How do I apply for a PLI bond?
The Department of Post in a statement said, “By securely logging in to the Digilocker, the user can download the digital copy of the Policy bond on their mobile phone. Both the Postal Life Insurance (PLI) as well as the Rural Postal Life Insurance (RPLI) policy bonds are available in the 'electronic form'.”15-Oct-2021
Download Indemnity Bond for applying duplicate PLI Policy
What is Indemnity Bond & affidavit?
Affidavit and Indemnity Bond is a document which affirms the other party to save him/her from loss caused to him/her by the conduct of the promisor himself, or the conduct of any other person. It is a document which serve as a security that in case of loss caused, the other person shall indemnify the same.
The Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policy bonds are available in the 'electronic form', and the digital copy will be treated as a valid policy document by the department for all transactions.13-Oct-2021
How can I check my PLI proposal status?
There are other ways that you can use to check the status of your policy: In case you have any query related to your policy, you can send a mail to the email ID pli.dte@gmail.com. You can also call on the toll-free number 1800 180 5232, 155232. You can also call their land line number 011 24673177.
Indian Postal Life Insurance has a lot of benefits to the policyholders.
What is bond of indemnity?
An indemnity bond is like a security for the bondholder. It protects the holder by ensuring compensation, especially during a personal loss. The bond has an agreement that safeguards the lender from a loss if the borrower defaults on a loan payment.26-Feb-2022
Losing the life insurance policy itself will not impact your coverage. The agreement stays in effect so long as you keep paying the scheduled premiums. The insurance company has a copy of the policy and is legally bound to follow those terms; you don't need to show your contract as proof.04-Nov-2021
Can I download LIC policy bond online?
a. Click on e-Services, login with your user-id and password. Register your policies for availing the e-services by filling up the form provided. Print the form, sign it and upload the scanned image of the form. Upload the scanned image of PAN Card or Aadhaar Card or Passport.
Indemnity Bond – Cost Bonds up to $25,000 are also issued immediately, but the cost is calculated at a rate of $20 per $1,000 of coverage. This bond involves a contract between 3 individuals – principal, oblige and surety.
What documents are required for indemnity bond?
c) Indemnity bond by security holder on a non-judicial stamp paper of requisite value duly attested by Notary, by the person in whose name the original share certificates are being issued that he has not sold / disposed-off the involved shares or acted in any manner by which any interest of third party would have been
Indemnity Bond has been prepared on a stamp paper and is duly notarized. There is no mandatory requirement of the same to be compulsorily registered.09-May-2016
Who is eligible for PLI scheme?
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.
Yes, before date of last premium, he can apply for its revival and after credit of due premium with interest @ 12% per annum and a good health certificate, he can continue this policy. After revival due bonus will be automatically attached with this policy.
Which PLI scheme is best?
6 Best Postal Life Insurance (PLI) Plans for Government Employees 2022
This PLI online statement can be accessed on the website of India Post or its mobile application called Postinfo.
How can I check my post office PLI status online?
Steps for Customer Registration
Whether you are across the street or across the world, you can always reach us at 1-828-210-4754. For your added convenience, our toll-free number for the United States and Canada is 1-800-752-1017.
How is PLI maturity amount calculated?
The following steps are to be undertaken in order to use the calculator:
{Basic Sum Assured X (Number of Premiums Paid/Total Number of Premiums Payable) plus total bonus received}X Surrender Value Factor.19-Sept-2012
What is indemnity bond in death claim?
If the claim amount is `25000/- or less, a Indemnity letter (in prescribed format Annexure-D) executed by all the legal heirs along with two sureties can be submitted. (To be stamped as an agreement - Need not be signed before Notary or Magistrate).
How do I apply for a PLI bond?