Vineet Pandey, Secretary Posts, while inaugurating the ePLI bond said, by providing ease of access and quick claim settlements, ePLI bond is the department’s first digital integration with Digilocker, which will facilitate citizens in a meaningful way
On Tuesday, the Department of Posts launched a digital version of the postal life insurance policy – ePLI bond, which subscribers can access through Digilocker. For all transactions, the Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policy bonds are available in the ‘electronic form’, and the digital copy will be treated as a valid policy document by the department, the Department of Posts (DoP) said.
Vineet Pandey, Secretary Posts, while inaugurating the ePLI bond said, by providing ease of access and quick claim settlements, ePLI bond is the department’s first digital integration with Digilocker, which will facilitate citizens in a meaningful way.
ePLI bond is made available in collaboration with Digilocker, developed by the National e-Governance Division (NeGD) of the Ministry of Electronics & IT (Meity).
“If the user is holding multiple postal and rural PLI policies like endowment assurance, anticipated endowment assurance, whole life assurance, convertible whole life assurance, child policy, Yugal Suraksha (in PLI) and Gram Priya (in RPLI), all of the policies can be downloaded immediately after the issue of the policy bond by the Department of Posts”, it said in a statement.
The policyholders need not wait for the delivery of the physical copy of the PLI policy bond, and the facility is available for all new and old policyholders.
“The policyholder will get the benefit of presenting the digital copy during the maturity settlement at the Post office from the Digilocker mobile app’s issued section. The digital copy will be treated as a valid policy document by the Postal Department”, the statement said.
Without the hassle of carrying the physical copy, the policyholder will also be able to use the ePLI Bond as proof for effecting any changes that are required in the policy document like address change, nomination etc.
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