What are postal policies?
Postal Life Insurance Policy
- The Postal Life Insurance plan provides an insurance cover till the insured reaches the age of 80 years.
- Offers an assured amount and an accrued bonus to the policyholder after he or she attains the age of 80 years.
Which PLI policy is best?
Postal Life Insurance Scheme Bonus:
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| Whole Life Assurance (WLA) | Rs. 65 per Rs. 1000 of the sum assured |
| Convertible Whole Life Policies | Whole life bonus rate is applicable. However, on conversion, the applicable rate will be equal to the endowment bonus rate. |
What do you mean by postal life insurance?
Postal Life Insurance (PLI) was introduced on 1st February 1884.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. PLI also extends insurance cover to the officers and staff of the Defence services and Paramilitary forces.
How do I check my post office policy?
Policyholders can follow the steps mentioned below to check the status of their Postal Life Insurance policy via the IndiaPost website:
- Visit the IndiaPost website.
- Click on ‘Insurance’ on the top bar of the screen.
- From the drop-down menu, click on ‘Postal Life Insurance’.
Which is better post office or 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%.
Is PLI is better than LIC?
How can I check my PLI maturity amount?
Process of Using PLI Maturity Calculator
- Input the Sum Assured amount.
- Input the year of purchase of the policy.
- Input the current age of the customer.
- Input the maturity age of the customer.
- Once the customer clicks on the “Calculate” button, the results will be displayed on the screen.
What is policy number in PLI?
There is a 13 digit number called Policy number. This is a unique number that identifies the policy. In any correspondence related to servicing of the policy you have to quote this number. So we would advise you to note down this number in your diary.
Is PLI safe?
Postal Life Insurance (PLI), a 125-year-old life insurance scheme run by the department of posts, is a good option for people eligible for it as it charges lower premiums and offers higher returns than comparable policies of life insurers.
What do you need to know about the post program?
The POST program exists under the authority of, and in compliance with, California Penal Code Sections 13503, 13506, and 13510 POST Professional Certificates Peace Officer, Dispatcher/Supervisor, and Records Supervisor
Are there fees associated with identity verification at Post University?
There are no fees associated with the verification of student identity. Personally identifiable information collected by Post University may be used, at the discretion of the University, as the basis for identity verification. In compliance with these federal requirements, Post University has adopted the following policy.
Can a residency requirement be waived at Post University?
The residency requirement can be waived if a student is participating in a Post University articulated academic partnership with another accredited college or university, wherein the agreement between Post and that other Institution states that the student will complete the last portion of their degree at the other Institution.
Do you have an e-mail account at Post University?
All students will be issued a unique e‐mail account with a secure logon and pass code upon being admitted to an online program. This username and password will remain in effect throughout the student’s tenure at Post University. All e‐mail communication between Post University and the student will be through this e‐mail account.
