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 expension 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 Goverment, where the contract is extendable.

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

•Members/employees of credit Cooperative Socities and other cooperative socities registered with Goverment 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.

India Post Issues Stamps to Mark 20 Years of India Israel Diplomatic Relations

India and Israel diplomatic relations were established in 1992. To mark the occasion of 20 years of diplomatic relations, India Post has issued a set of two stamps (Joint Issue-each stamp of Rs. 5 denomination)depicting the festival of lights, Deepavali & Hanukkah, on 5th November, 2012. 

Hanukkah, is a Jewish holiday commemorating the rededication of the Holy Temple in Jerusalem at the time of the Maccabeen Revolt of the 2nd century BC. Hanukkah is observed for eight night and days, starting on the 25th day of Kislev according to the Hebrew calendar by lighting candles in windows or doorways on each of the eight nights of Hanukkah. The candles are lit in a unique candelabrum, the nine-branched Menorah or Hanukkah. 

Like the ‘diyas’ of Deepavali, the Hanukkah candles symbolize the triumph of good over evil and the victory of justice over injustice. 

The design of the Deepavali Stamps features a row of lit ‘diyas’ whereas a menorah is featured on the Hanukkah Stamp which is inspired by the wooden menorah used by the Jewish community in Mumbai. 

The stamps are valid for postal use till the stocks last. India Post Commemorates National and International events by releasing Commemorative and Special Postage Stamps. 

Source:-PIB

RPLI Bonus for the year 2008-09

Simple Reversionary Bonus rate for the year ending 31.03.2009 on the Rural Postal Life Insurance Policies on their becoming claim, due to death or maturity:-

Sl.	Type of Insurance Policy	Rate of Bonus
(i)	Whole Life Assurance (WLA)	Rs.65 per thousand sum assured
(ii)	Endowment Assurance (EA)	Rs.50 per thousand sum assured
(iii)	Anticipated Endowment Assurance (AEA)	Rs.47 per thousand sum assured
(iv)	Convertible Whole Life Policies	Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable

The rate of Bonus for the year 2008-09 will be applicable from the date of receipt of this notification by the Circles and this will also be applicable to claim cases received but not settled till the date of receipt of this Notification.

Interim Bonus at the rates mentioned above will also be payable for all claims arising due to maturity or death until future valuation is completed.