New Delhi: The Post Department has issued a digital version of the Postal Life Insurance Policy EPLI Bond. Customers will now have access to this policy through Digilocker. The Postal Department has said that Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policy bonds will now be available ‘electronically’. Its digital copy will be considered a valid document for all transactions. “This is the first merger of the department with Digilocker,” Dock Secretary Vineet Pandey said while launching the EPLI bond. The EPLI bond will be available in association with Digilocker. It was developed by the National e-Operations Division under the Ministry of Electronics and Meity.
You can download the policy bond immediately
The user has a number of postal and rural PLI policies such as Endowment Assurance, Anticipated Endowment Assurance, Whole Life Assurance, Convertible Whole Life Assurance, Child Policy, Couples Protection (in PLI) and Gram Priya (in RPLI), while all policies Can be downloaded immediately after release. Policyholders do not have to wait for the actual copy of PLI policy bond and this facility is available to all new and old policyholders.
The policyholder will have the benefit of submitting a digital copy at the time of maturity settlement at the post office from the issued section of the Digilocker mobile app, the statement said. The digital copy will be considered a valid policy document from the post office.
This work will be done without physical copy
The policyholder EPLI bond can be used as evidence of necessary changes in the policy document. No need to carry a physical copy for work like change of address and registration. RPLI Gram Suvidha is a convertible full life insurance plan, in which the insured also gets the option to convert it into a cover assurance policy. There is no maturity in the whole life policy. This is a traditional policy and offers bonus benefits. An individual can convert to Endowment Assurance after 5 years.
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Postal life insurance policy bonds now available online, can be saved in Digilocker