Launching a Micro-insurance drive near Coimbatore in Tamil Nadu to expand the rural Postal Life Insurance (PLI) network, Mr A Raja, Union Minister for Communications and Information Technology, said “Rural PLI policies are now being marketed not only by the postal staff and gramin dak sewaks, but also by engaging direct agents, anganwadi workers, self-help [...]

Office bearers of Life Insurance Agents Federation of India (LIAFI) met a host of dignitaries including Mr Pranab Mukherjee, Union Finance Minister, Mr S Jaipal Reddy, Union Urban Development Minister, Mr Rajnath Singh, Leader of the Opposition, Mr Rahul Gandhi, Lok Sabha MP to protest the Swarup committee recommendation phasing out agents’ commission.

In keeping with the directive of the Insurance Regulatory and Development Authority (IRDA) that the Department of Posts manage on its own the funds garnered by it under the Postal Life Insurance (PLI) scheme, a Reserve Bank of India official will be on deputation to India Post, to head the investment office, according to a [...]