Postal Life Insurance

Postal Life Insurance is the oldest organization of its kind in the subcontinent, Established by 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 everyone. 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.