On a Sunday, at the once a week village reasonable, Rampravesh met Mangal Chand, the postman accommodating his village.
Interested to guarantee a safeguarded life for his partner Parvati and also daughter Rupa, even after his death, Rampravesh takes part in the adhering to conversation operating Mangal Chand.
Ram: Good afternoon Mangal jee. How are you?
Mangal: I am great. How are you doing?
Ram: All of us are fine. Mangal jee, I have a nephew who lives in Delhi. We had a word last evening and he informed me that he has actually purchased the Postal Life Insurance System. Do you understand anything regarding it?
Mangal: Oh yes. It is a very old plan, started in 1884. It is a sort of contract took part in by the Government to pay a provided amount of cash on the death of a specific to his candidate or to himself, if he survives the duration.
Rupa: Yet Mangal uncle, just what is the difference between PLI (Postal Life Insurance) as well as various other insurances?
Mangal: Beta, PLI is just for Government and also Semi-Government employees as well as PLI is the only Insurance firm that supplies low premium as well as high return. Also, PLI is guaranteed by government of India.
Ram: How many policies one can acquire? And also can I take plans for my youngsters also?
Mangal: Ram, you could take only one plan on your own and for 2 children.