Enhancement of PLI ceiling

PLI Directorate Memo No. 25-3/2003-LI dated 17/1/2012.

  The President is pleased to make the following amendments to “Post Office Life Insurance Rules 2011” published on 28^th April, 2011 in Gazette of India No.85(Part-I Section –I Extraordinary)

a)    The amount of maximum or aggregate sum assured mentioned as Rs.Ten Lac (Rs.10.00.000/-) in Rules No.7, 14 and 17(e) may now be read as Rs. Twenty Lac (Rs.20,00,000/-) in respect of PLI.

b)    The amount of maximum or aggregate sum assured mentioned as Rs.Three Lac (Rs.3.00.000/-) in Rules No.9(a), 10(a), 15 and 17(e) may now be read as Rs. Five Lac (Rs.5,00,000/-) in respect of RPLI.

The amendments shall be effective from the date of  issue of this Notification.

                                                                       Sd/-

                                                                                       (Shekhar K. Sinha)

                                                                               Chief General Manager (PLI)

                                                                    Equivalent to Addl. Secy. to Govt. of India