How to check surrender value and loan eligibility in Postal Life Insurance?

 

Hi guys in this blog we are going to discuss on the topic how to check surrender value and loan eligibility in postal life insurance. If you are postal life insurance customer and you want to know your current surrender value or how much loan can be taken on your policy then you can easily know it online.

 

Many of us have a PLI policy and after paying some years we have need of some money or feel difficulty in paying the policy premium continually. In such conditions we want to know how much amount will we receive if we close the policy or how much amount will we get if we take a loan on the policy. In both cases you can check online in just few clicks.

 

Now the question is how we can check the loan amount or surrender value on a PLI policy. In this blog we are going to answer of this question in a few steps. If you want to know the whole process you can follow the following steps.

 

How to check surrender value and loan eligibility in PLI policy:

Before going to check the surrender value of PLI policy we need to generate customer Id. If you have not generate customer Id yet then create the customer Id by clicking on ‘Create customer Id’ option from the login page of postal life insurance. After generate the customer Id and password, follow the following steps.

 

STEP 1: Go to www.pli.indianpost.gov.in and open the home page of the website. In this page you will see a ‘login’ option on the top right corner of the page. Click on this option.

 

STEP 2: Now you are on the login page of PLI. Here you are asked to enter customer Id, password and captcha code to login. You will also see generate customer Id, forgot password and forgot user Id option. You can create Id and password by clicking on ‘generate customer Id’, reset password by clicking on ‘forgot password’ and reset user id by clicking on ‘forgot user id’ option. After entering the customer Id, password and captcha code on this page click on ‘login’ button.

 

STEP 3: Now you are logged in to your account. In this page you will see an option ‘service request’ on the upper bar of the page. As you click on the ‘service request’ option a list of different option will be displayed. Click on the option ‘loan’ from these list options.

 

STEP 4: You are redirected to the page where you will see your policy details. In this page you will see your policy number product name, policy type and the current status of the policy. Select the policy number for which you want to check the surrender value and loan eligibility and click on ‘get quote’ option.

 

STEP 5: In this new page you will see the policy number, interest percentage to be taken on loan, maximum loan amount can be taken, minimum loan amount can be taken, current surrender value on the policy etc.

 

This is how you can check surrender value on PLI policy. And how you can check loan amount can be taken on postal life insurance policy. To know the whole process you can also watch the following video. In this video we can watch the live process.