Volume : III, Issue : V, May - 2013

An Outlook of Postal Life Insurance in the Current ERA

Mr. B. Muthukrishnan

Abstract :

The postal department has different types services offered to the public. They are communication, transportation, financial and value added service. The postal department provides one of the important services called postal life insurance. The insurance services play a vital role in postal department and there are two types of insurance. One the important and oldest insurance services are Postal life insurance and another one Rural Postal life insurance. Postal life insurance covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies etc. PLI also extends the facility of insurance to the officers and staff of the Defense services and Para–Military forces. Apart from single insurance policies, Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees (Gramin Dak Sevaks) of the Department of Posts. In this study focus on Indian posts overview, Indian posts various services, Indian post financial services of postal life insurance, different types postal life insurance schemes, PLI benefits, PLI financial performance and PLI performing circles in India. In this paper based on secondary data and discussed about the current scenario in postal life insurance.  

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Mr. B. Muthukrishnan An Outlook of Postal Life Insurance in the Current ERA Indian Journal of Applied Research, Vol.III, Issue.V May 2013

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