........Welcome to abkantharajat.blogspot.in........Visit again to see latest updates.......

Click on the label Examination materiel 2012 to view all model questions and answer for IPO and PM Grade 1 exam........ For better view open this blog in google chrome......
......Impossible is Nothing.... ....Save Paper - Think before you print.....!

29 October 2012

PLI/RPLI monthly premium will now be paid automatically from SB A/c.


Copy of PLI Directorate letter No. 29-08/2009-LI (Pt)                        dated 25.10.2012 

To,
All Heads of Circles
Addl. DG (APS)

Sub: Introduction of facility of automatic credit of PLI/ RPLI monthly premium from savings account of insured persons.

     In the last few years, there has been massive expansion of Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI). However, it has been noticed that a number of policies particularly in RPLI lapse after a while. One of the reasons for lapsation is absence of convenient ways of depositing premia of the policy(ies). As such, it was under consideration of the Department to provide facility of automatic deduction of premia from Savings Account so that (i) the policy holder(s) need not have to visit Post Office every month for depositing premia of his PLI/ RPLI policy and (ii) lapsation of PLI/ RPLI policies gets reduced.


2. The competent authority has now approved the proposal for providing the facility to the policy holder of PLI and RPLI to get premium deposited/ credited by deduction of the same directly from his Savings Account standing in Post Offices. However, this facility can be opted by only those policy holders of PLI and RPLI whose Savings Accounts are maintained in the Departmental Post Offices (GPOs, HOs, MDGs or SOs).

3. It is requested to kindly take necessary action for implementation of aforesaid scheme and wide publicity may also be given for this scheme through various publicity channels.

4. Accounting and operating procedure for automatic transfer of premium of PLI/ RPLI from Savings Accounts of the policy holder is enclosed for information and action accordingly.

5. It is further informed that till the provisions are made in the software, automatic credit of PLI/ RPLI monthly premium by deduction from savings account of the policy holder will have to be done manually.
 Sd/-
(A.K. Poddar)
General Manager (O)




 (Source: postalinspectorblog)


Kindly Bookmark this Post using your favorite Bookmarking service:
Technorati Digg This Stumble Stumble Facebook Twitter
YOUR ADSENSE CODE GOES HERE

0 comments:

Page navigation

POSTAL DEPT AND OTHER BOOKS AVAILABLE HERE

The book centre
#32, Payappa Garden street
Queens road cross
Shivajinagar
Bangalore-560051
Phone No: 080-22862152
: 080-41464152
swamybookcentre@gmail.com

About Me

My Photo
AB KANTHARAJA
Hassan, Karnataka, I am BA graduate. Presently working in Department of Post (DOP) as Inspector Post at Somwarpet Sub Dn, Karnataka email-abkantharaja@gmail.com
View my complete profile

Followers

Blog Archive

Labels

Flash Labels by Way2Blogging

Comments

Blog Statistics

 

Declaimer

All effort have been made to ensure accuracy on the content of this blog, the same should not be constued as a statement of law or used for any legal purposes. I accept no responsibility in relation to the accuracy, users are advised to verify/check any information with relavant department
There was an error in this gadget

| AB KANTHARAJA © 2012. All Rights Reserved | Template Style by ABK | Design by AB KANTHARAJA | Back To Top |