How to Download PLI Statement Online?

If you hold a PLI policy, you may need to access your policy statement for various reasons, such as verifying premium payments or checking the policy status.

So, how can you get the statement? By waiting in long queues at the post office? 

What if we say, no more waiting! Because you can download postal life insurance statements online without any hassle. 

Digitization has made everything easier than ever. If you are curious to know how to download PLI statements online then continue to read the blog. Here, we will walk you through all the detailed steps. 

Let's begin! 

What is Postal Life Insurance? 

The Postal Life Insurance was launched in 1884 as a welfare scheme to benefit employees in the postal department. But with time, the PLI has evolved and involved a broader audience, including the employees of Central and State Governments, Defence and Paramilitary Services, Public Sector Undertakings, RBI, Nationalised Banks, Cooperative societies registered with the government, and many more. 

The PLI mainly has 6 schemes that are developed to cater to the diverse needs of its beneficiaries. 

• Whole Life Assurance (Suraksha) 
• Joint Life Assurance (Suvidha)
• Anticipated Endowment Assurance (Santosh)
• Convertible Whole Life Assurance (Yugal Suraksha)
• Endowment Assurance (Sumangal)
• Children Policy (Bal Jeevan Bima)

How to Make Online PLI Premium Payment?

Policyholders can make the PLI premium payment using three different methods, i.e., India Post Web Portal, Postinfo mobile application, and India Post Payments Bank mobile banking application. 

Below is a detailed explanation of all the three methods. 

India Post Web Portal

• Visit the official website of India Post.
• Find out the Postal Life Insurance option. 
• As soon as you click on the option, you’ll get a pop-up stating, “You will be redirected to an external website. Are you sure you want to proceed?”
• Click on 'OK' to get redirected to the Postal Life Insurance page.
• In the left-hand corner, click on the 'Purchase a Policy' tab. 
• From the drop-down menu, click on the 'Initial Payment' option.
• Enter the 'Proposal Number'.
• Click on 'Submit' and move forward to make the premium payment.

 Postinfo Mobile Application

• Download the 'Postinfo' mobile application on your mobile.
• Open the app and click on the 'Insurance' option.
• Then, click on the 'Customer Login' option.
• Provide the correct Customer ID, Password, and Captcha code
• Then, click on 'Login'.
• After that, click on the 'Payments' option.
• Choose your policy number.
• Check the premium amount once and click on the 'Pay Now' option.

IPPB(India Post Payments Bank) mobile banking application for customers who have the IPPB Account

• Download and Log in to the IPPB application.
• Click on 'Post Office Services' and then on 'Postal Life Insurance'.
• After that, click on 'Pay Premium'.
• Click on 'Yes' to agree to all the terms and conditions.
• Enter the correct Policy Number and DOB (Date Of Birth).
• Then, click on the 'Continue' option.
• Check the premium amount once to see if it is correct or not.
• Then, again, click on the 'Continue' option.
• Choose your 'Customer Account' and verify the details. 
• Click on the 'Confirm' option.
• Give the correct MPIN. Once verified, your premium will be paid successfully. 

 You can also make premium payments online via credit card, debit card, net banking, or UPI options.

Steps to Download The PLI Statement Online

Here are the steps that you need to follow to download the PLI statement online. 

• Visit the official website of India Post.
• Look for the Postal Life Insurance option.
• Click on 'OK' to get redirected to the external website.
• In the top right-hand corner, click on the “login” option. 
• Enter the correct Customer ID, Password, and Captcha code. Then, click on 'Login'.
• Find out the 'Tools and Utilities' Section.
• Click on 'Payment History' from the drop-down menu.
• Click on 'Download' to get the statement for the PLI online premium payment.

Important: You can pay the premium of the PLI policy online every month. Also, the respective PLI statement is available online after 24 hours whenever you make an online premium payment. 

Now you know how to download the PLI statement. But let’s also understand how to make the premium payment online to generate the statement successfully.

Conclusion

Now, it’s clear that with a few clicks, you can download your Postal Life Insurance (PLI) statement online hassle-free. In short, you have quick and efficient access to your PLI details anytime and anywhere. 

Frequently Asked Questions (FAQs)

Ques 1. Can I download the PLI statement online? 

Ans. Yes. You can download the PLI statement online by any of the below two methods

• Through the official website of India Post or 
• Through the “Postinfo” mobile application. 

If you are a new user, you'll need to create an account first both on the website and app. 

Ques 2. Is there any app for PLI?

Ans. You can use the India Post Payments Bank (IPPB) mobile app to pay your PLI premiums. This app has made it very easy to manage payments and access other services related to your PLI policy. 

Ques 3. What are the benefits of downloading PLI statements online?

Ans. There are various benefits of downloading PLI statement online, such as:

• The policyholder gets access to their policy statement anywhere and anytime.
• Insured can easily check the status of their premium payments from their devices.
• It is very much cost-effective and less time-consuming.
• The online procedure is very easy to understand.

Ques 4. Are PLI premiums tax-free?

Ans. The premiums paid for a life insurance policy are eligible for tax deductions u/s 80C of the Indian Income Tax Act.

Ques 5. Is PLI a good investment?

Ans. Absolutely, Yes! PLI is considered a good investment as it offers high returns along with attractive bonuses, all at very affordable premiums.