educational needs and expenses.

Marriage Savings Funds

Full-coverage marriage saving plans to cover all wedding expenses incurred.

Death Coverage

Comprehensive death coverage so you leave a healthy, thriving and financially protected family behind.

High-Value Protection Plans

Affordable and Flexible Premiums

Pay an affordable premium for full-time coverage. 

Long-term Savings Plans

Long-term investment for exceptional returns over time.

Investment Topups

Double your investments anytime by allocating more funds to your policy.

whole life plans

Family Takaful Plans

Takaful Insurance Plans

Coverage for Major Financial Goals

Comprehensive coverage for the big milestones in your life 

Single Contribution Options

Pay a single premium to gain insurance benefits for life. 

No Tax Cuts 

No tax payment required on returns. 

How Do Postal Life Policies Work?

Most Postal Life Policies use the universal life and endowment method to calculate and divide your returns. This means your premium is allocated to two components. (1) The protection component and (2) the savings component. Want to understand what happens if your policy matures? Here’s how it works.

1.

The company collects all your data (including assets, health score, income bracket, loans, medical history, etc) to give you a premium value based on the sum assured you’ve declared.

2.

Once you start paying the premiums they’re allocated to two separate accounts. Protection account is for death, accidents and health coverage while the savings account is used to invest in the company’s funds and the profits accrue in the savings account as your policy matures.

3.

With each passing year, your savings account grows bigger (receiving more premium allocation) and you start receiving reports on the growth.

4.

Your policy reaches a certain number of years. Now your policy is maturing, and accumulating profits and bonuses based on the age of the policy. The older it grows, the more profitable it becomes.

5.

For policies that come with surrender value, you can choose to withdraw your sum assured after x number of years (generally 2-3+ years).

6.

Congratulations! Your policy has matured. If you’ve successfully reached the end of your policy, you’ll receive a sum assured, accrued profits and bonuses (based on the policies you’ve chosen).

Available Benefits with these policies

  • Waiver of premium: this means if you suffer a disability during the tenure of your policy and have lost your source of income, the company will pay your premiums until the policy matures or until you reach a certain age. 
  • Death Benefit: If you die in the middle of your policy, or in certain cases after it ends, your beneficiaries will receive a certain sum assured. 
  • Inflation Safety: Your premium and sum assured amounts are increased every year to combat inflation. 
  • Withdrawals: You can also withdraw money from your funds. Usually, the companies set a limit of the amount and the times you can withdraw the amount. These withdrawals also reduce your cash value back.
  • Surrender Value: You can quit investing in your premium/policies after having paid your premiums for 3 or 3+ years (can vary from company to company), get an evaluation of your cash value worth and then get the money if you don’t feel like proceeding, need the money urgently or do not have enough money to pay your premiums anymore.