Postal Life Insurance
Postal Life Insurance is the oldest
organization of its kind in the Subcontinent. Established by the British
Raj in 1884, initially to assure the lives of postal mail runners, its
services were gradually extended to other government employees as well.
Nonetheless, its benefits were not available to general public until
1947. After independence Postal Life emerged as a key player in life
insurance business and offered its services to every one.
Postal Life Insurance is the brain child of
Ministry of Finance. Pak Post serves as its agent. However Director
General Pakistan Post is exclusively responsible for managing, organizing
and controlling its operations and marketing its various products. Postal
Life is exempted from corporate and income tax. All the money generated is
invested in Post Office Insurance Fund controlled by the Ministry of
Finance. Pak Post gets a return at the prevailing government investment
return rates. This policy ensures security of fund, attractive return and
increased public confidence.
Postal Life has an unbeatable presence in
the rural areas due to extensive network of post offices. Every post
office serves as its outlet. This gives Postal Life an enormous advantage
over its business rivals and helps to offer a wide range of insurance
policies to customers at the lowest premium while ensuring highest bonus
on their investment.
For purchasing a policy any local Assistant Director Postal Life Insurance
could be contacted. Officers of the Assistant Directors PLI are mostly
located in General Post Offices. For query, clarification or settlement of
claims, Assistant Directors PLI are the focal points. Deputy Director
General Agency Functions deals with the subject at Pakistan Post
Headquarters G-8/4 Islamabad. Phone 92-51-9261571.
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Whole life
policy
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Joint life
endowment policy
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Education and
marriage endowment assurance
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Accidental
death and permanent disability benefit contract
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Annuity
policies
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Endowment
policy
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Anticipated
endowment (three payment) plan
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Child
protection policy
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Non medical
policy
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Group
insurance
