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
There are other ways that you can use to check the status of your policy: In case you have any query related to your policy, you can send a mail to the email ID pli.dte@gmail.com. You can also call on the toll-free number 1800 180 5232, 155232.
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%.
Candidate can pay PLI premium online through PLI Online Portal, PLI Payment app and much more. You can also use all payment method like pay using credit card, debit card, UPI, etc., There are two minimum requirements to pay PLI online. Mobile number should be registered in your PLI Policy.
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.
6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022
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.
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.
How do I check my post office policy?
You can contact at toll free number 1800 180 5232/155232 for enquiry related to Postal life insurance/Rural Postal life insurance.
What is the interest on loan availed against the policy? The interest on loan availed against the PLI policy is 10% per annum. This is calculated based on a 6 month period.
What is the bonus rate of PLI?
Rs. 20/- per sum assured of Rs. 10,000/- subject to maximum of Rs. 1000 for Whole life assurance and Endowment assurance policies with term of 20 years or more.18-Jan-2022
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.
How can I get PLI customer ID?
Steps for Customer Registration
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.
Can I take loan from PLI?
PLI Policies offer the facility of taking out loans at the cost of lowering the bonus received or forfeiting it altogether. The EA policy offers policyholders the option of taking out loans on the completion of 3 policy years.
If the premia are not paid for 6 months in case of policy within 3 years, (or) 12 months in case of policy more than 3 years, then the policy becomes lapsed. This needs revival to make it active.
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:
Are private employees 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 answer is that both are different products. Mutual Fund is a pure investment product. For short-term investments, you should invest in a debt mutual fund. For the long-term goals, Equity Mutual funds provide better returns.
Is LIC better than FD?
Fixed deposits are best for both short- and medium-term investments whereas life insurance plans are designed for long term investments. You can invest for a period of as low as 7 days in fixed deposits unlike a life insurance plan wherein you need to invest for at least 10 years.
Is there any app for postal life insurance?