15 November 2012

Postal Life Insurance coverage extended to new groups

As a positive development and an appropriate strategy for publicity and securing business, Department of Post has approved expansion of the clientele eligible for PLI. Henceforth, the PLI can be extended to the following groups: 

•Employee engaged/appointed on contract basis by Central/State Government, where the contract is extendable. 

•Employees of Joint Venture in which Central/State Government/Public Sector Undertaking/ Nationalized Banks have minimum holding of 10 percent. 

•Members/employees of credit Cooperative Societies and other cooperative societies registered with Government under the Cooperative Socities Act and partly or fully funded from the Central /State Govt./RBI /SBI / NABARD Nationalised Banks and other such institute notified by Government. 

•Employees of Deemed Universities and Educational Institutes accredited by recognised bodies such as National Assessment and Accreditation Council, All India Council of Technical Education, Medical Council of India, etc.and or affiliated to Universities/ Boards etc.

•Employees of all Scheduled Commercial Banks.

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