How To Check Your Postal Life Insurance Status Online

The postal life insurance plan provides significant premium returns on life insurance. This program offers a maximum guaranteed amount of INR 50 lakh. The Government of India provides this policy to workers in central and state public sector enterprises, universities, government aided educational institutions, autonomous bodies, local bodies, cooperative societies, joint ventures with a minimum of 10% government/psu stake, and central and state governments.

It is critical that you comprehend the need of routinely checking the status of your PLI, so that you are aware of important updates, policy modifications, and premium payments. Adopting online techniques to verify your PLI status gives you instant access to important data, enabling you to make well-informed decisions about your financial future.

Policyholders may now easily check the status of their policy thanks to the many services that have been made possible by the rapid growth of technology. To find out how to check the status of your postal life insurance policy, continue reading this page.

Understanding Postal Life Insurance

Established by the Indian government in 1884, postal life insurance provides life insurance through a nationwide network of post offices. This particular insurance plan primarily serves people who might not have easy access to regular financial institutions or who would just rather have a quick and easy solution. postal life insurance offers a variety of products, including annuity products, whole life assurance, and endowment assurance. 

Each kind of plan has unique characteristics that meet a range of purposes, including retirement planning, savings, and protection against unanticipated catastrophes. 

Millions of Indians looking for cost-effective yet complete life insurance may trust India Post Life Insurance Ltd. since it guarantees quick and effective claim settlements. Postal life insurance programs have covered more than 5 million people, making it one of the biggest providers of life insurance in the country. In its early days, the highest insurance sum limit was INR 4,000; currently, it is INR 50 lakh.

Read More: Best Postal Life Insurance Plan

Types of Postal Life Insurance

The six policy types offered by the postal life insurance system are as follows:

Suraksha: Whole life Assurance Policy

This policy pays the policyholder the whole amount guaranteed plus any accumulated bonus at the policyholder’s death or at age 80, whichever comes first. After the insurance has been completed for three years, the policyholder is also eligible to use a lending facility.

• Age range: 19 to 55 years.
• Minimum amount insured: INR 20,000.
• The maximum sum insured: INR 50,00,000.
• You can get a loan after four years.
• You can cancel the coverage after three years.
• You can convert the insurance to an endowment policy after one year and before the age of 57.

Santosh: Endowment Assurance Policy

At maturity, the policyholder receives the accrued bonus and the sum insured, which is decided at the time of purchase. After the insurance has been completed for three years, the policyholder is also eligible to use a lending facility.

• Age range: 19 to 55 years.
• Minimum amount insured: INR 20,000.
• The maximum sum insured: INR 50,00,000.
• You can cancel the coverage after three years.
• The policy can be converted into any other form of endowment insurance, subject to the scheme’s terms and conditions.

Suvidha: Convertible Whole Life Insurance Policy

The policyholder of Suvidha, a convertible whole life insurance policy, can convert their policy from whole life to endowment assurance or the other way around. After the insurance has been completed for three years, the policyholder is also eligible to use a lending facility.

• Age range: 19 to 50 years.
• Minimum amount insured: INR 20,000.
• The maximum sum insured:  INR 50,00,000.
• You can cancel the coverage after three years.
• You can get a loan after four years.
• You can convert the insurance to an endowment policy after five years and before the age of 55. If not converted, the policy will be changed to whole life insurance by default.

Sumangal: Anticipated Endowment Assurance Policy

At maturity, the policyholder receives the accrued bonus and the sum insured, which is decided at the time of purchase. After the insurance has been completed for three years, the policyholder is also eligible to use a lending facility.

• The policy has a 15-year duration with an age range of 19 to 45.
• The policy has a 20-year lifespan with an age range of 19 to 40.
• Periodical survival benefits under the 15-year tenure policy include 20% of the sum promised given after six, nine, and twelve years. On maturity, 40% of the promised value is provided, together with a bonus.
• Periodic survival benefits for a 20-year policy: 20% of the total insured is paid after eight, twelve, and sixteen years. At maturity, 40% of the cash insured is provided as a bonus.

