How can I get my PLI statement online?

How can I get my PLI statement online?

This PLI online statement can be accessed on the website of India Post or its mobile application called Postinfo.

How do I claim PLI maturity amount?

Features:

What happens if PLI premium is not paid?

If the premia are not paid for 6 month in case policy within 3 year, (or) 12 months in case of policy is for more than 3 years, then the policy becomes lapsed. This needs revival to make it active. Revival shall be on any number of occasions during the entire term of the policy.

Is PLI maturity amount fixed?

The Maturity Calculators of PLI and RPLI Plans Since in these policies the bonus is not fixed or guaranteed it is not possible to calculate the money you would receive in advance even if you use a postal life insurance calculator.10-Apr-2022

How can I check my PLI account?

Steps for Customer Registration

What is sum assured in PLI?

It is a Joint Life Endowment Assurance in which one of the spouses should be eligible for PLI policies. Life cover to both spouses to the extent of sum assured with accrued bonus with a single premium. Minimum sum assured ₹ 20,000; Maximum ₹ 50 lac. Minimum age & Maximum age at entry of spouses: 21-45 years.

Can PLI be withdrawn?

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.

When the maturity claim is payable?

Maturity Claims: 1) In case of Endowment type of Policies, amount is payable at the end of the policy period. The Branch Office which services the policy sends out a letter informing the date on which the policy monies are payable to the policyholder at least two months before the due date of payment.

How do I file a maturity claim?

Maturity claims are rather simple, as you will file the claim on your own policy.To file a maturity claim you will usually need the following documents:

What is interest rate of PLI?

Loan against a Postal Life Insurance policy Whole Life Assurance policies permit loans to be borrowed after completion of 4 policy years. The loan interest rate for Postal Life Insurance policies is calculated on a half-yearly basis and is equal to 10% per annum.

What is grace period in PLI?

The payment should be made on the 1st day of the month. PLI allows a grace period till the last day of the policy. Delayed payment of the premium may lead to late fee.

Is PLI maturity tax-free?

PLI Tax Benefit under Section 10(10D) Further, income earned as maturity benefit will be completely tax-free if the sum assured is at least 10 times the annual premium. Bonuses and surrender benefits are also exempted from taxes under section 10(10D).

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%.

What are the benefits of PLI?

Benefits of Postal Life Insurance Policyholders can avail tax benefits under Section 88 of the Income Tax Act, 1961. The premium for PLI schemes is much affordable as compared to other insurance plans available in the market. Policyholders can track payment of premium (for loan transactions) with the passbook facility.07-Apr-2022

How is surrender value of PLI calculated?

If you discontinue the policy, the amount you will get is called the special surrender value. This is arrived at by multiplying the total paid-up value (paid-up value + bonus) with a multiplier called the surrender value factor. The surrender value factor is a percentage of paid-up value plus bonus.19-Sept-2012

How can I get PLI customer ID?

Steps for Customer Registration

How do I get a PLI receipt?

For downloading duplicate PLI premium receipt or PLI Premium Paid Certificate kindly follow the process: For downloading PLI Financial Statement in PDF, Visit the https://pli.indiapost.gov.in/ > Login > Tools & Utilities > Payment history > fill policy no > click on get payment history > Download receipt.

Can PLI be paid online?

IPPB mobile App – Customers can deposit their PLI/RPLI premium through the IPPB mobile app, from their IPPB Account.06-Jun-2022

How much loan can I get on PLI policy?

The maximum admissible amount of loan will be 90% of the surrender value of the policy which will be subject to the condition that the amount of loan should not become less than Rs. 1000/-.01-Oct-2016

Which is best PLI or PPF?

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.

Who is eligible for PLI?

policies. 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.

How can I get my PLI statement online?