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…

Read More

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…

Read More