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Showing posts with label PLI. Show all posts
Showing posts with label PLI. Show all posts
How to Pay Postal Life Insurance (PLI) Premium Online @indiapost.gov.in
India Post is giving Online Payment facility for Postal Life Insurance Premium | Now you can pay PLI Premium Online at http://indiapost.gov.in | Postal Insurance Customers can pay their Monthly/Quarterly/Half Yearly Premium for PLI Online by using Debit Card/ Credit Cad/ Net Banking| Step by Step Process to Pay PLI Premium Online how-to-pay-pli-postal-life-insurance-premium-online
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| How to Pay PLI - Postal Life Insurance Premium Online @indiapost.gov.in |
How to Pay PLI Premium Online @indiapost.gov.in-Step by Step Process
1. Visit Postal Department Official Website www.indiapost.gov.in
2. Go to POstal Life Insurance
3. Click on Customer Login
4. Click on Generate Customer Id
5. Submit your Policy Details along withyour Mobile Number and Enail ID
6. Customer ID and Link will be sent to your Mail within 24 hours
7. Click on the Link sent to your Mail ID and set Password
8. With that Customer ID and Password you can Pay PLI Premium Online by using Debit/ Credit/ Net Banking
COUPON RE-SET OF POSTAL LIFE INSURANCE GOVERNMENT OF INDIA SPECIAL FLOATING RATE SECURITY, 2022
F.No.4(4)-W&M/2016
Ministry of Finance
Department of Economic Affairs
Budget Division
(W&M Section)
North Block, New Delhi-110001
Dated the April 13, 2016
NOTIFICATION
Coupon Re-set of Postal Life Insurance Government of India Special Floating Rate Security, 2022
F. No.4 (4)-W&M/2016: Government of India Postal Life Insurance Special Floating Rate Bonds, 2022 will bear interest at the rate of 7.78 per cent per annum for the financial year 2016-17. Interest rate on these bonds is in line with daily average yield of 10 years Government Securities in the preceding calendar year i.e. January 01, to December 31, 2015. Interest will be payable half yearly on September 30 and March 30.
By Order of the President of India
(Prashant Goyal)
Joint Secretary to the Government of India
Postal Department to Come Up With Insurance Policies for Girl Child, Women
CHENNAI: The postal department is planning to come up with insurance policies pertaining to girl child and women, according to Ms Anjali Devasher, Member Postal Services Board (Postal Life Insurance) and Chairperson of Investment Board.
Ms Devasher told reporters after giving away National awards for outstanding performance in postal life insurance and rural postal life insurance that the new policies are at the conceptual stage and refused to give any time-frame on when it will be introduced.
Talking about the IT project of India Post, Ms Devasher said that it will be rolled out once it is implemented in all the seven pilot circles.
She said that postal life insurance was started as an in-house life insurance scheme for the postal employees in 1884 and is now available to all employees of the Central and state governments including the defence and paramilitary forces, employees of PSUs, public sector commercial banks, autonomous bodies and universities and government aided educational institutions.
She said the scheme was extended to all persons residing in rural India in 1995 and is called Rural Postal Life Insurance Scheme.
She also said that the opening of foreign direct investment in the insurance sector will not affect the postal department. “We have a fixed clientele,” she said.
Shri V Pati, Chief General Manager of Postal Life Insurance said that the number of policies in postal life insurance and rural postal life insurance is almost Rs 2.86 crore. The corpus size is Rs 55,000 crore and the total sum assured for all policies is Rs 2,01,373 crore.
Source : http://www.newindianexpress.com/
POSTAL LIFE INSURANCE ONLINE CALCULATOR :
POSTAL LIFE INSURANCE INTRO
Postal Life Insurance is 117 years young. It was started in 1884 as a welfare measure for the employees of Posts & Telegraphs Department under Government of India dispatch No. 299 dated 18-10-1882 to the Secretary of State. Due to popularity of its schemes, various departments of Central and State Governments were extended its benefits. Now Postal Life Insurance is open for employees of all Central and State Government Departments, Nationalized Banks, Public Sector Undertakings, Financial Institutions, Local Bodies like Municipalities and Zila Parisads, Educational Institutions aided by the Government etc
PLI Premium Calculator : Online
Visit below mentioned Link to Calculate PLI Premium
RPLI COMMISSION PREPARATION TOOL FOR SUBOFFICE
Download RPLI Commission Preparation Tool For SO
RPLI Commission Preparation Tool for Sub Office has been developed by KarunaGaran SA Tiruppatur.
RPLI Commission Preparation Tool
Instruction
- Enter SQL Information of MM Server in This Tool.
- Click on RPLI commn Preparation option to Prepare Commission list.
- Take Report using Reports Option.
- Download
Developed by : R.KarunaGaran System Manager
Tirupattur HPO – 635601.
