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Showing posts with the label PLI/RPLI

Revamping of Marketing (Sales) Structure of PLI / RPLI

   

Revamping of Marketing (Sales) structure of PLI / RPLI

   

Gazette notification for Simple Reversionary Bonus on Rural Postal Life Insurance for the year 2014-15

 

PLI Child Policy-CP ( Bal Jiwan Bima)

Main Futures- To provide insurance cover to the two children of each existing PLI /RPLI policyholderprovided that only one such policy will be allowed for an insured against one policy.  Eligibility : This is an independent policy, however this policy can not be issued of its own to any child. If the father/mother (insured) of the child has already taken policy or is proposing to take policy on their life either as whole life or endowment Assurance for a sum assured not less than the sum assured of children policy then children policy shall be issued to such insured. Not more than one policy will be allowed for one child. The policy can be taken by insured for his/her own child only. Not more two children in a family shall be covered under this policy. The same child should not be covered under more than one policy. Any PLI or RPLI policy holder can apply for Child Policy for his two children's. Premium table is same for PLI or RPLI policy holder’s children policy. ...

ROLES & RESPONSIBILITIES OF VARIOUS OFFICIALS & OFFICERS ON IMPLEMENTATION OF CORE INSURANCE SOLUTION AND SET UP OF CPC AT HEAD POST OFFICES/GPO

ENHANCEMENT OF RPLI SUM ASSURED LIMIT
COLLECTION OF SERVICE TAX FROM ALL PLI/RPLI INSURANTS(EXCEPT J&K) FROM 01.01.2015
POSTAL LIFE INSURANCE(PLI) LIMIT RAISED FROM 20 LAKHS TO 50 LAKHS To mark the Good Governance Day, Telecom Minister Ravi Shankar Prasad today announced that the limit of postal life insurance has been raised from Rs 20 lakh to Rs 50 lakh, besides launching one-month rental-free MTNL broadband and landline combo plans on new bookings. The 21 schemes he announced also included support for international patent protection in electronics and an Internet-based real-time system to provide eServices in rural India. December 25 is being celebrated across the country as Good Governance Day, which Prime Minister Narendra Modi has said was ushered in by the previous NDA regime led by Atal Bihar Vajpayee and is being carried out in this government. It also coincides with Vajpayee’s birthday. “Good governance can be effectively achieved through the vision of Digital India of digital infrastructure as a utility to every citizen, governance and services on demand and digital empowerment of...
PLI-RPLI CLARIFICATION REGARDING RATE OF INTEREST PAYABLE TO CLAIMANTS

REVISION OF FINANCIAL POWERS IN PROCESSING OF PLI/RPLI POLICIES

         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 dif...

ADVANTAGES AT VARIOUS LEVELS - McCAMISH PLI SOFTWARE

Benefits of Field Officer / Direct Agent 1.      Increased Sales opportunities due to faster policy issuances and claims settlement. 2.      Single view of Customer details with the help of Unique Cus-tomer Identification ID. 3.      Introduction of Agent Portal leading of online availability of:- a.      Brochures, Sales material, Proposal forms, claim forms, policy servicing forms. b.      Customer’s Policy/ledger statement. c.      New Policy Features & Benefit. 4.      Automatic calculation of commissions leading to accurate and faster payments. 5.      Availability of information on Potential customers for more business. Benefits of Supervisor at CO/DO 1.      Improved Customer satisfaction due to faster policy issuance and service. 2.      Single view of...

POSTAL LIFE INSURANCE TO SELL POLICIES ON LINE.....

HYDERABAD: Postal Life Insurance (PLI) and Rural Postal Life Insurance(RPLI) will soon allow its users to purchase and view policies status online and even pay the premium.   Completing 130 years, Postal Life Insurance, the oldest Life Insurance scheme in the country, is all set to roll out Core Insurance Solutions (CIS) across all its 812 head post offices/CPCs and sub post offices as its second phase of technology upgradation, said Faiz-ur-Rahman, chief general manager, PLI. The CIS is set to be fully operational in the next six months and has been operating in over 100 head post offices across the country as a pilot project.   During an interaction in the backdrop of an award ceremony to felicitate the outstanding business performers in PLI and RPLI, the CGM said that they have set a target premium of `9,500 crore to be raised in 2014-15. It had raised `7,500 crore in 2013-14 and `5,200 crore in 2012-13. ‘’We are unique in the sense that we assure highest r...
Head Postmasters are unware of nitty-gritty of acceptance/Settelment of PLI/RPLI policy....Says Postal Administrative Union. No : AU/A-3/PLI-RPLI/ Dated 8.04.2014 To                    Ms. P.Gopinath Secretary, Deptt. of Posts & Chairman, Postal Service Board Dak Bhawan, Sansad Marg, New Delhi-110001 Sub : -  For immediate cancellation of the amendments of  Post Office Life                                            Insurance  Rules 2011 made through the notification nos.  25-1/2011        -LI (Part) dtd.  11.03.2014 and 14.03.2014. Respected Madam,                       This Union is really surprised a...
Postmasters are empowered to accept PLI/RPLI proposals and Sanction Death claims - Amendements to PO LI Rules 2011 Click here to  view PLI Directorate memo No. 25-1/2011-LI (Part) dated 14.03.2013.