www.postallifeinsurance.gov.in Postal Life Insurance : Proposal Form for PLI

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  1. Post Count Number #1
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    www.postallifeinsurance.gov.in Postal Life Insurance : Proposal Form for PLI

    Name of the Organisation : Postal Life Insurance (postallifeinsurance.gov.in)
    Type of Facility : Proposal From for Postal Life Insurance
    Home Page : http://www.postallifeinsurance.gov.in
    All the posts tagged as<postallifeinsurance.gov.in>
    Proposal Form for Postal Life Insurance (children Policy) :
    http://www.postallifeinsurance.gov.i...posal_Form.pdf
    Proposal Form for Rural Postal Life Insurance (Medical) :
    http://www.postallifeinsurance.gov.i...ical_form1.pdf
    Proposal Form for Rural Postal Life Insurance (Non-Medical) :
    http://www.postallifeinsurance.gov.i.../RPLI_form.pdf

    PLI Introduction :
    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. F.R. Hogg in 1881 as a welfare scheme for the benefit of Postal employees and later extended to the employees of Telegraph department in 1888. In 1894, PLI extended insurance cover to female employees of P & T Department at a time when no other insurance company covered female lives. It is the oldest Life insurer in this country.
    In the beginning, the upper limit of life insurance was only Rs 4000/- which has now increased to Rs 10 lacs (Rupees Ten Lacs) for all schemes combined - Endowment Assurance and Whole Life Assurance. Over the years, PLI has grown substantially from a few hundred policies in 1884 to 42,83,302 policies as on 31.03.2010. It now covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies etc. PLI also extends the facility of insurance to the officers and staff of the Defence services and Para-Military forces. Apart from single insurance policies, Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees (Gramin Dak Sevaks) of the Department of Posts.
    PLI is an exempted insurer under Section 118 (c) of the Insurance Act of 1938. It is also exempted under Section 44 (d) of LIC Act, 1956.

    See more Details Download the PDF File : http://www.postallifeinsurance.gov.i...nloadForm.aspx

  2. Post Count Number #2
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    Who are eligible for obtaining a PLI Policy?

    The employees of following are eligible for PLI policy:
    ** Central Government
    ** Defense Services
    ** Para Military Forces
    ** State Government
    ** Local Bodies
    ** Educational Institutions/ Government-aided
    ** Reserve Bank of India
    ** Public Sector Undertakings
    ** Financial Institutions
    ** Nationalized Banks
    ** Autonomous Bodies
    ** Extra Departmental Agents in Department of Posts

  3. Post Count Number #3
    Unregistered
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    How can a policy be transferred from one PO to other?

    The system of transfer of PLI policy is very simple. The policy holder can apply to the Chief Post Master General through the Post Office where the policy stands or the PO in which he desires to pay the premium. The PO will accept the application and send to the CPMG (PLI).