Specific Information Service
BHUBANESWAR: Even because the Covid pandemic has introduced untold distress to the folks, hitting family incomes exhausting, the India Put up appears to have a distinct story to inform.
Regardless of the crippling affect of the virus, the Odisha circle of Division of Posts (DoP) has witnessed a big development in small financial savings and insurance coverage premiums.
The circle has garnered financial savings deposit of Rs 216.35 crore and insurance coverage premiums of over Rs 469.5 crore from throughout the State within the final fiscal. A whopping 7.8 lakh accounts have been additionally opened in a 12 months.
The State has 7,300 put up workplaces with round 2.2 crore accounts. The expansion has continued this fiscal too as Rs 50 crore of deposits and Rs 152.63 crore of premiums have been collected until July.
Officers stated, as earnings of individuals was severely hit attributable to lack of jobs and motion of individuals restricted following the Covid outbreak, small financial savings depositors reposed religion on the put up workplaces.
All put up workplaces within the State have been purposeful regardless of all odds throughout the pandemic. Postmen have been among the many only a few classes of public servants on street doing door supply of mail and cash orders on a regular basis.
Chief Postmaster Common (CPMG) Suvendu Swain stated each second individual within the State has a financial savings account with India Put up. “The expansion in variety of new financial savings accounts and enterprise signifies the turnaround time. Other than the deposits, funds of round Rs 558 crore have been home-delivered throughout the interval by way of India Put up Cost Financial institution (IPPB),” he stated.
So as to present aid to the agricultural financial savings account holders, India Put up has not too long ago raised the withdrawal restrict at put up workplace gramin dak seva branches from Rs 5,000 to Rs 20,000. This aside, varied profitable schemes even have helped the enterprise development.
The CPMG knowledgeable that round Rs 270.63 crore of premiums towards Postal Life Insurance coverage (PLI) and Rs 198.87 crore of premiums towards Rural Postal Life Insurance coverage (RPLI) have been collected in 2020-21 for a sum-assured of Rs 657 crore and Rs 425 crore respectively.
Whereas round 500 insurance coverage brokers have been engaged, it has been determined to nominate extra such brokers attributable to rise in demand for all times insurance coverage insurance policies within the rural areas.
“The rising insecurities in life will need to have been the rationale behind folks going for financial savings. The immediate fee of PLI and RPLI to the beneficiaries additionally helped folks to resolve in favour of investing in insurance coverage merchandise,” added Swain.
In 2019-20, financial savings deposit of Rs 208.15 crore and premiums of Rs 406 crore have been obtained and round 6.48 lakh new financial savings accounts have been opened. The division has round 24,000 workers within the State.