Communications Minister Manoj Sinha launched the Sampoorna Bima Gram (SBG) Yojana and an initiative for expansion of clientele base of Postal Life Insurance (PLI). Under Sampoorna Bima Gram (SBG) Yojana, at least one village (with min. 100 households) will be identified in each of the revenue districts of the country. Coverage of all households is the primary objective of this scheme.
Under the scheme for expansion of PLI, benefits of Postal Life Insurance (PLI) will no more be confined to government and semi-government employees, but will also be available to professionals such as doctors, engineers, management consultants, charted accountants, architects, lawyers, bankers etc.
Important Takeaways from Above News-
- The PLI, introduced in 1884, is one of the oldest life insurance schemes for benefit of government and semi-government employees.
Source- Business Standard