The monthly premium paid by the employees of BHEL for postal life insurance (PLI) has crossed Rs. 1 crore.
To commemorate the event, a function was organised at BHEL on Tuesday, when A. V. Krishnan, Executive Director, presented the premium cheque for Rs. 1.03 crore to G. Natarajan, Director, Postal Service, Central Region, Tiruchi.
Mr. Krishnan said over 6,000 employees of BHEL have taken 8,200 postal life insurance policies and they are paying a premium of about Rs. 12 crore annually. Mr. Natarajan said PLI is the only insurer in the Indian life insurance market today, which gives the highest return (bonus) with the lowest premium charged for any product in the market.
He also said an online portal and call centre would be launched by India Post in two years, where customers could view the details, including premium details and survival benefit.
A cheque for Rs. 21.5 lakh was presented by the Director to the spouse of late Sajeev, security sub inspector, who recently passed away in an accident.