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India Post started a new pilot project, money will come directly into the accounts of two lakh PLI agents
A pilot project called Direct Incentive Disbursement has been started by India Post for agents selling Postal Life Insurance. Under this, the commission received on the sale of Postal Life Insurance will be directly transferred to the account. At present, it has been started by India Post in Delhi and Uttarakhand circles.
The incentives received by the salespersons selling Postal Life Insurance (PLI) on behalf of India Post i.e. Indian Post will now be directly credited to their account. For this, a pilot project has been started by Indian Post.
The official statement issued by India Post states that this move of Indian Post will benefit two lakh salespeople selling Postal Life Insurance directly. However, as of now this pilot project named 'Direct Incentive Disbursement' has been started in Delhi and Uttarakhand circles.
The statement further said that the initiative would benefit Gramin Dak Sevaks, Direct Agents, Field Officers, and departmental employees. It is also noted that the success of Postal Life Insurance depends on its employees, who are providing services to the customers. With this facility, the money will come directly into their account and there will be no need for physical checks, etc. earlier. This will make the process faster than before.
Under 'Direct Incentive Disbursement', post office agents will easily get the commission transferred to their post office savings account. Like government and private companies, you can also take life insurance from India Post. You can get life insurance up to Rs 10 lakh at the post office. Along with this, you can also take a loan against Postal Life Insurance. Like other insurance Postal Life Insurance premium has to be paid on a yearly, half-yearly, or monthly basis.
