PLI Policy Bond, Download ePLI Bond from Digilocker

Postal Life Insurance subscriber can get PLI Policy Bond on digilocker. Postal Life Insurance (PLI) Policy Bonds in digital format are now available to eligible policyholders through Digilocker India. It is a revolutionary step taken together by Dept of Posts. The Department of Posts has solved the problem of missing policy bond in postal life insurance. Now you will be able to download the policy bond in your mobile.

The department of posts launched a digital version of the postal life insurance policy i.e., ePLI bond. The Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) policy bonds are available in the ‘electronic form’, and the digital copy that means Digital Version of Policy Bond will be treated as a valid policy document by the department for all transactions.

The ePLI bond is made available in collaboration with DigiLocker, developed by the National eGovernance Division (NeGD) of the ministry of electronics & IT (MeitY). By securely logging in to the Digilocker, the user can download the digital copy of the Policy bond on their mobile phone. Both the Postal Life Insurance (PLI) as well as the  Rural Postal Life Insurance (RPLI) policy bonds are available in the ‘electronic form’.

ePLI Bond 2022
Name of the paymentPLI Policy Bond
TitleDownload PLI Bond or RPLI Bond on Online
SubjectPostal Life Insurance launched the ePLI Bond
CategoryBond
Websitehttps://www.indiapost.gov.in/
PLI Web Portalhttps://pli.indiapost.gov.in/
DigiLocker App LinkDigiLocker
PLI Policy Bond Details

ePLI policy bonds having a digital signature is valid proof and it shall be treated at par with the original policy bond issued by the Department of Posts for processing all types of Financial & Non-financial requests related to PLI/RPLI. The policyholder of PLI need not wait for the delivery of the physical copy of the PLI policy bond. This facility is available for all new and old policyholders.

If the user is holding multiple Postal & Rural Postal Life Insurance Policies like Endowment Assurance, Anticipated Endowment Assurance, Whole Life Assurance, Convertible Whole Life Assurance, Child Policy, Yugal Suraksha (in PLI) & Gram Priya (in RPLI), all of the policies can be downloaded immediately after the issue of the policy bond by the Department of Posts.

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. Similarly, the policyholder can use the ePLI Bond as proof, for effecting any changes that are required in the policy document like address change, nomination etc., without the hassle of carrying the physical copy.

How to download PLI / RPLI Policy bond from Digi Locker?

To download this Policy Bond, first you have to register by installing DigiLocker App. After that you have to verify your Aadhar details. For this OTP will come on your Aadhar Linked Mobile. After that you have to click on Postal Life Insurance in the Banking and Insurance section . Your PLI / RPLI Policy Bond will be downloaded after entering Aadhar number and OTP.

Three simple steps to get Postal Life Insurance bond (ePLI Bond) from digilocker.

  1. Register by downloading digilocker app from App Store
  2. Log in using Aadhaar
  3. Enter policy number, name and Date of birth and download the ePLI Bond.

What are the Benefits of ePLI bond?

  • The ePLI bond is the department’s first digital integration with DigiLocker, which will facilitate citizens in a meaningful way by providing ease of access and quick claim settlements.
  • Secured server authentication, embedded digital signature and encrypted QR code are some of the unique mechanisms developed by the department of posts to bring much needed digital transformation in the insurance sector of India Post. 
  • It will not only reduce the administrative overhead but also provide secure real-time verification of documents.
  • The department of posts aims to reduce the turn-around time for citizens for claim and maturity cases.
  • By securely logging in to the DigiLocker, the user can download the digital copy of the policy bond on their mobile phone. 
  • ePLI policy bonds having a digital signature is valid proof as per the Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries Providing Digital Locker Facilities) Rules, 2016.
  • If the user is holding multiple postal and rural PLI policies, it all can be downloaded immediately after the issue of the policy bond by the department of posts.
  • 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 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., without the hassle of carrying the physical copy.

Both old and new policies can be downloaded: If you have done any Postal and Rural Postal Life Insurance Policies earlier, then than can also be downloaded from Digilocker using this facility. These policies can be downloaded immediately after the issue of policy bonds by the DoP.  So, from now onwards policyholders need not wait for the physical delivery of the policy bonds.

Maturity settlement can be done using ePLI policy bonds: The digital copy of the policy bond will be treated as a valid policy document by the Postal Department and can be submitted at the post office from Digilocker mobile app for maturity settlement. For any change or correction in personal details like address, nomination, policyholder can use the ePLI Bond as proof, without the hassle of carrying the physical copy.

FAQs on ePLI Bond

  1. What is ePLI Bond?

    ePLI Bond is the digital version of the Postal Life Insurance Policy bond which needs to be printed, can be downloaded any number of times. You will get this bond through Digilocker. This digital bond will be valid for meeting all types of financial (e.g. maturity, loan) and non-financial requests (e.g. change of address, nomination) related to PLI/RPLI. In a way, the need for paper policy bonds will no longer be there. This e-bond will be available for both PLI and RPLI (Rural Postal Life Insurance) customers.

  2. What is DigiLocker?

    DigiLocker is an initiative of ministry of electronics & IT (MeitY) under Digital India programme. DigiLocker ties into Digital India’s vision of providing citizens a secure document access platform on a public cloud. It aims at ‘digital empowerment’ of citizens by providing access to authentic digital documents to citizen’s digital document wallet. 

*Disclaimer: We have published the above information for reference Purpose only, For any changes on the content we refer to visit the Official website to get the latest & Official details, and we are not responsible for anything

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