Consider the following statements about Postal Life Insurance and identify the correct one s 1 Launc...........

Economic Affairs Pension and Insurance

Consider the following statements about Postal Life Insurance and identify the correct one/s

1. Launched in 1884 it is the oldest life insurance available in the country.

2. Sampoorna Bima Gram Yojana is a scheme run by Ministry of Communications that aims to expand the coverage of Postal Life Insurance to rural poor.

Select the correct answer using codes given below

1 only

2 only

Both are correct

Neither is correct

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Explanation:

Both are correct

Postal Life Insurance (PLI) was introduced on 1st February 1884 with the express approval of the Secretary of State (for India) to Her Majesty, the Queen Empress of India.
SBG Yojana identifies at least one village (with a minimum of 100 households) in each of the revenue districts of the country and intends to cover all the households with a minimum of one Rural Postal Life Insurance (RPLI) in that village.

By: Abhipedia

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Rinki Goswami

schemes are not even part of course and this is being asked in FM and costing paper? is the paper even being set judiciously?. Seems like a waste of time