Yugal Suraksha: Joint Life Assurance Policy

With only one premium, this insurance provides coverage for both couples. After the insurance has been completed for three years, the policyholder is also eligible to use a lending facility.

• Minimum amount insured: INR 20,000.
• The maximum sum insured:  INR 50,00,000.
• You can cancel the coverage after three years.
• If one of the spouses dies, the death benefit is paid to any of their survivors.

Bal Jeevan Bima: Children Policy

The policy that offers insurance coverage to the policyholder’s children is called Jeevan Bima: Children Policy. In the event of the policyholder’s death, no premium payments are due.

• Maximum number of children eligible: 2
• Children’s ages range from five to twenty years.
• The policyholder’s age should not exceed 45 years.
• Bal Jeevan Bima does not demand any premium payments if the policyholder dies.

How To Check Your Postal Life Insurance Status Online

Everybody with a Postal Life Insurance coverage would eventually need to verify the validity of their insurance. But in the past, customers would usually have to wait in line outside the post office to talk with an officer about their question or even to pay their premiums. 

The internet has significantly simplified living in the modern day. PLI policyholders may now do a variety of policy-related tasks online, saving them money and time by eliminating the need to travel to the post office. These are a few ways that a person may check the status of their PLI insurance online.

Online account for Postal Life Insurance

On the postal life insurance website, all current policyholders—new and old—can establish an online account for themselves by providing their name and other pertinent policy information. To check the status of their postal life insurance policy, policyholders only need to establish an account, input their login information and the captcha, and click “submit.”

By Email

Policyholders can write to either pli.dte@gmail.com or amplidte@gmail.com to inquire about the status of their Postal Life Insurance policy.

Through Postal Life Insurance Website: 

To check your postal life insurance status online, you can follow these steps:

• Visit the India Postal Life Insurance official website.
• Log in to your account using your customer ID and password.
• Click on the “Proposal Track” button.
• Enter your Proposal Number.
• Click on the “Check Status” button.
• The status of your policy will be displayed on the screen

Benefits of Postal Life Insurance 

The list of possible advantages of selecting a postal life insurance policy is provided below. Let’s examine them now.

Superlative Returns: Postal life insurance has the lowest premium requirements and offers the finest bonus and insurance coverage when compared to other Indian insurers. One of the main benefits of selecting postal life insurance is this.

Nominee Appointment and Modification: Postal life insurance permits the designation of a candidate for the policy. Furthermore, the insured may choose a different nominee at any time throughout the coverage.

Policy Pledge: The insured party may provide the Heads of the Circle a pledge of the policy in exchange for a loan. The policyholder may utilize the service beyond the expiration of the three-year term of the endowment assurance insurance. For the policyholder of the full life assurance, this duration is four years.

Assignment Facility: A policyholder may get a loan by designating their insurance to any financial institution.

Restoration of a Canceled Policy: An insured person may reactivate a policy that has expired. If an insured individual with fewer than three years of coverage misses six consecutive premium payments, their policy will lapse. In the event that 12 consecutive premiums are unpaid, the policy—if it is older than three years—will be terminated.

Issuance of Duplicate Policy Documents: If the originals are misplaced, destroyed by fire, frayed, or suffer other harm, duplicates may be provided.

Policy Conversion: The policyholder may convert a whole life insurance policy into an endowment insurance policy. A shift between various endowment assurance schemes may be conducted in accordance with the set rules and regulations.

Bottom Line

In conclusion, using the official India postal life insurance website to check your insurance status online is a quick and easy process. You may simply get information about your policy by following easy steps including entering your proposal number, checking in with your customer ID and password, and selecting the “check status” option. 

Without requiring in-person visits or documentation, policyholders may quickly keep informed about the status of their insurance policies by using this PLI online service. Policyholders benefit from increased openness and accessibility, as it makes it possible for them to effortlessly monitor their PLI policies from any location with internet connection.