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You have one year and days from your date of separation from service to apply for VGLI. After this, you are no longer eligible for VGLI. There are different criteria for applying within days from your date of separation or after days from your date of separation as noted below: If you submit a VGLI application within days following separation from service, please submit the application along with the first month's premium.
You do not need to provide evidence of good health. If you submit a VGLI application between days and one year and days after separation from service you need to provide proof of good health and enclose the first month's premium Premium assignment insurance login your application.
Your application may be disapproved if you are not in good health. If you use this form, you need to enclose a copy of your DD or other equivalent proof of service.
Ordinarily, a member must submit an application to the OSGLI with the required premium within days following separation from service. If a member is totally disabled at the time of separation from active duty and is granted extended free SGLI coverage, he or she may apply for VGLI anytime during the one year period of extension.
Individuals who are assigned to the IRR and ING have days after assignment to apply, without evidence of good health, and one year after that with evidence of good health. If an application or the initial premium has not been submitted within the time limits above, VGLI may still be granted if an application, the initial premium and evidence of insurability good health are submitted to OSGLI within 1 year and days following separation from service.
Applications will not be accepted after one year and days. An application for an incompetent member may be made by a guardian, committee, conservator or curator. In the absence of a court appointed representative, the application may be submitted by a family member or anyone acting on the member's behalf.
Payment Of Premiums Once your VGLI application is approved, the OSGLI will send you the insured a certificate of coverage and you will begin receiving bills on a monthly basis unless you are a retiree and choose to have the premium payments taken directly from your retirement pay.
There are several options available for the payment of premiums. For some of these options the insured may benefit from a discount of premiums. Visit the VGLI website to get the latest premium and rate information.Pay your life insurance premium today,get the premium receipt the very next day and get tax benefits u/s 80C.
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