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Frequently Asked Questions on PLI

Q. What is PLI? A. A contract entered into by the Government to pay a given sum of money on the death of an individual to his nominee or himself, if he survives that period. Q. When did PLI start? A. PLI as a scheme is available since 01.02.1884. Q. What is the difference between PLI and other Insurance? A. PLI is only for Government and Semi-Government employees, moreover PLI is the only Insurer that offers low premium and high bonus. Q. Is PLI guaranteed? If so, by whom? A. PLI is guaranteed by Government of India. Q. Is there any limit to the number of policies one can take for children? A. One can take only policies for two children. Q. What is the necessity sending the PLI Policy Bond to office address of the Insurant, why can this not be sent to the residence of Policy holder? A. PLI policy are issued to people who are employed under Government/Semi-Government sector etc. That is why the policy are sent to the Office address of the Insurant. Q. How can a policy be transferred...

Postal Life Insurance [PLI]

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 in 1884 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 been 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 more than 43 lacs policies as on date. It now covers employees of Central and ...

Get a Quote & Application through Online

Click a below link to get an Quote for purchase of new policy. Please all the mandatory fields in the required fields and submit to get an quote of PLI with in a second. In case of any difficulties found feel free to contact me through 9500333244. https://pli.indiapost.gov.in/CustomerPortal/loadQuotePage.action Policy Issuance will take 10 days after submission and verification of all required documents.

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