Revision of Medical Fee payable to Medical Officer for conducting Medical Examination of PLI / RPLI proponents

As communicated vide Directorate of Postal Life Insurance letter No.22-02/85-LI Vol III (Pt) dated 22-08-2012 the revised fees payable to Medical Officer for conducting Medical Examination of PLI / RPLI proponents will be as under from the date of issue of this letter:-

Amount of Sum Assured	Revised amount of fee payable (per proponent) (In`)
Upto the sum assured of `5 lacs	50/-
Above `5 lacs and upto `10 lacs of sum assured	60/-
Above `10 lacs of sum assured	70/-

Total Viewer Software for generating PLI/RPLI Credit Certificate in HO & SO

A small reporting tool named Total Viewer developed by Sivakumar N.This tool will be very helpful for generating PLI/RPLI credit certificate in HOs and SOs, to know the dispatch details of registered article, etc. 

Click the below link to DOWNLOAD.

IRDA LAUNCHES LIFE INSURANCE HANDBOOK – DOWNLOAD FREE BOOK

We are happy to announce that the Insurance Regulatory and Development Authority (IRDA)has recently launched a website for consumer education – www.policyholder.gov.in.

This website provides useful information that each one of us should know about Life Insurance.

The ‘Insurance Handbook’ available on this website is an extremely handy booklet for every policyholder. This booklet is available in twelve languages in addition to English.

MODEL QUESTIONS FOR IPO EXAM ( RPLI )

RURAL POSTAL LIFE INSURANCE (Q No 26 to 40)

26.       Rural postal life insurance started in

            a)         24 Mar 1995                                                  b)         23 Feb 1995

            c)         24 Mar 1994                                                  d)         25 Mar 2006              Ans:a

27.       The max limit of RPLI is

            a)         500000/-                                                        b)         300000/-

            c)         1000000/-                                                      d)         100000/-                    Ans:b

MODEL QUESTIONS FOR IPO EXAM ( POSTAL LIFE INSURANCE )

POSTAL LIFE INSURANCE

1.         Postal life insurance scheme started in

           

            a)         01-02-1882                                        b)         01-02-1892

            c)         01-02-1882                                        d)         None of these                       Ans: c

2.         Who are eligible for obtaining a PLI Policy of the following

            a)         Central/Stage Govt employees      b)         Defense services

            c)         Nationalized banks/RBI                  d)         All the above                         Ans:d

Various Rulings on PLI by PLI Directorate

1.     PLI Directorate, New Delhi Letter No.29-24/2012-LI) dated 18.05.2012 on Settlement of Maturity/death claim in which insurant has not paid premium within the permissible time limit and later on payment is made with default fee without any revival permission from the competent authority.

2.     PLI Directorate, New Delhi Letter No.45-07/CC-09/LI dated 16.04.2012 on Calculation of premia in respect of PLI/RPLI proposals submitted by Physically handicapped persons for sum assured of less than Rs. One Lakh.

3.     PLI Directorate, New Delhi Letter No.25-1/2011-LI dated 16.04.2012 on clarification in respect of POLI Rules, 2011.

4.     PLI Directorate, New Delhi Letter No.25-03/2003-LI dated 21.03.2012 on non-requirement of obtaining of policy bonds from the Insurants for payment of survival benefit of AEA schemes.

Clarification in respect of Post Office Life Insurance Rules - 2011.

DIRECTORATE OF POSTAL LIFE INSURANCE
Department of Posts, Ministry of Communications &
Information Technology, Government of India
Chanakyapuri Post Office Complex,

New Delhi-11 0021

 Dated16.04.2012

All Head of Circles,
Addl. Director General (APS),
Director, PLI, Kolkata

Sub: Clarification in respect of Post Office Life Insurance Rules - 2011.

