Postal life insurance is a financial instrument that has consistently increased coverage over the years. It is an affordable investment to help investors accumulate funds based on their financial requirements. And technological advancement has made managing the postal life insurance policy simple online. Here is a detail explaining the steps to download the PLI statement online.
 

Before we get started, let us know what postal life insurance means to understand the online features better.
 

What Is Postal Life Insurance?
 

Postal life insurance was a welfare scheme started in the year 1884 for the benefit of the employees in the postal department. It is one of the oldest insurers for life insurance in India. Postal life insurance is now being extended for the employees of Central and State Governments, Public Sector Undertakings, Defence and Paramilitary Services, RBI, Nationalised Banks, Local and Autonomous Bodies, Government headed educational institutions, Deemed Universities, and Co-operative societies registered with the government. Therefore, it does not apply to employees in the private sector.
 

There are six PLI schemes:
 

• Whole Life Assurance
• Convertible Whole Life Assurance
• Endowment Assurance
• Joint Life Assurance
• Anticipated Endowment Assurance
• Children Policy
   

The premium for the respective PLI policy can be paid online regularly every month. Moreover, the respective PLI statement is available online after 24 hours whenever you make an online premium payment. This statement for the PLI online payment is accessible on the PLI portal or the Postinfo mobile application.
 

Procedure to Download the PLI Statement Online

  

Here are a few steps that can aid in the PLI statement download online.
 

1. Visit the official website of India post.
2. Navigate to the Postal Life Insurance option.
3. Click on 'OK' to get redirected to the external website.
4. The 'Login' option is present in the top right-hand corner. Click on that option.
5. Provide the Customer ID, Password, and Captcha code and click on 'Login'.
6. Navigate to the 'Tools and Utilities Section.
7. Click on 'Payment History' from the drop-down menu.
8. Click to download the statement for the PLI online premium payment.
    

Now that we have seen how to download the PLI statement let us understand how to make the premium payment online to generate the statement successfully.
 

Online PLI Premium Payment
 

Investors can make the PLI premium payment using three different methods.
 

1. India Post Web Portal
   
   
   1. Visit the official web portal of India Post.
   2. Navigate to the Postal Life Insurance option.
   3. Click on 'OK' to get redirected to an external webpage.
   4. Click on the 'Purchase a Policy' tab in the left-hand corner.
   5. Click on the 'Initial Payment' option from the drop-down menu.
   6. Provide the 'Proposal Number'.
   7. Click on 'Submit' and proceed to make the premium payment.
       
2. Postinfo mobile application
   
   
   1. Download the 'Postinfo' mobile application on your mobile.
   2. Click on 'Insurance'.
   3. Choose the 'Customer Login' option.
   4. Provide the Customer ID, Password and Captcha code and click on 'Login'.
   5. Click on 'Payments'.
   6. Choose the respective policy number.
   7. Confirm the premium amount and click on 'Pay Now'.
       
3. IPPB(India Post Payments Bank) mobile banking application for customers having the IPPB Account
   
   
   1. Download the IPPB app on your mobile.
   2. Log in to the application.
   3. Select 'Post Office Services'.
   4. Select 'Postal Life Insurance'.
   5. Select 'Pay Premium'.
   6. Select 'Yes' to agree to the terms and conditions.
   7. Provide the Policy Number and Date Of Birth and click on 'Continue'.
   8. Check the premium amount and click on 'Continue'.
   9. Choose the respective 'Customer Account'.
   10. Verify the details and click on 'Confirm'.
   11. Provide the MPIN.
   12. Premium gets paid successfully.
        

Premium payment online can be made using a credit card, debit card, net banking, UPI options, etc.
 

Benefits of Downloading PLI Statement Online
 

Online applications provide a range of benefits to policyholders.
 

1. Allow the policyholders to access their policy.
2. View the status of their premium payments.
3. Manage the scheme in the comfort of being anywhere connected to the internet.
4. Cost-effective
5. Less time-consuming
6. Ease of usage
7. Available at any time
    

Life insurance plans help the policyholders secure their families in the event of their unexpected demise. Many life insurance providers in India offer a range of products with flexible features. In addition, individuals can compare and purchase online life insurance products. Individuals can access the features, compare the products based on cost and choose the most suitable product from our website. In addition, the policyholder can process the maturity benefit, or the nominee can process the claim settlement at any time completely online.
 

Conclusion
 

Postal Life Insurance is a safe investment option that helps the employees of different government establishments and other associated entities to secure their family's financial future. Technological advancements have driven insurers to provide access to online facilities such as paying the PLI premium online, downloading the PLI statement online, etc., to increase convenience and manage the scheme better. As a result, it is simple, easy to access, and extremely cost-effective.

L&C/Advt/2022/Dec/3365