Postal life Insurance an unbeatable presence in rural areas: Zehri

Postal Life Insurance has an unbeatable presence in the rural areas due to extensive network of post offices and a key player in life insurance business and offered its services to every one across the country. Every Post office serves as its outlet, which gives Postal Life an enormous benefits over its business rivals and helps to offer a wide range of insurance policies to customers at the lowest premium while ensuring highest bonus on their investment, Minister For Postal Service Israr Ullah Zehri while talking to reporter said here on Thursday.

He said that Postal Life Insurance is an unbeatable presence in the rural areas due to extensive network of post offices.

He said that Postal Life a key player in life insurance business and offered its services to every one across the country.

The minister Pakistan Post said that Postal Life Insurance Offers 10 profitable options whole life policy, Joint life endowment policy, Education and marriage endowment assurance, Accidental death and permanent disability benefit contract, Annuity policies, Endowment policy, Anticipated endowment (three payment) plan, Child protection policy, Non medical policy and Group insurance.

Highlighting the special features of Postal Life Insurance, he said that it offers the lowest premium rates.

He added that all policies including paid up participate in profits, premium payable on monthly basis and only up to the month of claim, besides Payment of premium in cash at any post office in Pakistan.

He added that no maximum limit for ordinary policies, Revival of lapsed policies on easy terms, Loan on policies, Highest rate of bonus, open to all, rebate on advance payment of premia, Payment of premia through salary bill deduction, Non-lapsing of policies of two years duration, liberal surrender value of PLI policies and payment guaranteed by government of Pakistan.