PLI/RPLI Rules /Circulars
Procedure to pay Postal Life Insurance (PLI) Premium Online PLI Porta l: https://pli.indiapost.gov.in/CustomerPortal/PSLogin.action 1. Step 1 (At Post Office) Mobile Number and Email ID should be added to your Policy. This will be done at Post Offices. 2. Step 2 (By Customer) Follow the below Procedure to pay premium online after mapped Mobile Number…
No. 65-02/2023-LI Govt. of India Ministry of Communications Department of Posts Directorate of Postal Life Insurance Chanakyapuri PO Complex, New Delhi-110 021. Dated 22.09.2023 To All Heads of Circle Subject: Clarification / guidelines regarding deduction of TDS on payment of PLI/RPLI policies, as applicable, under section 194DA of IT Act 1961.reg. Kindly refer to this…
Suicide Cases: In the event of an insured person committing suicide any time after the date of acceptance of the policy (whether sane or insane at that time) and after having paid his first premium in full but not after expiry of two years from such date of acceptance or payment of first premium whichever…
Settlement of death claim cases of murder of the insured committed by the nominee(s) or any legal representative(s) If the policy holder is murdered by any of the legal representative/ nominee(s), the policy money shall not be paid to the murderer even if he/she is acquitted by the competent court of law by giving him/…
If an insured person resigns or retires or is dismissed from the service of Government, his policy holds good so long as the premium due are regularly paid by him on the first day of the month or within the period of grace at any Post office or make online payment of premium on the…
The following persons are eligible to the benefits of the Post Office Life Insurance fund provided their age is not less than 19 years and not more than 55 years on the next birth day on the date of proposal, except in case of Anticipated Endowment Assurance, Joint Life and Children policy for which the…
PLI/RPLI Surrender Factor Value Table /Chart
Surrender value is calculated on reduced sum assured/paid up value. Paid up value = No of premium paid/total number of premium payable x sum assured. Just For Example :- Sum Assured – Rs.500000/- , Premium – Rs.1545/- Age at Entry – 35 Years , Maturity Age at – 60 Years , Premium Paid From…
Policies that cannot be surrendered: Anticipated Endowment Assurance (Sumangal and Gram Sumangal), 10-year RPLI Anticipated Endowment Assurance (Gram Priya) and Children Policy (Bal Jeevan Bima and Gram Bal Jeevan Bima). Other Conditions A policy can be surrendered only in which at least 36 premiums have been paid and the policy has completed a minimum duration…
Policies that can be surrendered: Whole Life Assurance (Suraksha and Gram Suraksha), Endowment Assurance (Santosh and Gram Santosh), Convertible Whole Life Assurance (Suvidha and Gram Suvidha) and PLI Joint Life Assurance (Yugal Suraksha). Other Conditions A policy can be surrendered only in which at least 36 premiums have been paid and the policy has completed…
F.No.25-02/2023-LI Ministry of Communications Department of Posts (Directorate of Postal Life Insurance). Chanakyapuri P.O. Complex New Delhi-110021 Dated: 05.09.2023 OFFICE MEMORANDUM Sub: Standard Operating Procedure (SOP) for handling of Surrender Claim Cases in PLI/RPLI. This is regarding issue of Standard Operating Procedure (SOP) for handling of Surrender Claim Cases of PLI/RPLI. 2. In order…
PLI RPLI Policies TDS Deduction @5% rate on Maturity Payment of exceeding Rs 1 Lakh
Settlement of PLI/RPLI Claims and Other Service Requests by CPCs Other then the Parent CPC
Regarding Restrictions on Cancellation of Receipt and Actual Amount Field in Collection Screen
