Glimpses of Rule: 226 Date: 21.04.2023
PLI Directorate letter No. 25-1/2020-Li dt 21.08.2020 :
Approver limits for settlement of death claim cases have been revised as under:
PLI/RPLI death claim cases involving no investigation (to be settled within 30 days)
| Approving Authority | Amount Limit (single or Aggregate sum assured) |
|---|---|
| Postmaster (HSG-I/ HSG-II), Sr.Postmaster (Gr. B), Dy Chief Postmaster (Gr. B), AD of HO (Gr B) headed by Director | Up To Rs. 20 lakhs |
| Head of Division (Gr A / Gr B), Chief Postmaster (Gr A), Dy Director of HO (Gr A) headed by Director | More than 20 lakhs and up to Rs. 50 lakhs |
PLI /RPLI death claim cases involving investigation i.e death within 3 years of acceptance of policy (to be settled within 90 days)
| Approving Authority | Amount Limit (single or Aggregate sum assured) |
|---|---|
| Director GPO (JAG) / Director (HQ) /Regional DPS (JAG) | All cases irrespective of sum assured |
