pakpost.gov.pk Military Pension Payment Pakistan : Post Office

Organization : Pakistan Post Office
Type of Facility : Military Pension Payment
Country: Pakistan

Website : pakpost [dot] gov [dot] pk

Pakistan Post Office Military Pension Payment

Pakistan Post provides an extensive range of products and services to cater for both the personals and business needs of various segments of society. These traditional services constitute the core business of the Pakistan Post.

Related : AG Khyber Pakhtunkhwa Calculate Pension Online Pakistan : www.statusin.org/1085.html

Beside the core business Pakistan Post is performing so many other Agency and Financial functions. The Payment to the Military Pensioners is the one of mega function of Pakistan Post. Pakistan Post has been paying the pensions, on behalf of Pakistan Armed Forces to retired Military personals through their Savings Bank Account since 01-07-1993.

To overcome the problems and streamline the procedure, there was a dire need to computerize the Military Pension Payment System. In this regard, a computerized Military Pension Payment System has been implemented in phases throughout all GPOs across Pakistan.

Features of Computerized Military Pension Payment:
The benefits drives after computerization is as under :-
** The process of pension payment to the pensioner has been made possible only in 2 minutes approximately.
** The chances of double payment has been eliminated.
** The quality of services to our customers is improved.
** Paper work has been eliminated since all business reports have been computerized.

Military Pension Payment through Savings Bank

Savings Bank

Pakistan Post Savings Bank offers the largest network of savings bank services in Pakistan. Serving on behalf of Ministry of Finance, it has been playing a crucial role in encouraging and mobilizing savings among the general populace since long.

It is popular both in urban and rural areas, but its operations in rural Pakistan are wide spread and deep rooted. In fact in most of the remote areas, it is the only banking service available. Through its extensive network of post offices, Pak Post Saving Bank offers a number of very attractive saving bank schemes.

Savings Account (SA):
** Easy and simple transfer of account to any Post Office branch within the country
** No maximum limit of investment

Special Savings Account (SSA):
** Three years scheme, but investment can be withdrawn any time after one month.
** No maximum limit of investment

Savings Bank Mobile Account:
This service ensures safety in handling of money from one city to another. The account holder is required to deposit at least Rs. 2000 and is allowed to withdraw 75% of the the whole deposit in any GPO in Pakistan.
** Safe and reliable
** Guards against risk in handling cash during Journey
** Deposits earn profit

Postal Life Insurance

Postal Life Insurance is the oldest organization of its kind in the Subcontinent. Established by the British Raj in 1884, initially to assure the lives of postal mail runners, its services were gradually extended to other government employees as well. Nonetheless, its benefits were not available to general public until 1947. After independence Postal Life emerged as a key player in life insurance business and offered its services to every one.

Postal Life Insurance is the brain child of Ministry of Finance. Pak Post serves as its agent. However Director General Pakistan Post is exclusively responsible for managing, organizing and controlling its operations and marketing its various products. Postal Life is exempted from corporate and income tax. All the money generated is invested in Post Office Insurance Fund controlled by the Ministry of Finance. Pak Post gets a return at the prevailing government investment return rates. This policy ensures security of fund, attractive return and increased public confidence.

Postal Life has an unbeatable presence in the rural areas due to extensive network of post offices. Every post office serves as its outlet. This gives Postal Life an enormous advantage over its business rivals and helps to offer a wide range of insurance policies to customers at the lowest premium while ensuring highest bonus on their investment.

For purchasing a policy any local Assistant Director Postal Life Insurance could be contacted in Pakistan. Officers of the Assistant Directors PLI are mostly located in General Post Offices. For query, clarification or settlement of claims, Assistant Directors PLI are the focal points. Deputy Director General Agency Functions deals with the subject at Pakistan Post Headquarters G-8/4 Islamabad. Phone 92-51-9261571.

For those who are working abroad can purchas PLI Policy during their visit to Pakistan. For details, refer to Postal Life Insurance Website pli.com.pk.

Postal Life Insurance Offers 10 profitable options:
** Whole life policy
** Joint life endowment policy
** Education and marriage endowment assurance
** Accidental death and permanent disability benefit contract
** Annuity policies
** Endowment policy
** Anticipated endowment (three payment) plan
** Child protection policy
** Non medical policy
** Group insurance

Special Features

** Lowest premium rates
** All policies including paid up participate in profits
** Premium payable on monthly basis and only up to the month of claim
** Payment of premium in cash at any post office in Pakistan
** No maximum limit for ordinary policies
** Revival of lapsed policies on easy terms
** Loan on policies
** Highest rate of bonus
** Open to all
** Rebate on advance payment of premia
** Payment of premia through salary bill deduction
** Non-lapsing of policies of two years duration
** Liberal surrender value of PLI policies
** Payment guaranteed by Government of Pakistan