Can we open postal life insurance online?
You can start the procedure of buying the policy online even if you are not a customer of India Post. You will be able to navigate to Purchase a Policy. Quote to select the suitable product and coverage for you. After this, you will have to fill personal, employment, medical and other information.
You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.
Is there any app for postal life insurance?
The postal Life Insurance payment application (Postinfo) is available on Google Play Store to download on Android Mobile. It is also available to download free for PC and IOS.18-Jan-2021
Use our IPPB mobile app to make your PLI (Postal Life Insurance) premium payments easily. Download the IPPB mobile app today and enjoy our upgraded services.”06-Jun-2022
Is PLI better than LIC?
Premium Rate-When compares to LIC or any private insurers, PLI offers cheap premium. So this is the most advantage of buying endowment plans with PLI than with LIC. Bonus Rate-Bonus offered by PLI is in the range of 7% or more. Whereas currently, LIC offers a bonus rate of around 4% to 5%.
10% per annum
Can I withdraw PLI before maturity?
Yes, before date of last premium, he can apply for its revival and after credit of due premium with interest @ 12% per annum and a good health certificate, he can continue this policy. After revival due bonus will be automatically attached with this policy.
What will be the surrender value of PLI/RPLI policy? Surrender facility is available after 3 years in case of WLA, EA, CWLA and YS policies. No surrender facility is available in case of AEA and Children policy. Surrender value depends on the surrender factor, type and term of policy.
How do I claim PLI maturity amount?
The obtained amount shall be remitted directly on to beneficiary bank or post office account/or through cheque. Features: Maturity/Survival Benefit Claim of a policy arises on completion of term of the policy as per the features of that particular plan.
6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022
Is PLI tax free?
Investment in PLI gets all tax benefits any life policy is entitled for. The returns are tax-free and premium payment is subject to tax exemption under section 80C.
couple should be between 21 years to 45 years. rate is ₹ 58/- per ₹ 1000 sum assured per year. PLI is the only insurer in the Indian Life Insurance market today which gives the higher return (bonus) with the low premium charged for any product in the market.
What is sum assured in PLI?
Maximum two children of policy holder (parent) are eligible. Children between 5- 20 years of age are eligible. Maximum sum assured ₹ 3 lac or equal to the sum assured of the parent, whichever is less. Policy holder (parent) should not be over 45 years of age.
04. PLI online payment through UPI Application. It is good news that now PLI policyholder can pay their PLI premium through various UPI apps like Google Pay, Paytm, PhonePe, Dak Pay, Bhim, etc.06-Sept-2020
How do I get a customer ID for postal life insurance?
Steps for Customer Registration
Tenure: While PPF is a long-term investment plans (minimum 15 years) and cannot be taken for a shorter period, LI can be taken for a shorter duration, starting at five years. LI therefore offers greater flexibility.
Is private employee eligible for PLI?
Since 1894, postal life insurance (PLI) was available only to the government and semi-government employees, including the employees of public sector undertakings, financial institutions, and nationalized banks, but back in 2017, it was made open to a more wider section of the population.20-May-2019
The Insurance policies offered through PLI have tax benefits which are predominantly under Section 80C which basically states that a policyholder having a policy issued on or before 31st March 2012 will be eligible to avail a tax deduction of 20% of the sum assured.
How is surrender value calculated in PLI?
{Basic Sum Assured X (Number of Premiums Paid/Total Number of Premiums Payable) plus total bonus received}X Surrender Value Factor.19-Sept-2012
For the Endowment Assurance Plan under PLI, one can follow the below-mentioned steps for premium or maturity calculation:
What is the benefit of PLI?
Postal Life Insurance Scheme Bonus
Can we open postal life insurance online?