Posts

Showing posts with the label PLI

POSTAL LIFE INSURANCE

Image
POSTAL LIFE INSURANCE Postal Life Insurance (PLI) was introduced on February 1, 1884 with the express approval of the Secretary of State (for India) to Her Majesty, the Queen Empress of India. It was essentially a scheme of State Insurance mooted by the then Director General of Post Offices, Mr. F.R. Hogg in 1881 as  a welfare scheme for the benefit of Postal employees and later extended to the employees of Telegraph department in 1888. In 1894, PLI extended insurance cover to female employees of P & T Department at a time when no other insurance company covered female lives. It is the oldest Life insurer in this country. In the beginning, the upper limit of life insurance was only INR4000 - which has now increased to INR10 lakhs for all schemes combined - Endowment Assurance and Whole Life Assurance. It now covers employees of Central and State governments, Central and State public sector undertakings, universities, government aided educational institutions, nationalized banks, lo

INDIA POST

Image
INDIA POST For more than 150 years, the Department of Post (DoP) has been the backbone of the India’s communication and has played a crucial role in the country’s socio-economic development. It touches the lives of Indian citizens in many ways: delivering mails, accepting deposits under Small Savings Schemes, providing life insurance cover under Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) and providing retail services like bill collection, sale of forms, etc. The DoP also acts as an agent for Government of India in discharging other services for citizens such as Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) wage disbursement and old age pension payments. With 1,55,618 Post Offices, the DoP has the most widely distributed postal network in the world. Its predominantly red coloured logo has three yellow swashes symbolising swift transfer of letters and documents. India Post in Devanagari and English are written on its top and bottom. htt