PLI Online Payment – How to Do Postal Life Insurance Online Premium Payment

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Best known for the benefit of rural people, who can’t afford expensive premiums on insurance policies, the Postal Life Insurance or PLI is one of the oldest life insurance policies in India. The facility of PLI online payment has made this policy easier for migrant laborers and rural people to pay their premiums on time from anywhere online.

So, gear up to understand the various benefits of paying PLI premium payments online. In this post, we will also throw light on different options available for you to pay your PLI online premium payment.

Benefits of Online Payments

The internet has indeed simplified our lives in multiple ways and the ease of paying online is one of those simple things. Here is the list of benefits one can reap through PLI online premium payments:

  1. 24×7 Fund Transfer: The best benefit of online premium payments is that you can transfer funds anytime 24×7 without stepping out of your home.
  2. Instant Fast Services: One can avail easy doorstep instant account opening services through online postal payments. These online payment options also make way for faster direct transfers through AADHAR.
  3. Easy and Hassle-free Payments: People opt for online PLI premium payment because it is an easy and hassle-free mode that can be done by downloading the merchant app on your smartphone.
  4. No Registration Charges: There are no extra charges for registering to a digital platform for online premium payments, so it comes as a cost-effective premium payment mode.
  5. Makes Way for Digital India: Through PLI online payment, you are been encouraged to support the drive for digital India. There is no fear of losing cash during the transaction.
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Options for Postal Life Insurance Online Premium Payment

Have a look at the various options for Postal Life Insurance online payment:

  1. Fund Transfer: Online fund transfer from one account to another can be done in multiple ways anywhere, and at any time of the day throughout the country. The two common ways of fund transfer are Immediate Payment Service or IMPS and National Electronic Fund Transfer or NEFT.
  2. IMPS: It is a common method to transfer money digitally even on holidays. IMPS can be used through any mobile banking app.
  3. NEFT: Through the NEFT service, a customer can transfer funds to any organization or individual. These payments can be done to any bank or branch across the country.
  4. Net Banking: Using the mobile banking app, you can easily pay PIL premium online without reaching out to post office counters. The same can be used to pay bills and recharge your mobile.
  5. Unified Payments Interface or UPI: Customers can transfer funds without downloading any UPI app or using a debit card. It is done with the help of a virtual payment address ID to make instant payments.
  6. QR Card: It is a secure way of making payments without using any ID or password. Payments are done using a QR code and an OTP for each transaction for proper authentication.
  7. AADHAR Enabled Payment System or APIs: A customer can also pay using the AADHAR Card. It is done through a Postal Online Payment System called AePS, which enables the customer to do all kinds of basic transactions.
  8. Real-Time Gross Settlement or RTGS: Transactions above Rs. 2,00,000 can be done using the RTGS facility initiated by the online postal payment system. Here, the user needs to use the IFSC code and the account number to make the payments through the mobile banking app.
  9. Online Payment Through Credit Card: A customer may also choose to pay the premium online using a credit card. For this, the customer must log in to the official PLI portal and then pay the premium using the credit card details.

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How to do Postal Life Insurance/PLI Login and Registration?

Generate Customer ID Generate Password PLI Login

Visit the PLI Customer Online Portal

Click on the registration link received on your registered email ID Log in to the PLI customer portal after 24 hours of setting the password using the User ID and the set password

Click on the ‘Generate Customer ID’ and fill in the details as per your policy

The link will take you to the ‘Set Password Page’, enter the password and click on the ‘Set Password’ option

Click on the ‘Submit’ option

You will receive the message for a successful registration

You will receive the Registration Link and the customer ID on your registered email address within 24 hours

Log in to the online PLI portal after 24 hours

Visit the registration link within 72 hours to complete the registration Enjoy paying PLI premium online

Things to Note Before Processing Online Premium Payments

  1. PLI online payments are available to people who have an account in India and are aged between 18 years to 50 years.
  2. Online PLI premium payment facilities are valid for Government schemes such as Pradhan Mantri Jeevan Jyoti Bima Yojna for a life cover of up to Rs. 2,00,000 per year.
  3. Online PLI premium payment facilities are provided by IPPB with PNB MetLife India Insurance Company Ltd. and are facilitated by mobile apps.
  4. After the amount gets debited from the customer’s account, then the customer gets a 45 days initial waiting period on the policy. This waiting period is not applicable in case the cover is not renewed the same year.
  5. The annual premium payable by the customer according to the revised structure is Rs. 330 for the enrolment period of June – Aug. It is Rs. 86 for the enrolment period of Sept – November.

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Conclusion

In a nutshell, you can try paying your premiums through a PLI online payment App or any other online PLI payment option. Make sure not to forget to pay these payments if you wish to enjoy the benefits of these life insurance policies.

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FAQs: Postal Life Insurance Premium Payment Online 2023 Guide

How to check my PLI premium online?  

Follow these steps to check your PLI premium online:
Visit the official Indian Post website https://www.indiapost.gov.in/vas/Pages/IndiaPostHome.aspx
Click on Postal Life Insurance Tab
Click OK and get redirected to another page
Click on the ‘Login’ tab on the top right corner of the new page
Fill in your Customer ID and password to log in
Fill in the CAPTCHA and pay the premium online

How to download the PLI premium receipt online?  

To download the PLI premium receipt online follow these steps:
Visit the official India post website
Click on the ‘Login’ option
After logging in go to the ‘Tools and Utilities’ option
Select the ‘Payment History’ option
Enter your policy number and click on ‘Get Payment History'
Download the payment receipt

Which is the best PLI online payment App to pay PLI premium online?  

Try using the IPPB mobile app to pay your online PLI payments. For this, download the IPPB app on your mobile phone and ensure paying the premium online.

Can I pay the PLI premium through Paytm App?  

Yes, you can pay PLI premium online through the Paytm App. For this, log in to Paytm.com and get the confirmation for the premium payment after the payment.

How do I pay online at the post office?  

Try paying online from the post office using your Credit Card or Debit Card. You may also try using the Postal Saving Bank Net Banking Account for online payment.

How to create a postal account online?  

Follow these steps to create a postal account online:
Visit the Indian Post eBanking website
Click on the ‘New User Activation’ option
Fill in the required details such as the customer ID and the account ID
After successful activation, you will receive your User ID to access the online postal account

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Apr 03, 2023
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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