Started in February 1884, the Postal Life Insurance (PLI) is the oldest life insurer in India, which covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational institutions, Nationalized Banks, Local bodies, autonomous bodies, joint ventures having a minimum of 10 per cent Government/PSU stake, credit co-operative societies etc. It also extends the facility of insurance to the officers and staff of the Defence services and Para-Military forces.
