Postal Life Insurance is the oldest life insurer in the country, having started operations in 1884 when the Secretary of State for India under the British Government (representing the then British Monarch, Queen Victoria) gave an express approval for its set up on February 1, 1884. Initially mooted in 1881 as a welfare scheme to cover Her Majesty’s postal employees.
By the then Director General of Post Offices, F.R. Hogg, the scheme was soon extended to cover the employees of the Telegraph Department in 1888. Another feather in the cap for the fledgling organisation was extending the cover to female workers of the Posts and Telegraphs Department in 1894. This was at a time when no insurance company covered women.
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