What is Postal Life Insurance (PLI) SBT-13 Form
Postal Life Insurance (PLI) is a government-operated insurance scheme that provides affordable life insurance coverage to individuals. The Postal Life Insurance (PLI) SBT-13 Form is a crucial aspect of the high-value Postal life insurance policy processing, serving as the application form for acquiring insurance under this scheme.
The PLI SBT-13 form, also known as theĀ Special Bio-Chemical Tests report form used for life insurance applications in India. It specifically focuses on 13 key health markers through blood and urine tests.
Understanding Postal Life Insurance (PLI) SBT-13 Form
The Postal Life Insurance (PLI) SBT-13 Form is designed for individuals who want to enroll for a high-value Postal Life Insurance policy i.e. either a single or aggregate sum assured of more than 20 lakh. PLI SBT-13 Forms capture essential medical test details about the policyholder and serve as a mandatory medical report to consider the high-value policy of the proponent for terms of the insurance contract. In short:-
Who needs PLI SBT-13 Forms:
- Applicants for Postal Life Insurance (PLI) policies with a sum assured exceeding ā¹20 lakhs (as of January 2024) i.e want to seek a high-value PLI policy
- Applicants for policy revival where the sum assured exceeds ā¹20 lakhs.
Purpose PLI SBT-13 Forms:
- Assess the applicantās overall health by analyzing key biochemical parameters.
- Help the insurance company evaluate the risk associated with issuing a life insurance policy.
Tests included in PLI SBT-13 Forms:
Ā | Type of Test | Actual Reading |
1 | Fasting Blood Sugar | Ā |
(Method ) | ||
2 | Total Cholesterol | Ā |
High Density Lipid (HDL) | Ā | |
Low Density Lipid (LDL) | Ā | |
3 | S. Triglycerides | Ā |
4 | S. Creatinine | Ā |
5 | Blood Urea Nitrogen (BUN) | Ā |
6 | S. Proteins | Ā |
(a) Albumin | Ā | |
(b) Globulin | Ā | |
Ā© AG Ratio | Ā | |
7 | S.Bilirubin | Ā |
(a) Direct | Ā | |
(b) Indirect | Ā | |
Ā© Total | Ā | |
8 | SGOT (AST) | Ā |
9 | SGPT (ALT) | Ā |
10 | GGTP (GGT) | Ā |
11 | S. Alkaline Phosphatase | Ā |
12 | HbsAg ( Australia antigen) | Ā |
13 | Elisa for HIV (Method ) | Ā |
Process of PLI SBT-13 Forms:
- The applicant fills out the PLI SBT-13 form and visits a designated laboratory approved by the insurance company i.e. any CGHS-approved laboratory.Ā
- The laboratory conducts the required tests and fills the form with the test results.
- The form is then submitted to the insurance company as part of the life insurance application.
Eligibility Criteria for PLI
Individuals must meet certain eligibility criteria to apply for a Postal Life Insurance policy (PLI) using the SBT-13 Form. Generally, government employees, including postal workers, and individuals affiliated with certain organizations are eligible for PLI.
Benefits of PLI SBT-13 Form
The PLI SBT-13 Form is used to assess the health condition of the proponent who wants to seek a high-value PLI policy,Ā based on the report of the PLI SBT-13 Forms, PLI can offer the best policy to the opponent.Ā
How to Fill Out SBT-13 Form
Filling out the SBT-13Form is a straightforward process.
- The applicant fills out the basic details in the PLI SBT-13 form ( Except medical test details)Ā and visits a designated laboratory approved by the insurance company i.e. any CGHS-approved laboratory.Ā
- The laboratory conducts the required tests and fills the form with the test results.
- The form is then submitted to the insurance company as part of the life insurance application.
Documentation Required
Along with the SBT-13 Form, applicants need to submit certain documents, including identity proof, address proof, and proof of income, to complete the insurance application process.
Submission Process
Once the SBT-13 Form and accompanying documents are prepared, applicants can submit them at their nearest post office or through PLI Agent to the tal Life Insurance department.
Importance of SBT-13 Form in PLI
The SBT-13 Form plays a crucial role in ensuring the smooth processing and determining the eligibility of high-value policy of proponent & maintaining transparency in the PLI system. It is a comprehensive record of the policyholderās details and insurance coverage.
Important Points
- The cost of the SBT-13 tests is borne by the applicant initially however the cost will be reimbursed to the insurant on acceptance of his high-value policy at CGHS rate.Ā
- The tests should be done within a specific timeframe, mentioned in the form.
- Any abnormal test results might require further investigation or consultation with a doctor.
PLI SBT-13 Form
Conclusion
Postal Life Insurance (PLI) offers a reliable and affordable insurance solution to individuals seeking financial protection. The SBT-13 Form is the mandatory report for the opponent who wants to purchase a high-value PLI policy, hence all the findings in this test must be reported by the insurance very carefully.Ā