Insurance cheque worth ₹29.60 lakhs handed over by India Post

Chhatrapati Sambhaji Nagar |Representative

A cheque for Rs 29,60,152/- was handed over to the heirs of Mumbai resident Rishikesh Ratnakar Kulkarni, who had taken insurance cover under the Postal Life Insurance (PLI) scheme run by the Indian Postal Department.

Hrishikesh Kulkarni, an employee of Maharashtra State Electrical Transport, residing in Mumbai, had taken a Postal Life Insurance (PLI) of Rs. 15,00,000/- about twelve years ago. He unfortunately passed away during a brain surgery a few days ago. His heirs were given a cheque of Rs. 29,60,152/- including the insurance amount and bonus.

This cheque was handed over by the Postmaster of Jalna Head Post Office, Mr. Ganesh Paripelli, DOPLI of Chhatrapati Sambhajinagar Division, Sandeep Mahajan, and CPC Incharge, Rajiv Gawli.

Features of Postal Life Insurance (PLI) Scheme:

 More bonuses in less installments

 Tax deduction under Section 80C of the Income Tax Act

Safe schemes under the auspices of the Central Government

 Insurance coverage up to Rs. 50 lakh

 Available for employees as well as graduates and diploma holders

Officials said that the Postal Life Insurance Scheme is completely safe and reliable as it operates under the patronage of the President of India. The scheme is beneficial for the employees as well as graduates from various fields and the Postal Department has appealed to everyone to take advantage of this scheme.