DECENTRALISATION OF PLI/RPLI

Directorate of Postal Insurance

Department of Posts, Ministry of Communications

Information Technology, Government of India

Chanakyapuri Post Office Complex, New Delhi-110 021

No. 30-1/2010-LI Dated 27.01.2012

To

1.          Col. Kamlesh Chandra,

Chief Postmaster General,

Uttar Pradesh Circle,

Lucknow-226001

2.         All CPMsG.

Respected Sir,

Kindly refer to letter no. 08/15/2011-SR dated 16.01.2012 from SR Section Department of Posts enclosing minutes of the meeting taken by Secretary(Posts)/Postal Staff Board with the Postal Joint Council of Action on 10.01.2012 and 12.01.2012.

It is requested to kindly take necessary action with regards to Para 7 of the minutes.

Sd/-

(R. Santhakumar)

Dy. Divisional Manager

CONTENTS OF PARA -7 OF THE MINUTES

PARA 7 DECENTRALISATION OF PLI/RPLI

The staff side was explained in detail about the competition being faced by the Department in the field of PLI/RPLI and the benefits to be derived by decentralizing the functions. The staff side expressed apprehension about relocation of staff due to the process of decentralization. Member (PLI) explained as to how the role of DPLI was going to be redefined by making the job more productive and the fact that job description for each category of staff had been worked out and the staff of PLI will play an important role in increasing the business and providing after sale service. The request of the staff side to permit the Circle/Regional Office branch of PLI to accept, process and service the policies relating to their Headquarter cities where they were located was accepted to.

The issue relating to payment of incentive, instead of honorarium, will be examined by CGM PLI as it forms a part of Charter of Demands. It was assured that all the officials deputed for PLI/RPLI work to RO/CO from Divisions will be repatriated immediately.

Indian Postal Life Insurance (PLI)

Indian Postal Life Insurance is a financial welfare scheme. It is also known as PLI i.e., Postal Life Insurance. It was introduced in 1884 by the Department of Posts, India. It was essentially introduced for the benefit of postal employees and later extended to the employees of Telegraph department in 1888. It is now covering employees of Central & State Governments, Central & State Public Sector undertakings, Universities, Educational institutions and local bodies. 
There are over 1,55,333 post offices in India. The Department of Posts has been allotted customer care number and Toll Free Number (155232 & 1800 180 5232) for the facility of Postal Life Insurance and Rural Postal Life Insurance policyholders or people planning to opt Post office life insurance. They can also go through post office life insurance review, quotes & use pli calculator to find Insurance premium and Post life insurance agents. 
Any complaint on the services rendered and concerning behavior of employees of the Department of Posts may be taken up with the Postmaster / In-charge of the Post Office where the transaction has taken place or The Post Master General/ Senior Superintendent / Superintendent of Post Offices in whose jurisdiction the Post Office concerned falls. 

The Postal Directorate,
Dak Bhavan,
New Delhi-110116.

PLI Premium Calculator

PLI Premium Calculator  : Download

Designed by :
Vishnu Borade,
PA, Salisgaon HPO
PIN - 424101

Maximum Sum Assured for PLI and RPLI are Revised

PLI Directorate has revised the maximum sum assurance limits 

• from Rs 10 lac to 20 Lac in respect of PLI
• from Rs 3 Lac to 5 Lac in respect of RPLI 

with effect from the date of issue of notification no 25-3/2003-LI dated 17.01.2012

Postal Life Insurance-some useful informations to customers

Postal Life Insurance

This section is for information and guidance of our customers. We are happy to furnish following information for your guidance.

1. Issue of Policy Bonds

Policy Bond is issued along with letter of acceptance by PLI office of your state. If there is delay, contact DDM(PLI)/ADM(PLI) of your state.
Please go through information printed on the policy bond.

2. Payment of Premia

Please keep your policy current by paying premia regularly within the same month to ensure the coverage of life risk. You can pay premia at any predetermined Post Office.

