PO Rule Lookup
Paraphrased common post office rules: leave, pay, conduct, SB orders, PLI, delivery and GDS.
Postal Life Insurance is open to employees of Central/State governments, PSUs, local bodies, educational institutions and listed professions; Rural PLI covers rural residents.
Ref: PLI Rules 2011
The maximum sum assured under PLI schemes is Rs 50 lakh in aggregate per life; Rural PLI carries a lower maximum of Rs 10 lakh.
Ref: PLI / RPLI scheme rules
A rebate is admissible for half-yearly and yearly premium modes, and premiums can be recovered from salary where the employer permits.
Ref: PLI rules / insurant guide
A loan against the policy's surrender value becomes admissible after the policy has run for the prescribed period (normally three or four years depending on the plan).
Ref: PLI rules
A grace period is allowed for premium payment - about 30 days for yearly/half-yearly/quarterly modes and 15 days for monthly mode - before the policy lapses.
Ref: PLI rules
A lapsed policy may be revived within the prescribed period on payment of arrears with interest and, where required, a medical report or certificate of insurability.
Ref: PLI rules