What is PLI Postal?
Postal Life Insurance (PLI) was introduced on 1st February 1884 with the express approval of the Secretary of State (for India) to Her Majesty, the Queen Empress of India. It was essentially a scheme of State Insurance mooted by the then Director General of Post Offices, Mr.
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. You can also call their land line number 011 24673177.
What is PLI and RPLI in post office?
10 Years Rural PLI (Gram Priya) It is a short term money back scheme for Rural populace only. Insurant is given life cover to the extent of Sum Assured for 10 years. Survival benefits are paid after 4 years- 20% after 7 years- 20%, and after 10 years – 60% with accrued bonus. Minimum & maximum age at entry 20 – 45
Steps for Customer Registration
What is PLI interest rate?
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.
PLI is a good option for people, who are 'eligible' for it, as it charges lower premiums and offers higher returns than comparable policies of life insurers.
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 maturity tax free?
As per Section 10(10D) of the Income Tax Act, the sum assured received on maturity or surrender of a policy or upon the policyholder's death is completely tax-free.09-Sept-2021
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 is customer ID and ID in post office?
What is my customer ID? Customer ID is the CIF ID printed on the first page of your Passbook.
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.
What is the meaning of customer ID?
A unique number that's assigned to each Google Ads account, including Google Ads manager accounts. Your customer ID is used to identify your Google Ads account.
The following steps are to be undertaken in order to use the calculator:
Which is better 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.
The salient features of this scheme are as under: The scheme provides life insurance cover to children of policy holders. 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
Which is best PLI or sip?
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.
As per Section 10(10D) of the Income Tax Act, 1961 the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver subject to certain conditions.04-Nov-2015
Is PLI only for government employees?
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
What is PLI Postal?