PLI / RPLI : Financial powers at various levels revised
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.
Limits for acceptance of new proposals and settlement of
maturity, survival benefit claims by different authorities:
1. Postmaster of CPC of HOs 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 HOs 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.
//ipasp//
