The name of this scheme is Postal Life Insurance. You can double the money by investing in this scheme and it is the oldest government insurance scheme. Let us tell you how you can apply in it. In this scheme, the policyholder gets a facility of up to 50 lakhs. People in the age group of 19 years to 55 years can invest in this.

You also get bonus in this. Along with this, the minimum sum assured of Rs 20,000 and maximum Rs 50 lakh is available. If the policyholder dies in the middle of this scheme, then all the money is given to the nominee.

In this, if the policyholder keeps the policy continuously for 4 years, then the loan facility is also given to the policyholder. If you want to discontinue the policy then you can get it done after 3 years, but if you discontinue before 5 years then you will not get the benefit of bonus. The benefit of this policy is available at the age of 80 years because you get the facility of assured amount insurance only at the age of 80 years.

You can apply for life insurance by going to the link (https://pli.indiapost.gov.in). If in this seed, after the death of the policyholder, all the money will be given to the nominee.

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