ALLAHABAD: As a part of the ongoing National Postal Week, Postal Life Insurance day was celebrated on Tuesday. On this occasion Postal Life Insurance melas were organized in government/semi government offices of Allahabad Region. On this occasion Director Postal Services, Allahabad Region, Krishna Kumar Yadav said the postal department is serving public with its savings bank and postal life insurance schemes along with the delivery of the letters.
Postal life insurance was started with effect from 01 February 1884 for central government/state government officials, defence personnel, officials of govt institutions, municipal corporation and boards, government universities, employees of nationalized banks, additional bodies of State Banks of India and Reserve Bank, operational units under central/state government, UTI, IDBI and employees of state insurance corporation. Yadav added that there are 6 schemes of postal life insurance such as Suraksha, Santosh, Suvidha, Yugal Suraksha, Sumangal and Children policy.
Rural Postal Life Insurance Scheme for the benefits of villagers also have Gram Santosh, Gram Suraksha, Gram Suvidha, Gram Sumangal, Gram Priya and Children policy. He said that the minimum and maximum age limit of the postal life insurance scheme is fixed for 19 years and 55 years respectively. Yadav also said that Allahabad Region has done business in insurance of more than one billion in this financial year, which includes 53 crore in Postal Life insurance and 48 crores in Rural Postal Life Insurance(RPLI). Besides 15 villages are being selected in each division to cover under Rural Postal Life Insurance.
Source : http://timesofindia.indiatimes.com
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