In news
ePLI bond is made available in collaboration with DIGILOCKER, National eGovernance Division (NeGD), Ministry of Electronics & IT (MeitY) Government of India.
Aim
The policyholder will get the benefit of presenting the digital copy during the maturity settlement at the Post office from the digilocker mobile app’s issued section. The digital copy will be treated as a valid policy document by the Postal Department. Similarly, the policyholder can use the ePLI Bond as proof, for effecting any changes that are required in the policy document like address change, nomination e.t.c without the hassle of carrying the physical copy.
Details
- DigiLocker has been providing a secure cloud-based platform for storage, sharing and verification of documents & certificates for various organisations.
- By securely logging in to the Digilocker, the user can download the digital copy of the Policy bond on their mobile phone. Both the Postal Life Insurance (PLI) as well as the Rural Postal Life Insurance (RPLI) policy bonds are available in the ‘electronic form’.
- ePLI policy bonds having a digital signature is valid proof as per the Rule 9A of the Information Technology (Preservation and Retention of Information by Intermediaries Providing Digital Locker Facilities) Rules, 2016 notified on February 8, 2017, vide G.S.R. 711(E).
- The policyholder will get the benefit of presenting the digital copy during the maturity settlement at the Post office from the digilocker mobile app’s issued section.
- The digital copy will be treated as a valid policy document by the Postal Department.
- Similarly, the policyholder can use the ePLI Bond as proof, for effecting any changes that are required in the policy document like address change, nomination e.t.c without the hassle of carrying the physical copy.
Source: PIB
