PLI is the only insurer in the Indian Life Insurance market today which gives the higher  return (bonus) with the low premium charged for any product in the market.

A PLI/RPLI   policy holder may also get following facilities :-

  • Change of nomination.
  • The insurant can take loan by pledging his/her policy to Heads of the Circle on behalf of President of India, provided the policy has completed 3 years in case of Endowment Assurance and 4 years in case of Whole Life Assurance. The facility of assignment is also available.
  • Assignment of Policy to any Financial Institution for taking loan.
  • Revival of his/her lapsed policy. Policy lapses after 6 unpaid premia if it remained in force for less than 3 years and after 12 unpaid premia if it remained in force for more than 3 years.
  • Issue of Duplicate Policy Bond in case the original Policy Bond is lost, burnt or torn/mutilated.
  • Conversion from Whole Life Assurance -Gram Suraksha to Endowment -Gram Santosh Assurance and from Endowment Assurance -Gram Santosh to other Endowment Assurance-Gram Santosh  with reduced sum assured or reduced term  as per rules.


Page Last Updated On : 25-10-2016