Everything you must know about postal life insurance


Postal Life Insurance (PLI) is a type of insurance that was first implemented in India on February 1, 1884, under the reign of the Queen Empress of India. It is considered to be one of the country’s first insurance programmes. During that time period, a programme aimed at improving the lives of Postal Service workers were put into action. After some time, it was made available to the Department of Telegraph. At this time, the administration of the policy is handled by the Postal Department of the Indian Government.

A performance parameter such as Rural Postal Life Insurance (RPLI) was launched by the government in 1995 for rural portions of the country, with a particular emphasis on poorer sections of the population receiving the same benefits.

Postal Life Insurance (PLI) provides customers with products that are not only convenient but also have premiums that are affordable to a certain extent. It provides plans for life insurance with exceptionally high returns on investment at very cheap rates.

Concerning the Postal Service’s Life Insurance

Since its beginnings as a welfare organization to provide advantages to Postal Department employees, PLI has achieved significant progress toward its mission. At the present time, it offers its policies to a wide variety of state and federal government departments. These departments include Nationalized Banks, Universities, Defense officers and people, and Government Aided Educational Institutions, including paramilitary units, to mention a few.

The Postal Liaison Office (PLI) is probably the only service that has broadened its operations into so many other fields, in addition to providing the standard mail distribution and collection operations. Customers now have access to Postal Life Insurance in such a way that is more streamlined and expedient as a result of the numerous new features that have been available as a direct result of advances in technology.

Who is eligible to purchase Postal life insurance plans?

The following kinds of people are eligible to apply for life insurance policies through the post office, provided that they are at least the minimum age required to participate in each plan:

  • Persons holding positions within the Central Government
  • Persons holding jobs within the State Government
  • People who have jobs in organizations that are owned by the Central Government
  • Persons holding jobs in organizations owned by state governments and operating in the public sector
  • People who have jobs in educational institutions
  • employees of educational institutions that receive financial assistance from the government
  • People who work for banks that are owned by the government
  • employees of municipal or regionally independent entities
  • People who are employed by joint ventures in which either the Central Government or a State Government has a share of at least 10%
  • individuals working for credit cooperative societies
  • Officers and other personnel in the armed forces
  • Officers and staff members of paramilitary organizations
  • Specifics of the Postal Service’s Life Insurance

Insured individuals are excluded from paying income taxes as a result of the program’s compliance with Section 88 of the Income Tax Act.

When you pay premiums in full and in advance for postal life insurance that will last for a period of six months, you will be entitled to a deduction equal to one percent of the cost of the premium.

You are entitled to a deduction on the premium that is equal to 2 percent of the total value if you pay a premium in advance for a policy period that is for a duration of twelve months. There is also a nomination facility available.


When applying for any type of insurance, the utmost caution is required on your part. After all, the most important thing for you to do is to safeguard the financial well-being of those you care about. In these challenging times, getting life insurance coverage is an absolute requirement that must be avoided at any cost. In light of the rapid spread of COVID-19 across the nation, it is prudent to safeguard your family’s financial future in order to preserve the well-being of those they love.