3. How to revive your Policy

In case policy is of less than three years duration and defaulted premia do not exceed six months including the month of payment, the same can be paid with interest at your Post Office without prior permission.
To pay defaulted premia of more than six months, prior permission is required as enumerated below.

In case policy is of more than three years duration and defaulted premia do not exceed 12 months, the same can be paid with interest at your Post Office without permission;If defaulted premia exceed 12 months, prior permission is required as enumerated below.

PLI office in your State should be contacted for revival. That Office shall send the required forms for furnishing medical certificate, a declaration by you and an employer's certificate. These forms duly filled in should be sent to PLI Office along with proof of payment of premia. In support of the same ,premium receipt book or its Xerox copy may be enclosed if premia are being paid in cash and if it is being recovered from the salary, a certificate from the Pay Drawing Officer may be enclosed.

4. Payment of Premia through Cheque

Payment of premia is accepted through local cheque only.

5. Payment of Premia in advance
The rebate of 1% is given if premia are paid in advance for six months and 2% if paid for 12 months in advance.

6. Post Office where Premia can be paid
You may pay premia at any post office chosen by you. However, following is advised:

When Post Office where premia are paid is a new one, intimation be given to Head Post Office

In case premia are paid in a Post Office in a new State/Postal Circle, intimation to PLI Centers of both the new and old State be given

7. How Loan can be taken
Loan facility is available only in Endowment Assurance and Whole Life Insurance (including Convertible Whole Life Insurance) provided it has not lapsed. In order to avail loan, an application should be sent to the PLI office along- with the policy document and a proof for having paid the premia up to date (Premium Receipt Book or Drawing Officer’s Certificate for last six months). It may be sent free of cost through the Post Office where your premia are being paid. It is mandatory to assign the policy bond in favour of the President of India and to furnish loan bond at the time of payment. The prevailing rate of interest on loan is 10%, compounded half yearly. A loan repayment receipt book is given when loan is sanctioned wherein half yearly interest payable ,is indicated. Please ensure that the interest is paid on due date and avoid compounding of interest as also possible surrender. The loan may be paid in permissible number of instalments of any amount not less than INR 100/-.

When loan is completely repaid with interest, please write to the PLI office immediately for release of policy bond in your favour. Second and subsequent loans may be availed on certain conditions. However, at least one year should have lapsed after repayment of the first loan.

Loan may be repaid at any Post Office in your State.

8. Issue of Duplicate Policy Bond

Please preserve the policy bond safely which is an important document . In case it is lost, destroyed or mutilated, a duplicate policy bond can be obtained by complying with following requirements. An indemnity Bond be furnished with two sureties on a non-judicial stamp paper of the value applicable in the state in which policy is serviced.

The fee for issue of duplicate policy bond is INR 5/-.

The loss of policy is required to be published in one of the leading news papers having the widest circulation if the sum assured exceeds INR 25,000/-.

9. Assignment of Policy Bond The policy may be assigned by the Policy holder either for valuable consideration or by way of gift.

10. Change of Nomination
Facility for change of nomination is available.

11. How to Submit Claim

Please take note of the due date of payment. In all such cases, please prefer the claim well in advance, after payment of last instalment due, submitting -
(1) Policy Bond;
(2) Premium Receipt Book in support of the premia paid;
(3) Loan Repayment Receipt Book, if you have availed the loan;
(4) A Pay Drawing Officer's certificate for having paid the premia upto last instalment including the last six months;
(5) Please prefer the claim without waiting for a notice or reminder from PLI office;
(6) Please also note that if claim is not preferred in time, no interest is paid on belated payment.


Courtesy : http://nfpealuvadivision.blogspot.com

Provision of Toll free Numbers for PLI/RPLI Purpose

The following Toll free Numbers have been provided at PLI Directorate

New Delhi to give improved services to the Customers in PLI/RPLI matters.

Customers can dial either of these two numbers from any where in the

country free of cost for any information or grievance redressel.

