Postal department to set up insurance firm in 2 years
After the launch of payments bank, the postal department has decided to set up an insurance firm as a special business unit within two years, Communications Minister Manoj Sinha has said. "[The] department...is now reincarnating itself," he added. At present, the postal department offers life insurance schemes including Postal Life Insurance (PLI), Rural Postal Life Insurance (RPLI), among others.