Which is the best PLI plan?
6 Best Postal Life Insurance (PLI) Plans for Government Employees
- Whole Life Assurance (Suraksha)
- Endowment Assurance (Santosh)
- Convertible Whole Life Assurance (Suvidha)
- Anticipated Endowment Assurance (Sumangal)
- Joint-Life Insurance (Yugal Suraksha)
- Children Policy (Bal Jeevan Bima)
Which one is better LIC or PLI?
In terms of premiums, LIC has a higher rate of a premium compared to PLI. Many PLI plans offer a bonus which is quite high. Many LIC plans also offer bonus. However, the bonus rate is low compared to PLI plans.
What is interest rate of postal life insurance?
10% per annum
What is the interest on loan availed against the policy? The interest on loan availed against the PLI policy is 10% per annum. This is calculated based on a 6 month period.
Can I pay PLI premium online?
Answer- Yes, Now you can pay your pli policy premium online. An online portal i.e. PLI customer portal is available on internet to pay online PLI.
Is PLI only for government employees?
It now covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, autonomous bodies, joint ventures having a minimum of 10% Govt./PSU stake, credit co-operative societies etc.
Is postal life insurance worth?
PLI is a good option for people, who are ‘eligible’ for it, as it charges lower premiums and offers higher returns than comparable policies of life insurers. Over the years, PLI has grown substantially from a few hundred policies in 1884 to 42.83 lakh policies as on 31 March 2010.
Is PLI maturity amount is taxable?
As per Section 10(10D) of the Income Tax Act, 1961 the amount of sum assured plus any bonus (i.e. the policy proceeds) paid on maturity or surrender of policy or on death of the insured are completely tax free for the receiver subject to certain conditions.
What is PLI deduction from salary?
The Insurance policies offered through PLI have tax benefits which are predominantly under Section 80C which basically states that a policyholder having a policy issued on or before 31st March 2012 will be eligible to avail a tax deduction of 20% of the sum assured.
Is PLI a good option?
PLI is a good option for people, who are ‘eligible’ for it, as it charges lower premiums and offers higher returns than comparable policies of life insurers. Started in 1884, PLI is managed by the Department of Posts under the Government of India.
How to download Postal Life Insurance in India?
Downloads Sl.No. Forms and Documents 1. PLI Proposal Form [ 714.18 KB] 2. RPLI Proposal Form [ 355.58 KB] 3. Claim for Maturity/Survival Benefit of P 4. Loan Application Form [ 244.59 KB]
Where do postal service insurance officers send their booklets?
Postal Service Insurance officers may request that a limited supply of Booklets be sent to major Postal field installations. The complete address and contact information for each installation must be included.
Where do I Mail my ofegli death benefits?
The mailing address is Office of Federal Employees’ Group Life Insurance, P.O. Box 6512, Utica, NY 13504-6512. OFEGLI will need the form number, the quantity, the shipping address and the point of contact, in case of questions.
Where to order FEGLI booklet for postal employees?
Agency field offices should order through their headquarters office and NOT from OFEGLI. Agency headquarters insurance officers order the Booklet directly from OFEGLI. OFEGLI accepts orders by fax and mail only – no telephone orders.