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.
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Doubt Raised
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Clarification
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1
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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?
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The limit of Rs. 5 lakh is for Sum Assured Bonus payable is not included in the aforesaid limit.
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2
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Whether persons working in Govt. organizations, Nationalized Banks, PSUs etc. on contract basis are eligible for taking policy of PLI?
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No. Since their services can be terminated anytime. If their specified requirement is over in that organization.
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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)
