Postal Life Insurance Account Information

Postal Life Insurance is a scheme where you are offered Life Insurance cover with higher returns on the premium. Under this scheme, you can assure a maximum sum of Rs. 50 lakhs. Under this scheme, you can assure a maximum sum of Rs. 50 lakhs.. FEGLI (Life Insurance) If you are a full time employee you have life insurance through the Postal Service, known as Federal Employee Group Life Insurance (FEGLI). Many employees elect to pay for additional coverage when they are hired on, assume it is a great benefit, and never look at it again.. The mailing address is Office of Federal Employees' Group Life Insurance, P.O. Box 6512, Utica, NY 13504-6512. OFEGLI will need the form number, the quantity, the shipping address and the point of contact, in case of questions. Postal Service Insurance officers may request that a limited supply of Booklets be sent to major Postal field installations.. • The amount of life insurance one needs varies by individual. Some general guidelines to help you calculate your needs are on page 5. OFEGLI Service Standards • The Office of Federal Employees’ Group Life Insurance (OFEGLI) is an administrative unit of Metropolitan Life Insurance Company (MetLife) that pays claims for the FEGLI Program..

A Postal life insurance policy enters you into a long term relationship with the Department of Posts. During this long period you will have number of interactions with PLI. A life insurance contract has several features which need explanation. While the Policy bond given to you covers the contractual issues, you need a guide,....

Postal Life Insurance (PLI) was introduced on 1st February, 1884. It started as a welfare scheme for the benefit of postal employees and was later extended to the employees of the Telegraph Department in 1888.. With effect from 01-09-2018, acceptance of payments through Maestro Cards is discontinued. Visa/MasterCard/Diners and RuPay Cards will continue to be accepted. Postal Life Insurance  Eligibility PLI was actually established to offer life insurance to postal employees in 1884. In 1888, PLI extended the coverage to also include employees of the telegraph department. Then in 1894, the scope was further extended to also cover the female employees of the P&T department..