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…

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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…

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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…

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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…

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