Dear Comrades,
ALLAHABAD: National Postal Week which began on Monday, October, 15, was celebrated as Postal Life Insurance
day. On the occasion, a grand postal life insurance mela was organised
in government/semi government offices of Allahabad region. The mela was
inaugurated by Director Postal services, Allahabad Region Krishna Kumar
Yadav.
Addressing the gathering on the occasion, Yadav said Postal Department was serving the public also with savings bank and postal life insurance schemes. Postal life insurance was started with effect from 1 February 1, 1984 for Central Government/State Government officials, Defence personnel, officials of Govt institutions, municipal corporation and boards, government universities, employees of nationalised 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.
Times of India
Addressing the gathering on the occasion, Yadav said Postal Department was serving the public also with savings bank and postal life insurance schemes. Postal life insurance was started with effect from 1 February 1, 1984 for Central Government/State Government officials, Defence personnel, officials of Govt institutions, municipal corporation and boards, government universities, employees of nationalised 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.
There are six schemes of Postal Life Insurance such as Suraksha,
Santosh, Suvidha, Yugal Suraksha, Sumangal and Children's policy.
Rural-Postal Life lnsurance Schemes for the benefit of villagers are
called Gram Santosh, Gram Suraksha, Gram Suvidha, Gram Sumangal, Gram
Priya and Children's policy. The minimum and maximum age limit of the
postal life insurance scheme is fixed between 19 and 55 years,
respectively whereas maximum age limit for the Sumangal scheme which
matures in 15 years and 20 years are 45 and 40 years, respectively.
Discussing benefits of the postal life insurance, he said Government was bound for 100 per cent security of investor's investment, relaxation in Income Tax under section 88, low premium and high bonus, loan benefit on the policies, deposit of premium at any post office in the country and rebate of 1 per cent & 2 per cent on advance premium of 6 months and 12 months, respectively.
Yadav said Postal Department had earned more than Rs 2-crore business on the occasion and 150 persons were insured in different schemes of Postal life insurance. Postal department will organise more melas in coming days, he promised.
Discussing benefits of the postal life insurance, he said Government was bound for 100 per cent security of investor's investment, relaxation in Income Tax under section 88, low premium and high bonus, loan benefit on the policies, deposit of premium at any post office in the country and rebate of 1 per cent & 2 per cent on advance premium of 6 months and 12 months, respectively.
Yadav said Postal Department had earned more than Rs 2-crore business on the occasion and 150 persons were insured in different schemes of Postal life insurance. Postal department will organise more melas in coming days, he promised.
Times of India
