Every individual must financially insure one’s life. Purchasing a life insurance policy ensures that a policyholder’s family receives a financial backup after his/her death.
To promote this habit among Indians, the Central Government keeps updating the benefits under Postal Life Insurance or PLI scheme.
This insurance plan gives maximum coverage to an insured individual against an affordable premium. Keep reading to learn more about this insurance plan.
The PLI scheme originated during British rule in 1884. It started as a welfare scheme under Queen Victoria to cover her postal employees.
Later it also covered the female employees of the postal and Telegraph department in 1894.
The Central Government of India now manages Postal Life Insurance. This scheme now financially secures individuals working in the public sector, cooperative society, educational institutions, local and autonomous bodies, etc.
PLI scheme gives coverage up to ₹5 lakhs against an affordable premium. There are six plans under this scheme such as Santosh, Suraksha, Sumangal, Suvidha, Bal Jeevan Bima and Yugal Suraksha.
Let’s check the features of this scheme to understand what the PLI scheme is in detail.
The features of the PLI scheme are as follows.
Let’s check the benefits of the policy to make an informed decision regarding the purchase. This will also help understand the details of Postal Life Insurance plan.
The benefits offered by the PLI scheme are as follows.
These benefits of the PLI policy can be accessed by the individuals who clear the eligibility parameters.
The Postal Life Insurance plan covers a wide network of employees working in State and Central Government organisations. Individuals belonging to the following list can apply for this scheme.
Additionally, an individual must be at least 19 years old to apply for Postal Life Insurance online.
Let’s check the steps to pay PLI online. This will help streamline the entire process.
Individuals can pay the Postal Life Insurance online by following steps.
Step 1: Visit the postal India website and generate a customer Id.
Step 2: Enter the necessary details such as policy number, sum assured, insured name, mobile number, gender, etc.
Step 3: After registration, click on the payment option and select pay premium.
Step 4: Select number of instalments and proceed to payment.
Step 5: Click on the pay now option and select payment mode
Step 6: An online payment receipt will display.
Individuals should print this document for future needs. This will help them keep a tab over the status of the PLI policy.
Individuals can check the status of their PLI scheme in the following ways.
Step 1: Visit the official India Post website.
Step 2: Click on insurance from the drop-down menu and select PLI.
Step 3: On the PLI homepage, click on the login option.
Step 4: Enter customer ID, password and captcha to log in.
Step 5: The PLI status will display on the screen.
Individuals can check the status of their PLI scheme offline in the following ways.
This is the necessary information on the PLI scheme and ways to pay the premium.
In addition, individuals can check the official website for notifications on premiums and eligibility. They can also use a calculator for Postal Life Insurance before making a payment.
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Disclaimer: This information is added only for informative purposes and collected from different sources across the Internet. Digit Insurance is not promoting or recommending anything here. Please verify the information before making any decisions.
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