Do you know your Post Office also offers postal life insurance (PLI) coverage? Even if you know, then there is a huge confusion among buyers, like whether to buy with the Post Office or with the Life Insurance Corporation of India (LIC), because the Government of India backs both. So, let’s see which one is best? What is Postal Life Insurance (PLI)? PLI (postal life insurance) is exactly like any Life Insurance company, for example, LIC or SBI Life Insurance. Post Office runs postal life insurance. Postal Life Insurance currently offers only traditional policies. Therefore, no term insurance or ULIPs …