+919894213404 Karunagaran78@Gmail.com
Training Material and FAQ on CBS and PLI
Training Materials of CBS
Download a Training materials for CBS and may use for Practice and work purpose. you can access the following link to download the CBS training materials
Download
Training Materials for PLI
Download PLI McCamish Training materials from DMCC for the following listed materials PLI PPT, PLI OM PDF, PLI Simulation, Collected Job aid ready for printing, IP PLI App training system administration and more..Download
FAQ for CBS - it may contain 38 pages
Download Frequently asked question to clarify your doubt and clear it easy way. Infosys compiled most of the common issues we are facing in regular work. Kindly utilize this document using below link
Download
Courtesy : http://potools.blogspot.in/
New bonus rate in PLI
Simple Reversionary Bonus rate for the year ending 31.03.2010 on the Postal Life Insurance Policies on their becoming claim, due to death or maturity:-
Sl. No.
|
Type of Insurance Policy
|
Rate of Bonus
|
1
|
Whole Life Assurance (WLA)
|
Rs.85/- per thousand sum assured
|
2
|
Endowment Assurance (EA)
|
Rs.60/- per thousand sum assured
|
3
|
Money Back Policies (AEA)
|
Rs.55/- per thousand sum assured
|
4
|
Convertible Whole Life Policies
|
Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable
|
5
|
Terminal Bonus
|
Rs.20/- per sum assured of Rs.10,000/- subject to maximum of Rs.1,000/- for whole life policies and Endowment policies with term of 20 years and above.
|
The rate of Bonus for the year 2009-10 will be applicable from the date of receipt of this notification by the Circles and this will also be applicable to claim cases received but not settled till the date of receipt of this Notification.
Interim Bonus at the rates mentioned above will also be payable for all claims arising due to maturity or death until future valuation is completed.
Source:-Directorate of Postal Life Insurance Notification No.4-1/2008-LI dated 17th September, 2012
PRIEST - NEW APPLICATION FOR GENERATING PLI / RPLI BARCODE
Download
Software
Manual
Pre-requisite
Software
Manual
Pre-requisite
Operating Instructions for PRIEST Software
Installation Procedure
1. The Prerequisite for this software to install is ‘.Net Frame Work 3.5’
2. In case, this is not available in the system, in which ‘PRIEST’ software is being installed, Please down load it from using above link
3. Download the installation zip file from the above link.
Circle Configuration
1. Select Your Circle Name from the List.
2. Type the Prefix of your Circle Policy Number. i.e., first two Characters of policies of your Circle. [Ex: for Delhi Circle the Policy No is : DL-123457-CS’ , the Please type DL in the box for Policy Prefix.
3. Select the status of the Office. Either Divisional or Regional [if the Status is ‘HO’ then select as Divisional Office only ]
4. Press Save Button for saving the configuration.
5. Restart the Application once again to get PLI / RPLI Barcodes.
Operating Instructions For PRIEST Software
6. Generate the PLI / RPLI PR Labels using PLI/ RPLI Web Application under PR label generation
Report. (As being done regularly. Proposal Men >PR Label Printing->Enter Start Date and End Date
7. A PDF file will be generated. Please save this file with some name at a suitable location.
8. Now Open PRIEST Application to generate PR Labels with barcodes.
9. Select the Pr Label File that is generated and saved at Step 2, by clicking on the Browse Option.
10. After Selecting the File (PR Label file in PDF Format) click on Bar code PR Label Button and wait till the new file with barcodes is generated. The file will automatically open on the screen. Please print the same.
Source : http://potools.blogspot.in
Postal Life Insurance (PLI) Loan
- Loan is admissible on Whole Life Assurance (WLA), Endowment Assurance (EA) and Convertible Whole Life Assurance (CWLA) policies.
- Currency of policy should be minimum of 3 years in case of EA and CWLA.
- Currency of policy should be minimum of four years in case of WLA.
- Policy should be unencumbered/ unassigned.
- Loan Limit:
(a) Whole Life Assurance
| |
Currency of Policy
|
Percentage of surrender value onwhich loan is admissible
|
More than 4 years to 7 years
|
60%
|
More than 7 years to 12 years
|
80%
|
More than 12 years
|
90%
|
(b) Endowment Assurance and Convertible Whole Life Assurance
| |
Currency of Policy
|
Percentage of surrender value onwhich loan is admissible
|
More than 3 years to 5 years
|
60%
|
More than 5 years to 10 years
|
80%
|
More than 10 years
|
90%
|
- Insurant should apply on LI-35 (loan application) and send to DDM (PLI) alongwith policy document and premium receipt book.
- Second and subsequent loan is admissible after a year if the first loan is fully repaid.
- Loan interest @ 10% p.a is calculated on six monthly basis.