News From Press Postal Life Insurance policy: When can you surrender PLI policy, how to surrender and more

Postal Life Insurance policy: When can you surrender PLI policy, how to surrender and more

Source: ET Sep 9, 2023

The Department of Posts has prescribed Standard Operating Procedure (SOP) in order to expedite the process of settlement of Surrender claims for postal life insurance policies. The department issued the SOP via an Office Memorandum dated September 5, 2023.

The Department of Post also informed the waiver on default fee on revival of a lapsed PLI/RPLI policy upto November 30, 2023.

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