POSTAL LIFE INSURANCE A HIDDEN TREASURE:-
Postal life insurance run by the Department of Posts under the Government of India was started about 130 years ago in 1884. It was started as a welfare measure for employees of the Posts and Telegraphs department. As it started becoming popular, it was extended for the rest of bodies. In 1995, the Rural Postal Insurance was introduced exclusively for villagers who account for a majority of our population.
PLI is the only insurer in the Indian Life Insurance market today, which gives the highest return (bonus) with the lowest premium charged for any product in the market. PLI is guaranteed by Government of India. Recovery of the premia through salary and passbook facility are also available. Loans and surrender facility available.
PLI premium paid is eligible for income tax savings under section 80 C of Income Tax Act.
for more details visit our website :- http://www.postallifeinsurance.gov.in/
