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Postal Life Insurance Presentation

Postal Life Insurance (PLI) is a life insurance scheme initiated by India Post in 1884, initially for postal employees and now available to various government employees. It offers affordable premiums, high returns, and multiple policy types, along with tax benefits and a straightforward claim process. Recent digital initiatives enhance accessibility and customer service, making PLI an attractive option for eligible government personnel.

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144 views11 pages

Postal Life Insurance Presentation

Postal Life Insurance (PLI) is a life insurance scheme initiated by India Post in 1884, initially for postal employees and now available to various government employees. It offers affordable premiums, high returns, and multiple policy types, along with tax benefits and a straightforward claim process. Recent digital initiatives enhance accessibility and customer service, making PLI an attractive option for eligible government personnel.

Uploaded by

deadmansunny
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Postal Life Insurance (PLI)

A Comprehensive Overview
Introduction to Postal Life
Insurance
• • PLI is a life insurance scheme offered by
India Post.
• • Established in 1884 for postal employees,
now available to various government
employees.
• • Offers affordable premiums and high
returns.
History and Evolution
• • Started in 1884, initially for postal
employees.
• • Extended to government employees in 1894.
• • Now covers employees of central/state
governments, PSUs, and financial institutions.
• • One of the oldest life insurance schemes in
India.
Features & Benefits
• • High bonus rates.
• • Affordable premium rates.
• • Loan facility available after a certain period.
• • Tax benefits under Section 80C.
• • Easy claim settlement process.
Types of PLI Policies
• 1. Whole Life Assurance (Suraksha)
• 2. Endowment Assurance (Santosh)
• 3. Convertible Whole Life Assurance (Suvidha)
• 4. Anticipated Endowment Assurance
(Sumangal)
• 5. Joint Life Assurance (Yugal Suraksha)
• 6. Children Policy (Bal Jeevan Bima)
Eligibility Criteria
• • Employees of central/state governments.
• • Employees of PSUs and financial institutions.
• • Defense personnel.
• • Not available for the general public.
Premium Payment & Bonus
• • Premiums can be paid monthly, quarterly,
half-yearly, or yearly.
• • Bonus declared annually, with high returns.
• • Can be paid through salary deduction or
direct payment at post offices.
Claim Process
• 1. Submit the claim form along with necessary
documents.
• 2. Verification by the postal department.
• 3. Settlement within a stipulated time frame.
• 4. Maturity claims processed efficiently.
Comparison with Other Insurance
Plans
• • Higher returns compared to private
insurance.
• • Lower premium rates.
• • Government-backed security.
• • Limited eligibility compared to private
insurers.
Recent Updates & Digital Initiatives
• • Online premium payment options.
• • Digital policy management through India
Post portal.
• • Enhanced customer service through mobile
applications.
Conclusion
• • PLI offers a secure and profitable insurance
option for government employees.
• • High bonus and low premium make it
attractive.
• • Digital advancements improve accessibility
and convenience.

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