PLI/RPLI Surrender Factor Value Table / Chart
PLI/RPLI Surrender Factor Value Table /Chart
Category: PLI/RPLI Surrender Claim
PLI/RPLI Surrender Claim
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How to Calculate Paidup Value and Surrender Value in PLI / RPLI – Postal Life Insurance
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…
Which PLI / RPLI Policy Can not be Surrendered
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…
Which PLI / RPLI Policy Can be Surrendered
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…
Standard Operating Procedure (SOP) for Handling of Surrender Claim Cases in PLI/RPLI – Dated 05.09.2023
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…