Postal Life Insurance

E902171

Postal Life Insurance is a government-backed life insurance scheme in India that primarily serves employees of the postal department and other public sector organizations, offering various life insurance and savings plans.

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Statements (45)

Predicate Object
instanceOf government-backed insurance scheme
life insurance scheme
backedBy Government of India NERFINISHED
beneficiaries employees of Central Government
employees of State Governments
employees of autonomous bodies
employees of certain professional groups notified by Government of India
employees of educational institutions
employees of local bodies
employees of nationalized banks
employees of paramilitary forces
employees of public sector undertakings
benefitType life cover
savings
tax benefits as per prevailing laws
country India
distributionChannel post offices in India
postal department field staff
feature loan facility on eligible policies
long-term savings component
nomination facility
sum assured options with bonuses on certain plans
surrender value on eligible policies
languageOfService English
Hindi NERFINISHED
various Indian regional languages
operator Department of Posts, Government of India NERFINISHED
ownership Government of India NERFINISHED
planType anticipated endowment assurance
children’s policy
convertible whole life assurance
endowment assurance
joint life assurance
money-back type savings plan
whole life assurance
premiumPaymentMode cash payment at post offices
electronic payment channels
salary deduction for eligible employees
primaryBeneficiaries employees of Department of Posts
regulator Insurance Regulatory and Development Authority of India NERFINISHED
relatedScheme Rural Postal Life Insurance GENERATED
riskCoverage death
maturity
sector public sector
targetGroup salaried employees in government and public sector

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Ministry of Communications (India) oversees Postal Life Insurance