Postal Life Insurance is the oldest organization of its kind in the Subcontinent. Established by the British Raj in 1884, initially to assure the lives of postal mail runners, its services were gradually extended to other government employees as well. Nonetheless, its benefits were not available to general public until 1947. After independence Postal Life emerged as a key player in life insurance business and offered its services to every one.
Postal Life Insurance is the brain child of Ministry of Finance. Pak Post serves as its agent. However Director General Pakistan Post is exclusively responsible for managing, organizing and controlling its operations and marketing its various products. Postal Life is exempted from corporate and income tax. All the money generated is invested in Post Office Insurance Fund controlled by the Ministry of Finance. Pak Post gets a return at the prevailing government investment return rates. This policy ensures security of fund, attractive return and increased public confidence.
Postal Life has an unbeatable presence in the rural areas due to extensive network of post offices. Every post office serves as its outlet. This gives Postal Life an enormous advantage over its business rivals and helps to offer a wide range of insurance policies to customers at the lowest premium while ensuring highest bonus on their investment.
