Common FAQ's What is PLI? A contract entered into by the Government to pay a given sum of money on the death of an individual to his nominee or himself, if he survives that period. When did PLI start? PLI as a scheme is available since 01.02.1884. What is the difference between PLI and other Insurance? PLI is only for Government and Semi-Government employees. Moreover PLI is the only Insurer that offers low premium and high bonus. Is PLI guaranteed? If so, by whom? PLI is guaranteed by Government of India. Is there any limit to the number of policies one can take for children? One can take policies for two children. When did PLI start? PLI as a scheme is available since 01.02.1884. What is the necessity of sending the PLI Policy Bond to office address of the Insurant? Why can this not be sent to the residence of Policy holder? PLI policy is issued to people who are employed under Government/Semi-Government sector etc. That is why the policy bond is se...