Pli Western Region

Pli Western Region Low Premium! High Bonus!! Now With Expanded Clientele

16/11/2017
16/11/2017

PLI is the only insurer in the Indian Life Insurance market today, which gives the highest return (bonus) with the lowest premium charged for any product in the market.
A PLI/RPLI policy holder also gets following facilities :
1.Change of nomination.
2.The insurant can take loan by pledging his/her policy to Heads of the Circle/Region on behalf of President of India, provided the policy has completed 3 years in case of Endowment Assurance and 4 years in case of Whole Life Assurance. The facility of assignment is also available.
3.Assignment of Policy to any Financial Institution for taking loan.
4.Revival of his/her lapsed policy. Policy lapses after 6 unpaid premiums if it remained in force for less than 3 years and after 12 unpaid premiums if it remained in force for more than 3 years.
5.Issue of Duplicate Policy Bond in case of the original Policy Bond is lost, burnt/torn/mutilation.
6.Conversion from Whole Life Assurance to Endowment Assurance and from Endowment Assurance to other Endowment Assurance as per rules.

16/11/2017

RPLI offers following types of plans:
1.Whole Life Assurance ( GRAMA SURAKSHA)
2.Convertible Whole Life Assurance (GRAMA SUVIDHA)
3.Endowment Assurance ( GRAMA SANTOSH)
4.Anticipated Endowment Assurance (GRAMA SUMANGAL)
5.10 Year RPLI (GRAM PRIYA)
6.Children Policy (BAL JEEVAN BIMA)

16/11/2017

PLI offers 6 (Six) types of plans:
1.Whole Life Assurance (SURAKSHA)
2.Convertible Whole Life Assurance (SUVIDHA)
3.Endowment Assurance (SANTOSH)
4.Anticipated Endowment Assurance (SUMANGAL)
5.Joint Life Assurance (YUGAL SURAKSHA)
6.Children Policy(BAL JEEVAN BIMA)

16/11/2017

Rural Postal Life Insurance (RPLI) came into being as a sequel to the recommendations of the Official Committee for Reforms in the Insurance Sector (Malhotra Committee). The Committee had observed in 1993 that only 22% of the insurable population in this country had been insured; life insurance funds accounted for only 10% of the gross household savings. The Committee had observed:
“ The Committee understands that Rural Branch Postmasters who enjoy a position of trust in the community have the capacity to canvass life insurance business within their respective areas…..”
The Government accepted the recommendations of Malhotra Committee and allowed Postal Life Insurance to extend its coverage to the rural areas to transact life insurance business with effect from 24.3.1995, mainly because of the vast network of Post Offices in the rural areas and low cost of operations. The prime objective of the scheme is to provide insurance cover to the rural public in general and to benefit weaker sections and women workers of rural areas in particular and also to spread insurance awareness among the rural population. As on 31.03.2015, we have more than 23.51 million RPLI policies.

16/11/2017

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 50 lacs (Rupees Fifty Lacs) and it will be effective as and when notified through a Gazette notification 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 6.4 millions policies as on 31.03.2015. 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. 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.

Address

R S Puram
Coimbatore
641002

Opening Hours

Monday 9:15am - 5:45pm
Tuesday 9:15am - 5:45pm
Wednesday 9:15am - 5:45pm
Thursday 9am - 5:45pm
Friday 9:15am - 5:45pm

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