DIRECTORATE OF POSTAL LIFE INSURANCE
Department of Posts, Ministry of Communications &
Information Technology, Government of India
Chanakyapuri Post Office Complex, New Delhi – 110023
No. 25-1/2011-LI
Dated 24.02.2012
To,
All Head
of Circles
Addl.
Director General (APS)
Sub: - Clarification in respect of Post Office Life
Insurance Rules – 2011
Recently
references have received from some Circles raising doubts on following points
for clarification thereon. The same have been examined and clarified as under:
-
Sl. No.
|
Doubt Raised
|
Clarification
|
1
|
Whether limit of Rs. 5 lakh prescribed for sanctioned of
maturity value of PLI/RPLI by Division Head includes total maturity value
payable or sum assured?
|
The limit of Rs. 5 lakh is for Sum Assured Bonus payable is not
included in the aforesaid limit.
|
2
|
Whether persons working in Govt. organizations, Nationalized
Banks, PSUs etc. on contract basis are eligible for taking policy of PLI?
|
No. Since their services can be terminated anytime. If their
specified requirement is over in that organization.
|
It is
requested to kindly circulate it among all concerned for their information and
action accordingly.
This has
the approval of Chief General Manager (PLI).
SD/-
(Vipin Malhotra)
Dy. Divisional Manager
(PLI)
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