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PLI Life Insurance

Postal Life Insurance is one of the earliest insurance schemes of our country to have been launched in India. The most striking feature of a PLI scheme is that it fetches high returns (with bonus) for itsthis scheme policy holder get extremly low premium get under this scheme.” we provide you more information regarding this scheme like which documents required for this scheme, how can you take benefit from this scheme, how can you apply, we provide you link of this sheme below so you can apply easilly here. all details given under this article read this article till the end and share with your friends.

What is Postal Life Insurance?

  •  Postal Life Insurance Scheme offers life insurance coverage give you with high return coverage. The maximum money given from this scheme 50 lakh. this policy givenby indian government and State Public Sector Enterprises, Central, and State Governments, Government Aided Educational Institutions, Universities; Government aided Educational Institutions, Autonomous Bodies Local Bodies, Cooperatives Societies, Joint Ventures having a minimum of 10% Government/ PSU stake, etc. A group insurance scheme is also managed by Postal Life Insurance, which is for “Gramin Dak Sevaks,” i.e., Extra Departmental Employees of the Department of Posts. you will taken maximum 50 lakh from this scheme.

Features of Postal Life Insurance Policy

A policy holder get taken benefit from this scheme. mention below
  • Nomination facility: The policyholder can nominate his/her beneficiary list, he also can make changes to the nomination.
  • Loan facility: loan facility was avalible from this scheme. The policyholder can pledge his/her policy as a collateral to the Heads of the Region/ Circle on behalf of the President of India, once the policy has attained three years maturity in case of an Endowment Assurance policy and four years when policy period was has been complet then benificiary was taken whole life insurance from this scheme. Assignment facilities are also available under this scheme.
  • Policy Revival: A policyholder can revive a lapsed policy. The policy can be revived when policy has lapsed under the following conditions 
  • Duplicate Policy Document: if policy holder was lost there original documents then he/she provide duplicate documents. This also applies to the case where the original policy document is mutilated, burned or torn and the insured wants a duplicate of the same.
  • Conversion of Policy: this PLI policy also converted as a whole life insurance An Endowment Assurance Policy can be converted to another Endowment Assurance plan as per the regulations and guidelines laid down by the insurer. then benificiary was taken benefit from this scheme.
Important Link

Life Insurance Details: View Insurance Here

PLI Insurance Apply : Apply Here

For more information : Click here

PLI Life Insurance Eligibility
  • Extra Departmental Agents in Department of Posts
  • Those employed in educational institutes that are accredited by recognized bodies such as All India Council of Technical Education, National Assessment and Accreditation Council, Medical Council of India etc.
  • Nationalized Banks
  • Financial Institutions
  • Autonomous Bodies
  • Reserve Bank of India (RBI)
  • Government-aided Educational Institutions
  • Public Sector Undertakings
  • Defense Services
  • Employees of all scheduled Commercial Banks
  • Extra Departmental Agents in Department of Posts
  • Those employed in educational institutes that are accredited by recognized bodies such as All India Council of Technical Education, National Assessment and Accreditation Council, Medical Council of India etc.
  • Government-aided Educational Institutions
  • Public Sector Undertakings
  • Para Military Forces
  • Central Government
  • Para Military forces
  • Local Bodies
  • Nationalized Banks
  • Financial Institutions
  • Autonomous Bodies
  • Those appointed by the Central/ State Government on a contract basis, where the contract can be extended.
  • Those employed in Credit Co-operative Societies and other Co-operative Societies registered with Government under the Co-operative Societies Act. These can be partly or fully funded by State Government, Central Government, Nationalized Banks, State Bank of India (SBI), RBI, National Bank for Agricultural and Rural Development (NABARD), etc.
PLI Premium Table


PLI Life Insurance Advantages of Postal Life Insurance Policies
  • Type of Insurance Policy       Rate of Bonus
  • Endowment Assurance (EA)     Rs. 50 per Rs. 1000 of the sum assured
  • Whole Life Assurance (WLA)     Rs. 65 per Rs. 1000 of the sum assured
  • Convertible Whole Life Policies Whole life bonus rate is applicable. However, on conversion, the applicable rate will be equal to the endowment bonus rate. in this scheme.
  • Anticipated Endowment Assurance Rs. 47 per Rs. 1000 of the sum assured
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