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REVISION OF FINANCIAL POWERS IN PROCESSING OF PLI/RPLI POLICIES

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         After the implementation of PLI / RPLI Central Processing Centres to decentralize the work from CO/DO to Head Office level, the financial powers for accepting the proposal, maturity claim and death claim has been revised. Following are the revised financial powers. CLICK HERE PLI Directorate memo No. 25-1/2011-LI (Part) dated 14.03.2013.
Limits for acceptance of new proposals and settlement of maturity, survival benefit claims by different authorities:


1. Postmaster of CPC of Has headed by Sr. Postmaster/ Head Postmaster - upto Rs 5 lakhs of Sum Assured.

2. Director of CPC of New Delhi HOI Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.

3. Head of Division - above Rs 5 lakhs of Sum Assured and upto Rs 10 lakhs of Sum Assured.

4. Postmaster General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum Assured.

Limits for settlement of death claims by different authorities:

1. Postmaster of CPC of Has headed by Sr. Postmaster/ Head Postmaster - up to Rs. 2 lakhs of Sum Assured.

2. Director of CPC of New Delhi HO/ Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.

3. Head of Division - above Rs 2 lakhs of Sum Assured and upto Rs 10 lakhs of Sum Assured.

4. Postmaster General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum Assured.
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