CURRENT AFFAIRS

Detailed explanation-1: -The Modi government has launched Sampoorna Bima Gram Yojana and expanded the coverage of Postal Life Insurance. With this, apart from government employees, PLI will now cover professionals also.

Detailed explanation-2: -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. It was essentially a scheme of State Insurance mooted by the then Director General of Post Offices, Mr.

Detailed explanation-3: -The Postal Life Insurance, or PLI, scheme is an insurance policy established in 1884 and is currently managed by the Department of Posts under the Government of India. The primary purpose of the scheme is to ensure the well-being of government employees through adequate life insurance coverage.

Detailed explanation-4: -The Gram Suraksha Yojana is a social security scheme where the insured is required to invest INR 1500 per month to earn INR 35 lakh at maturity. The entry age of the plan is 19 years. You can buy this plan online or visit the nearest branch of the post office to avail this plan.