Types of PLI Policies:

1. Whole Life Assurance: Offers coverage for your lifetime, with a lump sum + bonus at maturity.
2. Endowment Assurance: Provides a payout after a fixed term, combining savings and insurance.

Eligibility, Premiums, and Benefits:

• Eligibility: Government employees, professionals, and residents of rural areas can enroll.
• Premiums: More affordable compared to private insurance policies.
• Benefits:
  • High returns with low premiums.
  • Tax savings under Section 80C