Limits for PLI - Proposal, Maturity, Survival benefit and Death Claim

Death Claim limits for PLI / Maturity Claim limits for PLI / Proposal limits for PLI / Survival benefit claim for PLI - Postal Life Insurance limits for Claim & Acceptance of Proposal.

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Limits and Approving Authority for PLI Proposals or New Business Form(NBF), Settlement of maturity claim & survival benefit claim

Limits and Approving Authority for PLI Proposals or New Business Form(NBF), Settlement of maturity claim & survival benefit claim.

Also read :Revised Guidelines to be followed on allotment /re-allotment of Postal Service Group 'B' officers from one circles/ Unit to another Circle/Unit

Single or aggregated Sum Assured up to 5 lakh, the approving authority is

Head Postmaster of HO

Sr. Postmaster

Dy. Chief Postmaster

Asst Director of HOs headed by Director.

Single or aggregated sum assured 5 lakh to 10 lakh, the approving authority is

Head of Division

Chief Postmaster

Director of HOs

Single or aggregated sum assured 10 lakh to 30 lakh, the approving authority is

Director in HOs

DPS (HQ)/ Regional DPS

PMG RO/ CO

Single or aggregated sum assured 30 lakh to 50 lakh, the approving authority is

Chief PMG

Limits and Approving Authority for PLI Deth Claim.

Single or aggregated Sum Assured up to 2 lakh, the approving authority is

Head Postmaster of HO

Sr. Postmaster

Dy. Chief Postmaster

Asst Director of HOs headed by Director.

Single or aggregated Sum Assured 2 lakh to 5 Lakh, the approving authority is

Sr. Postmaster

Dy. Chief Postmaster

Asst. Director in HO Director

Head of Division

Single or aggregated Sum Assured 5 lakh to 10 Lakh, the approving authority is

Head of Division

Chief Postmaster

Director of HOs

Single or aggregated Sum Assured 10 lakh to 30 Lakh, the approving authority is

Director in HOs

DPS (HQ)/ Regional DPS

PMG RO/ CO

All early Death Claims up to 20 lakh, PMG of Regional Office/Circle will be the approving authority.

Single Policy having sum assured more than 20 lakh or Aggregate sum assured of policy(ies) >30 lakh & <=50 lakh or Early death claims more than Rs. 20 lakhs Chief PMG will be the approving authority.

Also read :Postal Directorate Guidelines for issue payment to the outsiders working in the place of GDS

*Note: If one policy is having sum assured more than 20 lakh and aggregate sum assured of all policies is less than or equal to30 lakh, then also all claims should move to Chief PMG.

Limits and Approving Authority for RPLI Proposals or New Business Form(NBF), Settlement of maturity claim & survival benefit claim.

Single or aggregated Sum Assured up to 5 lakh, the approving authority is

Head Postmaster of HO

Sr. Postmaster

Dy. Chief Postmaster

Asst Director of HOs headed by Director.

Single or aggregated sum assured 5 lakh to 10 lakh, the approving authority is

Director of HOs

DPS (Hq)/ Regional DPS

PMG in RO/ CO