It was introduced in 1884 and is one of the oldest life insurance schemes for benefit of Government and semi-Government employees.
Rural Postal Life Insurance (RPLI), introduced on March 24, 1995 on recommendations of Malhotra Committee, provides insurance cover to people residing in rural areas, especially weaker sections and women living in rural areas.
Low Premium and High Bonus is the unique feature of PLI and RPLI schemes.
CVC To Launch New 'Integrity Index'
In News
The CVC has decided to go in for development of the integrity index-based on bench-marking of internal processes and controls within an organisation as well as the management of relationships and expectations of outside stakeholders.
The index is aimed to create an internal and external ecosystem that promotes working with integrity in public organisations.
It will be in line with the broader strategy of preventive vigilance and will promote systemic change for good governance within the organisation.
The integrity index will bring out annual scores and rankings of public sector undertakings, public sector banks and financial institutions, departments and ministries of the Government of India by linking the essential drivers of vigilance with long-term efficiency, profitability and sustainability of public organisations.
CVC has adopted a research-based approach for creating an integrity index that various organizations can use to measure themselves and which will evolve with changing needs.
IIM-Ahmedabad has been engaged to develop the Integrity Index.
Initially 25 organizations have been selected for development of the Integrity Index. Subsequently, it is proposed to extend the Integrity Index concept to all other CPSUs and organizations of Government of India.
