PIB: Extending period for Postal Life Insurance & Rural Postal Life Insurance till 30th June 2020
Press Information Bureau
Government of India
Ministry of Communications
Extension of premium payment period for Postal Life Insurance & Rural Postal Life Insurance till 30th June 2020
In view of the threat posed by the outbreak of Corona Virus (COVID-19), and the complete lockdown across India, Central/State Governments have issued several advisories and imposed restrictions on the movement of general public. Postal Life Insurance/Rural Postal Life Insurance customers are facing difficulty in approaching post offices for payment of premia inspite of the fact that many Post Offices are functional as part of essential services.
As a measure of convenience to all the PLI / RPLI customers, Directorate of Postal Life Insurance, Department of Posts, Ministry of Communications has given an extension of period for payment of their due premium of March 2020, April 2020 & May 2020 upto 30th June 2020 without charging any penalty/default fee. The decision has been taken because The Department has advised Customers registered on portal to pay premium online using PLI customer Portal.
Source : PIB