ISLAMABAD: Pakistan Post generated Rs156,711.33m during the last five years (2009-14) through its insurance cover for customers.
Pakistan Post is constantly gaining profit under this cover showing an average increase of Rs3 to 4 million annually. According to the official statement, the Pakistan Post earmarked revenue of Rs34,495.495m during 2013-14 as compared to Rs31,367.911m in 2012-13, Rs27,536.721m in 2011-12, Rs25,980.307m in 2010-11 and Rs20,427.233m in 2009-10.
The fund was started in 1979-1980 with an annual revenue of Rs380.196m which gradually increased and now they are earning almost Rs35m every year under this scheme, officials told APP here on Monday.
Giving details, they said, in 2013-14 they issued 22,767 new policies including 21,990 civilian and 777 defence policies incurring sum assurance of Rs. 7,256.608 million.
On June 30, 2014, PP has a total of 415,561 policies including all new and old customers among which 411,012 are civilian clients while the defence clients are 4,549 with total sum assurance of Rs. 61,475.233 million.
