The Department of Post has released the digital version of the Postal Life Insurance Policy – EPLI bond. Now the subscribers will have access to this policy through Digilocker. The Department of Posts said that Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policy bonds will now be available in ‘electronic form’. Its digital copy will be treated as a valid document for all transactions.
Vineet Pandey, Secretary, Department of Dock, while launching the ePLI bond said that this is the department’s first integration with Digilocker. The ePLI bond will be available in collaboration with Digilocker. It has been developed by the National e-Operations Division under the Ministry of Electronics and IT (Meity).
You will be able to download the policy bond immediately
If the user has multiple postal and rural PLI policies like Endowment Assurance, Anticipated Endowment Assurance, Whole Life Assurance, Convertible Whole Life Assurance, Child Policy, Couple Suraksha (in PLI) and Gram Priya (in RPLI), then all the policies will be covered by Department of Posts. can be downloaded immediately after issuance of Policy Bond by
Policyholders need not wait for the delivery of the physical copy of the PLI Policy Bond and this facility is available to all new and old policyholders.
The policyholder will get the benefit of presenting a digital copy during settlement at the time of maturity at the post office from the Issued Section of the Digilocker mobile app, the statement said. The digital copy will be treated as a valid policy document by the Department of Posts.
This work will be done without physical copy
Policyholder ePLI Bond can be used as proof of any changes required in the policy document. No need to carry a physical copy for work like change of address and enrollment.
RPLI Gram Suvidha is a convertible whole life insurance plan in which the insured also gets the option to convert it into an Endowment Assurance Policy. There is no maturity in a whole life policy. This is a traditional policy and the benefit of bonus is available in it. One can convert it into Endowment Assurance after 5 years.
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