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  • Department of Posts launches digital version of Postal Life Insurance policy


    The Department of Posts on Tuesday launched a digital version of the postal life insurance policy - ePLI bond, which subscribers can access through Digilocker.

    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 for all transactions, the Department of Posts (DoP) said.

    While inaugurating the ePLI bond Secretary Posts Vineet Pandey said,”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.”

    ePLI bond is made available in collaboration with Digilocker, developed by the National eGovernance 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.

    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.

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Flash News 02-Dec-2021
  •  ( 17:36) Tega Industries IPO subscribed 13.87 times  
  •  ( 17:19) Anand Rathi Wealth IPO subscribed 1.60 times  
  •  ( 15:57) Mahindra Finance disbursements rise 14% YoY in November  
  •  ( 15:40) BDL inks Rs 471-cr deal with Indian Army  
  •  ( 15:22) HFCL appoints two industry leaders for its subsidiaries in US & Netherlands  
  •  ( 15:01) Skipper bags orders worth Rs 300 crore  
  •  ( 13:39) Benchmarks trade near day's high; The Nifty index re-claims 17,300 mark  
  •  ( 12:37) Oil & gas stocks rise for second day  
  •  ( 12:35) Indices trade with decent gains  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation tech platform  
  •  ( 11:06) Lupin arm, TTP PLC sign deal to develop soft-mist inhalation technology platform  
  •  ( 10:44) RattanIndia Ent. backed- Revolt Motors opens dealership store in Kolkata  
  •  ( 10:28) Maruti Suzuki November 2021 total production down 3% Y-o-Y to 1.45 units  
  •  ( 10:23) Globus Spirits wins tender for supplying ethanol to OMCs  
  •  ( 09:49) NMDC November 2021 iron ore production up 0.60% Y-o-Y to 3.34 MT  
  •  ( 09:29) Eicher Motors records 19% YoY drop in November motorcycle sales  
  •  ( 09:28) Hero MotoCorp sales drop 41% YoY in November  
  •  ( 09:28) Benchmarks drift higher in early trade  
  •  ( 09:18) Coal India November 2021 offtake nos. up 10.8% Y-o-Y to 56.8 MT  
  •  ( 08:56) JMC Projects (India) secures two orders in India worth Rs 1,795 cr  
  •  ( 08:29) US stocks end lower as Omicron and inflation worry investors  
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02 December 2021 00:00
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