Postal Life Insurance is the oldest service of its kind in the subcontinent. It was established in 1884 initially to secure the lives of postal mail runners. Later on, its services were extended to other government employees as well. After independence in 1947, Postal Life Insurance emerged as a key player in the life insurance business and started offering its services to the general public through a vast network of Post Offices of Pakistan Post.
The Government of Pakistan (GoP) decided to establish a separate legal entity named “Postal Life Insurance Company Limited” (PLICL) independent from the agency of Pakistan Post. On 10th March 2020, the company was incorporated in Pakistan as a limited company under the Companies Act, 2017. It was registered under the Securities and Exchange Commission of Pakistan Insurance Division on 26th August 2020.
PLIC provides individual, group life and savings solutions through a vast network of over 10,000 Post Offices and 47 field offices spanning all over Pakistan.
With the help of the Ministry of Communications, Pakistan Post and the support of the Federal Government, the business is being transformed to adopt best practices, capitalize on its distribution strength and increase value for its large existing and new customers.