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Are you curious to read and learn about the Postal Life Insurance Scheme, also referred to as the Post Office PLI Scheme? This article will go in-depth on the topic of the Postal Life Insurance (PLI) Scheme: its history, benefits, Plans, and more. Did you know that the PLI Scheme was ordered by the Queen Empress of India herself?
Continue reading to know about more such interesting facts about the PLI Scheme of India.
The Postal Life Insurance Scheme is one of the earliest welfare schemes introduced in India. In fact, PLI Scheme was introduced around 63 years prior to India’s independence in 1947. The PLI Scheme was founded on February 1, 1884, and was solely introduced as a welfare scheme for employees of the post office.
The PLI Scheme has come a long way since 1884, with many modifications and changes. Today, the PLI Scheme provides six types of life insurance schemes or plans for a variety of different audiences, including officers of the central and state governments, nationalised banks, RBI employees, professionals, and beyond.
The most important benefits of the Postal Life Insurance Scheme are:
There are six plans offered under the PLI Scheme, and they are:
You can also read in detail about the PLI plans.
Mentioned below are some of the lesser-known but interesting facts about the PLI Scheme:
This article is written by Team InsuranceLiya.com, an independent website that writes about insurance, finance, health, and more. Our writers have a wealth of knowledge, experience, and degrees in the fields of insurance, finance, economics, and beyond.