Toll free Numbers : 155232 and 18001805232

To access the PLI Web on Windows Vista & Windows 7 O/S

To access the PLI Web on Windows Vista & Windows 7 O/S the following settings are needed

Setting for Oracle Application with ie8 on Windows Vista & Windows 7

Step 1:-
Firstly take backup or rename jvm.dll on your PC in given folders and then
Copy or replace the jvm.dll in given both folders with the attached JVM.DLL file.
1.1 C:\Program Files\Oracle\Jinitiator 1.3.xx\bin\hotspot
1.2 C:\Program Files\Java\Jre6\bin\client.
Step 2:-
2.1.1. Open Internet Explorer 8
2.1.2. Go to Tools, Internet Options
2.1.3. Click on the Advanced tab.
2.1.4. In the Security section and find “Enable memory protection to help mitigate online attacks”.
2.1.5. Uncheck “Enable memory protection to help mitigate online attacks”.
2.1.6. Click Ok and Ok again.
Step 3:-
Just reboot your computer.

Download : jvm.dll

PLI / RPLI material for IPO Examination

Postal Life Insurance (PLI) was introduced on 1st February, 1884 with the express approval of the Secretary of State (for India) to Her Majesty, the Queen Empress of India. It was essentially a welfare scheme for the benefit of Postal employees in 1884 and later extended to the employees of Telegraph Department in 1888. In 1894, PLI extended insurance cover to female employees of P & T Department at a time when no other insurance company covered female lives. It is the oldest life insurer in this country.

Over the years, PLI has grown substantially from a few hundred policies in 1884 to 42,83,302 policies as on 31.03.2010. It now covers employees of Central and State Governments, Central and State Public Sector Undertakings, Universities, Government aided Educational Institutions, Nationalized Banks, Local bodies etc. PLI also extends insurance cover to the officers and staff of the Defence services and Para-Military forces. Apart from single insurance policies, Postal Life Insurance also manages a Group Insurance scheme for the Extra Departmental Employees (Gramin Dak Sevaks) of the Department of Posts.

With 1,55,669 branches across the country, the Post Office is India’s largest retail and financial services provider and is among the most widely recognized and trusted brands in the country, offering a wide range of products and essential services. In India Post, the endeavor is to take advantage of our unique position.

Rural Postal Life Insurance (RPLI) came into being as a sequel to the recommendation of the Official Committee for Reforms in the Insurance Sector (Malhotra Committee). The Committee had observed in 1993 that, only 22% of the insurable population in this country had been insured; life insurance funds accounted for only 10% of the gross household savings. The Committee had observed:

“The Committee understands that Rural Branch Postmasters who enjoy a position of trust in the community have the capacity to canvass life insurance business within their respective areas…….”

The Government accepted this recommendation and permitted Postal Life Insurance to extend its coverage to the rural areas to transact life insurance business with effect from 24.3.1995, mainly because of the vast network of Post Offices in the rural areas and low cost of operations. The prime objective of the scheme is to provide insurance cover to the rural public in general and to benefit weaker sections and women workers of rural areas in particular and also to spread insurance awareness among the rural population.

The Department of Posts has started this task entrusted by the Central Government with great dedication and sincerity and within a short span of time, made a very positive impact on the rural populace. Rural Postal Life Insurance, in fact, is meant for anyone who has a rural address. It is a boon for migrant labour and artisans, and the unorganized sector, who move on to urban areas for employment, but continue to have a rural base. Labour migrating overseas are also eligible for a policy. RPLI has now a total of 99,25,103 policies with Sum Assured of Rs. 595,72,59,00,275 as on 31.03.2010


For More Details : Click Here to Download

Payment of Incentive to DO(PLI)-Revision there of and the conditions for extension of the tenure of DO(PLI)

Copy of the Directorate letter No. No.25-4/2002-LI, Dated: 25.05.2011

To

All Heads of Circles / All Heads of the Regions / The Addl. DG of APS, C/o 56 APO

The Director, Postal Staff College, Ghaziabad / The Directors, PTCs

The Director of PLI, 7 Koilaghat Street, Kolkata-1 / The Directors/Dy. Directors Accounts (Postal)

The DG, P&T Audit, Delhi / All DDMs (PLI).

