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........ CITIZENS DUTY & SLOGAN ::: It shall be the duty of every Citizen of India to defend the Country and render National service when called upon to do so ... SLOGAN ::: "That loyalty to the Country becomes ahead of all other loyalties. And this is an absolute loyalty since one can not weight it in terms of what one receives" (Lal Bahadur Shastri) ..... face book page link for 4th AIC of AIPEU GDS ...https://www.facebook.com/106981442132718/posts/pfbid035srQe6UqacpeJWwUxp2YvpbTWn9oRVGQzH97yez1ieYpKKA9mLQYEciGeXaa3y1el/ ......... .......

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......... .............. CONGRATULATIONS TO THE SELECTED CANDIDATES FOR THE POSTS OF GDS ..................... 4th All India Conference of AIPEU GDS - 8th & 9th October 2022 -- Kasaragod - Kerala ......

MESSAGE FROM CHQ

... ... Dear Comrade newly elected Divisional / Branch Secretaries of AIPEU-GDS -- PLEASE SEND YOUR POSTAL ADDRESS WITH PIN CODE, MOBILE NUMBER, E-MAIL ID THROUGH SMS TO .. 6294343737 / 9748659815.. OR BY E-MAIL TO >aipeugdsnfpe@gmail.com< IMMEDIATELY................... CRUSADER TO GRAMIN DAK SEVAKS (2nd Edition -2016) is ready and can place indent to AIPEU GrC (CHQ), NEW DELHI-8....... One copy Rs.225/- (560 pages) ..... Send e-MO for Rs.250/- to receive one copy of the Book by Regd. Book Paket..........

Sunday, January 19, 2014

PLI loan - some important instructions

Postal Life Insurance (PLI) Loan
  • Loan is admissible on Whole Life Assurance (WLA), Endowment Assurance (EA) and Convertible Whole Life Assurance (CWLA) policies.
  • Currency of policy should be minimum of 3 years in case of EA and CWLA.
  • Currency of policy should be minimum of four years in case of WLA.
  • Policy should be unencumbered/ unassigned.
  • Loan Limit:
(a) Whole Life Assurance
Currency of Policy
Percentage of surrender value on which loan is admissible
More than 4 years to 7 years
60%
More than 7 years to 12 years
80%
More than 12 years
90%
  
(b) Endowment Assurance and Convertible Whole Life Assurance
Currency of Policy
Percentage of surrender value on which loan is admissible
More than 3 years to 5 years
60%
More than 5 years to 10 years
80%
More than 10 years
90%

Insurant should apply on LI-35 (loan application) and send to DDM (PLI) along with policy document and premium receipt book.
  •  Second and subsequent loan is admissible after a year if the first loan is fully repaid.
  •  Loan interest @ 10% p.a is calculated on six monthly basis.