PLI Loan Condition

PLI Loan Condition

1. Loan is admissible on Whole Life Assurance (WLA), Endowment Assurance (EA) and Convertible Whole Life Assurance (CWLA) policies.
2. Currency of policy should be minimum of 3 years in case of EA and CWLA.
3. Currency of policy should be minimum of four years in case of WLA.
4. Policy should be unencumbered/ unassigned.

Loan Limit:

(a) Whole Life Assurance

Currency of Policy Percentage of surrender value on which loan is admissible

More than 4 years to 7 years 60% More than 7 years to 12 years 80%
More than 12 years 90%

(b) Endowment Assurance and Convertible Whole Life Assurance

Currency of Policy Percentage of surrender value on which loan is admissible

More than 3 years to 5 years 60%
More than 5 years to 10 years 80%
More than 10 years 90%

• Insurant should apply on LI-35 (loan application) and send to DDM (PLI) along with policy document and premium receipt book.
• Second and subsequent loan is admissible after a year if the first loan is fully repaid.
• Loan interest @ 1

RBI may give payment bank licence to postal department in August: Ravi Shankar Prasad

Union Minister Ravi Shankar Prasad today said he expects Reserve Bank of India(RBI) to grant payment licence to the proposed Post Bank of India by August. 

This will enable the network of 1,54,000 post offices (including 1,30,000 rural post offices) to offer banking services to the masses in the country. 

"We expect RBI to give payment bank licence to post (department) in August," Minister of Communications and IT Prasad said. 

In last one year, the Department of Post (DoP) has networked 27,215 post offices into one national unit through computers. 

The DoP, which has applied for a payment bank licence, has a hybrid model in mind to operate Post Bank of India. 

As per RBI guidelines, payment banks would offer a limited range of products such as demand deposits and remittances. They will not be allowed to undertake lending activities and will initially be restricted to holding a maximum balance of Rs 1 lakh per individual customer. 

They will be allowed to issue ATM or debit cards as also other prepaid payment instruments, but not credit cards. 

According to a source, Prasad has approved hybrid model suggested by Ernst & Young which prepared detailed project report on Post Bank of India (PBI). 

"E&Y has come out with three models but suggested preference to a hybrid model. Under which about 600 branches will be directly operated by PBI staff in post office premises and transactions in other parts of the country will be supported by India post staff," a post bank official said. 

Post Bank of India is proposed to have its own employees and IT infrastructure. The transaction handled by India Post, employees will be entered in to the server of PBI. 

The Department expects revenue of over Rs 550 crore from PBI in first five years.

ATAL PENSION YOJANA – BENEFITS AND FEATURES BY PFRDA

Pension Fund Regulatory and Development Authority

First Floor, ICADR Building, Plot No 6, Institutional Area Phase II,

Vasant Kunj, New Delhi-110070

ATAL PENSION YOJANA – BENEFITS AND FEATURES

1. Anybody in the age group of 18-40 years can join !!

2. You can choose your pension plan from Rs 1,000/- to Rs 5,000/- per month.

3. Your contribution depends on your age and the pension plan you choose!

4. You can be a member of any existing PF/Pension scheme such as EPF/PPF/Govt. pension and still join APY!

5. You can be an Income tax payer and still join APY.

6. For (4) and (5) above, Govt. Co-contribution is not available but Govt. guarantee for pension will be available!

7. Govt. Co-contribution of 50% of subscribers’ contribution or Rs 1,000/- per annum, whichever is lower will be available for five years only to subscribers joining by 31st December 2015.

The monthly contribution chart for different age groups and pension amounts is given below:

Joining Age	Years of Contribution	Indicative Monthly Contribution under APY (Rs.)
		Monthly pension of Rs. 1000.Indicative return of corpus Rs 1.70 lacs	Monthly pension of Rs. 2000.Indicative return of corpus Rs3.40 lacs	Monthly pension of Rs. 3000.Indicative return of corpus Rs 5.10 lacs	Monthly pension of Rs. 4000.Indicative return of corpus Rs6.80 lacs	Monthly pension of Rs. 5000.Indicative return of corpus Rs 8.50 lacs
18	42	42	84	126	168	210
19	41	46	92	138	183	228
20	40	50	100	150	198	248
21	39	54	108	162	215	269
22	38	59	117	177	234	292
23	37	64	127	192	254	318
24	36	70	139	208	277	346
25	35	76	151	226	301	376
26	34	82	164	246	327	409
27	33	90	178	268	356	446
28	32	97	194	292	388	485
29	31	106	212	318	423	529
30	30	116	231	347	462	577
31	29	126	252	379	504	630
32	28	138	276	414	551	689
33	27	151	302	453	602	752
34	26	165	330	495	659	824
35	25	181	362	543	722	902
36	24	198	396	594	792	990
37	23	218	436	654	870	1,087
38	22	240	480	720	957	1,196
39	21	264	528	792	1,054	1,318
40	20	291	582	873	1164	1454

SUBMIT YOUR APPLICATION FORM AT YOUR BANK BRANCH
For more information, Please call on our APY Toll free No. 1800110069

DRIVES ARE NOT OPEN BY DOUBLE CLICK IN WINDOWS

When you double click to open C:\, D:\ or any other drive in My Computer and the drive doesn’t open and shows “Open With” option. That means your computer is infected with virus.

How to resolve drive opening issue due to virus infection?

When your computer is infected with virus, sometimes it creates anAUTORUN.INF file in your computer drives which causes drive opening problem by double click.

This AUTORUN.INF file is a read only and hidden system file that is created in your drives. This types of virus also disable the “folder options”setting so that you can’t access hidden system files.  This is intentionally done by the virus in order to protect itself.

There are so many methods to resolve this issue.

Method-1:

Remove all the AUTORUN.INF files from each drive and restart your computer. This can only be done by command prompt because virus has disabled “folder option” feature in the computer.

Step-1:

Open Task Manager using “Ctrl + Alt + Delete” option or Right click on Taskbar > click on Task Manager. Now end process wscript.exe if running. Then terminate explorer.exe process.

Step-2:

Once both wscript.exe & explorer.exe processes are terminated, Click on File menu in Task Manager and click on New Task (Run) option.

Type “cmd” into the open box and click on OK button. Once the command prompt is opened, issue following commands to delete AUTORUN.INF files from your drives.

del c:\autorun.* /f /s /q /a

del d:\autorun.* /f /s /q /a

C:\ & D:\ are drive letters on Windows System. If you have more drives or partitions then issue above command by changing drive letter as mentioned below.

del e:\autorun.* /f /s /q /a

Step-3:

Click on File menu in Task Manager and click on New Task (Run) option.

Type “regedit” into the open box and click on OK button. Once the registry is opened, navigate the following registry key and check the value name and value data for the key.

HKEY_LOCAL_MACHINE\SOFTWARE\Microsoft\Windows NT\CurrentVersion\Winlogon

The value name and value data is mentioned below, location of userinit may be different in case of different OS drive.

Userinit= C:\Windows\system32\userinit.exe,

Note: The value data in above path must have a , after path.

If the problem is not resolved and you face the same problem again after PC restart then below method will definitely resolve the issue.

METHOD-2:

STEP-1:

Go to START > RUN > Type “regedit” and press enter button to open registry.

Step-2:

Now press Ctrl + F to find the keys, values and data. Now write mountpoints2 in search box and click on find next button.

Once you find the mountpoints2, delete it from the registry.

Step-3:

Press F3 to search the same value till the end of the registry entry. If you get the same mountpoints2, delete the entry and press F3 again till all the mountpoints2 entries are deleted from registry.