Sub: Payment of Incentive to DO (PLI) – Revision there of and the conditions for extension of the tenure of DO (PLI).

Ref: Earlier references on the above subject.

(i) Letter No.25-4/2002-LI dated 22.7.2004, (ii) Letter No.25-4/2002-LI dated 18.03.2005 and (iii) Letter No.25-4/2002-LI dated 14.11.2006.

Reference is invited to PLI Directorate’s letters cited above. The incentive free business for DO (PLI) was last revised under this office letter of even number dated 18.3.2005. The average sum assured of new business in PLI at that time i.e. in 2004-05 was Rs.1.1 lakh. The average sum assured of new business in PLI has now more than doubled to Rs.2.24 lakhs in 2009-10. Accordingly, the incentive free business for DO (PLI) needs to be raised at least in the same proportion. Moreover, during this period, the income of eligible clientele has also gone up considerably on account of revision of pay etc. The matter was, therefore, considered and it has been decided by the competent authority to increase the limit of incentive free business for DO (PLI) from Rs.4 crore to Rs.9 crore.

2. Subsequent to increase in limit of incentive free business as proposed in above para, the revised incentive structure of DO (PLI) would be as under:

Upto Rs.9 Crore of Sum Assured	Nil
Above Rs.9 Crore and upto Rs.11 Crore of Sum Assured	Rs.25/- per Rs. ten thousand of Sum Assured
Above Rs.11 Crore of Sum Assured	Rs.20/- per Rs. ten thousand of Sum Assured

3. Further, under Directorate letter of even number dated 22.07.2004, a DO (PLI) was required to procure a minimum business every year to make him eligible to work as DO (PLI) in the next year. To procure business, DO (PLI) need to familiarize himself/herself with business procurement techniques and also with the eligible clientele. DO (PLI) should, therefore, be appointed for a minimum tenure. It has, therefore, been decided that a DO (PLI) will initially be appointed for a tenure of three years. DO (PLI) would be eligible for extension of tenure in subsequent years as follows:

(a) To get extension for 4^th and 5^th year, the DO (PLI) should have procured

average business of Rs.10 crores in first two years.

(b) To get extension for 6^th and 7^th year, the DO (PLI) should have procured

average business of Rs.12 crores in the 3^rd and 4^th year.

(c) To get extension for 8^th and 9^th year, the DO (PLI) should have procured

average business of Rs.14 crores in 5^th and 6^th year.

(d) To get extension for the 10^th year, the DO (PLI) should have procured

average business of Rs.16 crores in 7^th and 8^th year.

(e) For extension beyond 10 years, the DO (PLI) should procure

minimum business of Rs.20 crores in each year.

4. However, continuation of DO (PLI) in any year as stated in para 3 above, is subject to the condition that the DO (PLI) should have procured business of not less than Rs.9 crores in the previous financial year. For example, a DO (PLI) may get an extension for 6^th and 7^th year as he procured average business of Rs.12 crores in the 3^rd and 4^th year. However, if at the end of the 5^th year if the DO (PLI) has procured a business of less than Rs.9 crores in the 5^th year, the DO (PLI) would be terminated immediately thereafter notwithstanding the fact that he was earlier given an extension of tenure for the 6^th& 7^th year. Circles should, therefore, evaluate the performance of the DO (PLI) within two months of the close of the previous financial year and in case, it is found that the DO (PLI) has procured a business of less than Rs. 9 crores in the previous financial year, he should be terminated immediately thereafter.

5. DO (PLI) procuring business exceeding Rs.25 Crores in a year would be designated as Sr. DO (PLI) and would be provided additional facility by way of infrastructure support and training in specialized Marketing and Insurance Institutes.

6. These orders would be applicable from current financial year 2011-12.

7. This issues with the approval of the competent authority.

( HenaUsman )

Addl. General Manager (PLI)