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Friday, March 4, 2011

NORMS FOR VARIOUS WORK IN PLI/RPLI

 

P L I Directorate D.O.29-9/2008-LI, Dated the 24th February, 2011.

 

Dear Chief Postmaster General,

 

            This is regarding norms for various works in PLI/RPLI. I am directed to intimate that the norms for various works in PLI/RPLI have been revised keeping in view the industry standards and various regulations of statutory authorities.

 

            These norms are as below:

 

Sl. No.

Particulars

Number of days

1.

Issue of Acceptance letter

15

2.

Issue of policy Bonds

15

3.

Inter Circle transfer of policies

10

4.

Settlement of claims on maturity

30

5.

Settlement of Claims on Death with Nomination

30

6.

Settlement of death claim involving investigation

90

7.

Payment of paid up value

30

8.

Loan for policies

10

9.

Change of address

10

10.

Change of Nomination

10

11.

Assignment

10

12.

Issue of duplicate policy document

10

13.

Revival of policy

15

14.

Conversion of policy

15

 

            It is requested that these norms be given wide publicity amongst the staff as well as customers so that services are provided in a time bound manner.



--
M.Krishnan
Secretary General NFPE

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