- About Coverfox
Postal Life Insurance (PLI) is the oldest insurance company in India which was formed on 1st February, 1884 under British India. The insurance company was initially set for the welfare of postal employees.
It is the first insurance company to cover female employees of P & T Department in 1894.
The company has grown substantially from a few hundred policies in 1884 to 6.4 million policies as on 31.03.2015. The company enjoys a vast network spread across the country with around 1,55,669 branches making it India’s largest and also the most trusted retail and financial services provider.
To claim the Postal Life Insurance policy you can download the form available on the company website http://postallifeinsurance.gov.in/static/DownloadForm.aspx
Fill the form and take it to the Post Office along with necessary documents for the claim process. The processing time for death and maturity claim is 30 days and for those needing investigation, the process time is maximum of 90 days.
Postal Life Insurance has been in existence from the 18th century. The plans are exclusive to public sector employees. The offerings from the company are simple to understand and offer the best returns in the market. The company has a wide network throughout the country and is amongst the most trusted Life Insurance companies in India.