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2. LOW PREMIUM ---- HIGH BONUS
Postal Life Insurance
LOW PREMIUM ---- HIGH BONUS
Fazli Sattar Khan Add DG (Operations) Phone:

3. Postal Life Insurance Established in 1884
Initially meant for low-paid postal employees
Its ambit stands extended to general public
Also available for sale to all Government Servants / Private organizations
Post Office Insurants Fund has risen from Rs.9.6 million to Rs.20 billion

4. A beautiful view of Shangrila resort Skardu
Objectives
Contribute to National Savings and progress of the country
Extend insurance business even to the remotest and neglected areas
Use of policy holder’s fund in the interest and welfare of the society
Maximum benefits to the policy holders at the minimum possible cost
Ensuring efficient and quality service to the policy holders
A beautiful view of Shangrila resort Skardu

5. Administrative Setup Chairman/ DG Pakistan Post
Add Director General (PLI)
General Managers (PLI)
Regional Directors (PLI)
Asstt General Managers (PLI)
Assistant Directors Field (PLI)

6. Salient Features of PLI Schemes
Ensures bright future and prosperity to the insurant and to the nation
Low premium rates with high bonus rates
Premium payable on monthly quarterly, six monthly and yearly basis
Payment of premium at any post office in Pakistan
Maximum limit is Rs.5 million
Centaurus Islamabad 

7. Risk of all sorts of casualties covered under the scheme
Compulsory savings for all
Insurance coverage on very easy terms and conditions
Loan facilities on policies
Attractive rebates on the advance payment of each yearly / 6 monthly premium
Payment guaranteed by Government of Pakistan
Muzaffarabad after Earthquake 9 Oct 2005

8. Types of policies WHOLE LIFE POLICY
Cheapest survival arrangement for a family against premature casualty of the bread earner
Premium can be paid till the age of 50,55,60 or 70 years as it suits to the insurant
The sum assured + bonus is payable at the attaining the age of 85 years or the casualty of policy holder

9. JOINT LIFE INSURANCE ENDOWMENT POLICY Purchasable for any sum
Payable at the expiry of the specified term or on his attaining the age of 30, years or on his death whichever is earlier
JOINT LIFE INSURANCE
Any sum payable at the expiry period of 10, years or at the death of either of the two insured persons

10. THREE PAYMENT PLAN
Insurants feel comfortable with TPP
Can be purchased for fixed term of 12, years
25 % of the sum assured is payable to the policy holder at the end of the one third of the term
25 % at the end of the two third of the term, 50 % along with the accrued bonus at the end of term
In case of death of the policy holder, total sum assured + full bonuses is payable to the claimant irrespective of the payments already made to the policy holder during his life time

11. EDUCATIONAL & MARRIAGE ENDOWMENT
Issued for the period ranging from 5-17 years
The period of endowment is timed as per requirement of the beneficiary child
In case of death of the insured before the specified date, the policy becomes a claim and payment of further installments are waived off
The amount of claim is deposited in S.B account in the name of the nominated child and is paid with accruing profits on the specified date/expiry of term

12. ACCIDENTAL INSURANCE
Issued in combination with whole life or endowment assurance as a supplementary contract
Minimum Rs
Payment of an additional amount of Rs for accidental disability. (for 5 Lac)
Supplementary contract ceases to be operative on maturity of the principle policy in the natural course
Disability includes loss of one or two of his hands/legs or eyes
Supplementary contracts are not admissible in case of non medical policies and in case of defence personnel

13. CHILD PROTECTION POLICY
CPP is issued jointly on the lives of the child and the father or mother
No other relative is allowed to be associated with the policy
It is issued when the age of the child is between 1 to 17 years as per details given below:
AGE ON ENTRY
MINIMUM
MAXIMUM
Child
6 months
17 years
Payer
20 years
50 years

14. GROUP INSURANCE
Under the Group Insurance scheme, the entire group, (all employees of a particular department are insured)
Premium is paid collectively by the department
Agreement is signed for one, two or three years
After the expiry period of contract the GM PLI may refund a part of the profit, if any revealed, to the party concerned

15. Strength of PLI
A relatively well organized system both in terms of management and its physical network
About 126 years of experience in Life Insurance
High bonus and lowest premium
Guaranteed by the state
Accessibility in the remotest areas of Pakistan through wide network 15

16. Departmental and non-departmental field force
Premium payable on monthly, quarterly, six monthly and annually
Confidence of general public in Pakistan Post and PLI
Exemption fromTax
Exemption from supervisory fee 16

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