The operative work in the office of the Director, PLI, Calcutta, is also being computerised. Financial Institutions like IDBI, IFCI, IRCI, UTI etc. Regional Rural Banks , Departmental canteens. The Policy can be continued by paying premium in cash in Post Office after quitting the service. Bonus rates are higher as compared to those of insurance schemes of any other agencies.
Risk is covered on the policy from the date of acceptance of the proposal.
PLI offers policies up to a maximum sum assured of Rs. 5 lakhs. Physically handicapped persons are also eligible to take PLI policies upto a face value of Rs. Whole Life policy can be converted into Endowment Assurance policies. A policy holder may apply for reduction of his monthly premium, and sum assured without altering the class of his policy. Facility of nomination and assignment is available.