PIB Headquarters

Revival of discontinued / lapsed polices of Postal Life Insurance

Posted On: 14 MAR 2020 7:37PM by PIB Chennai

   In pursuance of amendments  to terms & conditions of Post Office Life Insurance rules 2011 vide notifications 25-1/2011-L1 (Part II)  dated 19th September 2019 & 2-1/2011-L1 dated 17th December 2019, policy holders of Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) are hereby informed  that policies which are discontinued / lapsed for a continuous period of 5 years from the date of first unpaid premium will not be eligible for revival of policy on or after 01.04.2020. As a one time measure, policies which have crossed the limit of 5 years since date of payment of last premium are being provided a window for revival upto 31.03.2020 subject to production of medical certificate of good health.  Policy holders of such policies who intend to revive their policies to enjoy insurance benefits may apply in writing to any nearest Post Office.   After the given date i.e.31.03.2020, such polices will not be revived and polices so lapsed will be treated as cancelled as per Rules, according to a press release issued by Chief Post Master of GPO, Chennai.

 

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