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Investment Operations

Pursuant to the decision of the Government that investment of Post Office Life Insurance Fund (POLIF) and Rural Post Office Life Insurance Fund (RPOLIF) will be handled by the Department of Posts, Union Cabinet in its meeting on 13th Dec 2007 approved constitution of Investment Board of PLI, creation of Investment Division and appointment of two Public Sector Mutual Fund Companies viz. UTI Asset Management Co. Limited and SBI Funds Management Private Limited, as Fund Managers. The Fund Managers invest the fund under ‘passive’ or ‘non-discretionary’ mode. Investment Board:

The Investment Board is the Apex Body for the purpose of laying down policy guidelines and investment strategy, which set the framework for day-to-day decision on investment. The composition and structure of the Investment Board is as follows:

  • Member (PLI), Postal Services Board, as Chairman.
  • Three Financial Experts to be drawn from outside, to be appointed in consultation with the Ministry of Finance.
  • One Joint Secretary from the Ministry of Finance/Department of Disinvestment (to be nominated by the Ministry of Finance).
  • Joint Secretary and F.A. of the Department of Posts.
  • Chief General Manager, PLI Directorate.
  • Consulting Actuary for PLI & RPLI.
  • Chief Investment Officer as Convenor Member.

Investment Division

Investment Division is located at Mumbai. The Investment Division is headed by Chief Investment Officer (CIO), supported by Four Directors (JAG level officer), one each for Accounts and Treasury, MIS, Debt and Equity and the support staff.

Page Last Updated On : 14-10-2016