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 – 201Recently 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)
