As the name says it all, Postal Life Insurance (PLI) is a Government of India initiated life insurance schemes offered from the Department of Post via the post offices. Compared to the premium of other PSU & Private life insurance company, this scheme offers life cover and various investment plans at affordable premium.
Who can take Postal Life Insurance (PLI)?
- Central Government Employees
- State Government Employees
- Public Sector Undertakings (PSU) staff
- Defence Staff
- Para-Military Services staff
- PSU Bank staff & Reserve Bank of India Staff
- Staff of Educational Institutions
- Staff of Local Bodies
- Professionals (Chartered Accountants/ Doctors/ Engineers/ / MBAs/ lawyers/ Architects etc.)
- Staff of all BSE & NSE listed companies
What schemes are offered under Postal Life Insurance (PLI)?
- Children Policy (Bal Jeevan Bima)
- Joint Life Assurance (Yugal Suraksha)
- Whole Life Assurance (Suraksha)
- Endowment Assurance (Santosh)
- Anticipated Endowment Assurance (Sumangal)
- Convertible Whole Life Assurance (Suvidha)
Schemes under Postal Life Insurance (PLI) also offer all the similar features and facilities (like nomination, loans, online premium payments, payment via cards, surrender, revival etc.) that are offered by other life insurance companies.
How to buy Postal Life Insurance (PLI)?
You can go to the website of https://pli.indiapost.gov.in/CustomerPortal/Home.action for buying online. This offers online quote generation and purchase. Else you can also visit any post office or contact the post office agent.
Please visit https://www.indiapost.gov.in/Financial/Pages/Content/pli.aspx for knowing the details about the various schemes offered by Postal Life Insurance (PLI).