With 1,54,939 branches across the country, india post has presence in the most remote areas of the country, offering a wide range of products and essential services, providing life cover is part of this mix of services provided by the department. Guide to postal life insurancepli plansbankbazaarinsurance. The objective of the rural postal life insurance rpli is to provide insurance cover to the rural public in general and to benefit weaker sections. In addition to offering individual life insurance policies, postal life insurance or pli also offers a group insurance scheme to cover additional departmental employees, working in the department of posts. Pli premium calculator rpli premium calculator surrender tips loan tips. Pli and rpli premium and maturity calculator complete guide 2019. The 10 years rural postal life insurance policy provides a life cover to those living in rural parts of the country exclusively. The office of personnel management administers the federal employees group life insurance fegli program.
The calculator shows the tariff for all categories premium calculator the department is offering various types of life insurance policies through postal life insurance and rural postal life insurance. Postal life insurance was introduced on 1st february, 1884. Postal life insurance scheme pli is one of the oldest insurance policies in india and was launched in the year 1884. I came across the product features while analysing the investments of one of my clients who was a government employee. If you are dissatisfied with the services provided by pli or with any aspect of the policy, you can file a. This type of life insurance is similar to the life insurance provided by lic. Postal life insurance pli policies were intended to provide affordable insurance coverage to the population of india.
By entering a few relevant details, the premium calculator tool will reflect the estimated premium amount that the policyholder will have to pay for the cover heshe requires. This scheme was established in the year 1884 and was designed to provide financial protection to government employees families in case they expire. What is the postal life insurance premium calculator. Postal life insurance policies detail as ls questi. A postal life insurance calculator essentially helps you calculate the total amount of premium that you will be required to pay towards the policy.
It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of. Insurance institute of india on request of postal life insurance shall assist the pli to design and conduct the training. If you are searching for the right life insurance to fit your needs, look no further. Postal life insurance policies not only provide death and maturity benefits but offer bonuses too. The calculator provides complete yearly, half yearly, quarterly, and monthly premium as per sum assured, age and term. Pli status how to check postal life insurance policy status. The facility of postal life insurance pli has been in existence in india since. The calculator provides premium with current goods and service tax gst rate applicable w. Postal life insurance is a convenient life insurance product offered to government and semigovernment employees which requires individuals to deposit premiums at a post office. Also, it provides information related to rules and benefits of postal life insurance. It has been almost years but then also the popularity has not been reduced and been increasing day by day. Premium payable on monthly basis and only up to the month of claim. You can calculate the amount of premium payable on your postal life insurance policy, by using the online calculator tool. Your age, financial capabilities, and other data will help you calculate the premium that you will be required to pay.
The convertible whole life insurance scheme from postal life insurance has the following features and requirements. Postal life insurance advantages, types, who is run this. E postal life insurance brochure download september 06, 2016 click below to download the above brochures. Postal life insurance premium calculator bankbazaar. Federal employee group life insurance for postal employees.
The bonus in terms of life insurance policies is the additional amount that the insurer will offer above the coverage amount of the policy. If you are new to life insurance policies, you might not know what the bonus rate of the policies means. Postal life insurance pli check plans and benefits online. It started as a welfare scheme for the benefit of postal employees and was later extended to the. All pli rpli customers are informed that they can now pay their premiums payable for march 2020, april 2020 and may 2020 without any penalty default fee upto extended time period till 30. The calculator generates results premium amount which is inclusive of the present gst rate. It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the telegraph department in 1888. Postal life insurance for government employees is exactly like any life insurance company get the data regarding details on achievement of policy of pli. Death claim form postal life insurance in fillable format. Postal life insurancepli for government employees for policy vist.
Postal life insurancepli plans bonus rates in india. Postal life insurance is essentially the firstever insurance company in india that offers policies with highly costeffective premium rates. Rural postal life insurance s gram priya policy is a short term, money back plan. If you are a full time employee you have life insurance through the postal service, known as federal employee group life insurance fegli. Postal federal employees group life insurance fegli. Pli is an exempted insurer under section 118 c of the insurance act of 1938. Postal life insurance for central government employees. The company came into origin on 1 february, 1884 and fell under the direct jurisdiction of the then colon. Postal life insurance, this article talks about the postal life insurance which is the oldest form of life insurance which is in force from 1884. Postal life insurance premium and maturity calculator lets you to calculate premium and maturity of pli endowment plan santosh.
Now that you know how to check your postal life insurance policy status online, lets get under the skin of pli and understand it a little better. Postal life insurance a good competition to lic policies. Postal life insurance check your status online offered. In addition, know about the benefits of the scheme, the type of policies one can avail and lots more. Joint life assurranc yugal suraksha surrender of pli and rpli policy. Postal life insurance is a scheme where you are offered life insurance cover with higher returns on the premium. For purchasing a policy any local assistant director postal life insurance could be contacted in pakistan.
You can reach out to pli by calling on their toll free numbers 1800 180 5232155232 for any enquiry pertaining to postal life insurance or rural postal life insurance. If u want to get good feedback then develop the app like lic. Best postal life insurance pli for government employees. The bonus included in maturity is taken as declared for past years and previous years bonus for. Calculate premium and maturity of pli santosh plan. Many employees elect to pay for additional coverage when they are hired on, assume it is a great benefit, and never look at it again. At present, pli offers over 43 lakh policies with varying benefits and features to. This gives postal life an enormous advantage over its business rivals and helps to offer a wide range of insurance policies to customers at the lowest premium while ensuring highest bonus on their investment. Claim form for maturity value of postal rural postal life insurance policy please fill in the columns in capital letters 1. How to pli calculate premium in hindi,pli calculator,postal life. Also, it provides information related to rules and benefits of postal. Postal life insurance offers life insurance cover with high returns on premium.
And i actually did not recommend him to surrender the policies after looking at the bonus rates and surrender value, following the same process which i use to analyse the lic policies. This can be used by general public for knowing details of postal life insurance. Postal life insurance premium calculator on purchasing a postal life insurance policy, you will have to choose an appropriate cover amount and the frequency at which you will pay the premiums. Once you have successfully registered with a user id and password, you can login and check the status of your postal life insurance plan through the portal. The bonus amount is provided to the nominee with the death benefit in case the life assured passes away, or is given to the policyholder along with the maturity benefit in the event he survives the policy term. Apart from single insurance policies, postal life insurance also manages a group insurance scheme for the extra departmental employees gramin dak sevaks of the department of posts. The postal department offers various types of life insurance policies through postal life insurance and rural postal life insurance, users can check the premium payable for all the eligible types of postal rural. Postal life insurance claim form for payment of postal rural life insurance policy in case of death of insurant in fillable format by maxutils maxutils read online newspapers in enhnpbbngumrteta. The sum amount insured and bonus is payable to the assigned, nominee or legal heir in case of unprecedented death. Nearly all postal employees are eligible to receive basic life insurance coverage, however, there are some exceptions. If you have subscribed to a postal life insurance policy, simply visit the official website of india post and create an online account. Additionally, the calculator also offers calculation of premiums on a yearly, monthly, quarterly, and. Premium details now postal life insurance is open for employees of all central and state government. Pli provides information about pli policies, investment operations, eligibility criteria and forms for download.