PLI Premium Calculator

PLI Premium Calculator  Excel file Developed by 

Sri. Vishnu Borade , PA, Chalisgaon HO , 

Maharastra Circle  is attached h/w

Download 

Clarification in respect of Post Office Life Insurance Rules - 2011.

DIRECTORATE OF POSTAL LIFE INSURANCE
Department of Posts, Ministry of Communications &
Information Technology, Government of India
Chanakyapuri Post Office Complex,

New Delhi-11 0021

 Dated16.04.2012

All Head of Circles,
Addl. Director General (APS),
Director, PLI, Kolkata

Sub: Clarification in respect of Post Office Life Insurance Rules - 2011.

Revised proposal forms of PLI and RPLI containing declaration from female proponents

PLI Form                Download from Here

RPLI Form             Download From Here
RPLI Medical         Download From Here
Yugal Suraksha      Download from Here

Sri S.Sarkar is the New Member (PLI)

Sri S.Sarkar (IPoS 1978 Batch), Director, Rafi Ahmed Kidwai National Postal Academy, Gaziabad is promoted on Adhoc basis and posted as Member(PLI) & Chairman, Investment Board vide Postal Directorate memo No. 1-56/2003-SPG dated 22.03.2012.

Clarification in respect of PLI

Incentive to Mail Overseers for procuring RPLI Business

Click here to see order copy

F.A.Q on PLI/RPLI commission

(Q) What is the new commission of RPLI?

(A) it is 10% for first year premium (first 12 months) and 2.5% for the subsequent premium(13th month to last installment of policy) w.e.f 1.10.2009

(Q) What is the commission of PLI

(A) 0.25% of the sum assured

DECENTRALISATION OF PLI/RPLI

Directorate of Postal Insurance

Department of Posts, Ministry of Communications

Information Technology, Government of India

Chanakyapuri Post Office Complex, New Delhi-110 021

No. 30-1/2010-LI Dated 27.01.2012

To

1.          Col. Kamlesh Chandra,

Chief Postmaster General,

Uttar Pradesh Circle,

Lucknow-226001

2.         All CPMsG.

Respected Sir,

Kindly refer to letter no. 08/15/2011-SR dated 16.01.2012 from SR Section Department of Posts enclosing minutes of the meeting taken by Secretary(Posts)/Postal Staff Board with the Postal Joint Council of Action on 10.01.2012 and 12.01.2012.

Enhancement of PLI ceiling

PLI Directorate Memo No. 25-3/2003-LI dated 17/1/2012.

The President is pleased to make the following amendments to “Post Office Life Insurance Rules 2011” published on 28th April, 2011 in Gazette of India No.85(Part-I Section –I Extraordinary)

a)    The amount of maximum or aggregate sum assured mentioned as Rs.Ten Lac (Rs.10.00.000/-) in Rules No.7, 14 and 17(e) may now be read as Rs. Twenty Lac (Rs.20,00,000/-) in respect of PLI.

b)    The amount of maximum or aggregate sum assured mentioned as Rs.Three Lac (Rs.3.00.000/-) in Rules No.9(a), 10(a), 15 and 17(e) may now be read as Rs. Five Lac (Rs.5,00,000/-) in respect of RPLI.

Indian Postal Life Insurance (PLI)

Indian Postal Life Insurance is a financial welfare scheme. It is also known as PLI i.e., Postal Life Insurance. It was introduced in 1884 by the Department of Posts, India. It was essentially introduced for the benefit of postal employees and later extended to the employees of Telegraph department in 1888. It is now covering employees of Central & State Governments, Central & State Public Sector undertakings, Universities, Educational institutions and local bodies. 

There are over 1,55,333 post offices in India. The Department of Posts has been allotted customer care number and Toll Free Number (155232 & 1800 180 5232) for the facility of Postal Life Insurance and Rural Postal Life Insurance policyholders or people planning to opt Post office life insurance. They can also go through post office life insurance review, quotes & use pli calculator to find Insurance premium and Post life insurance agents.