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Clarification in respect of Post Office Life Insurance Rules - 2011.
Further to PLI Directorate letter of even No. dated 13.03.2012, J&K Circle
has sought clarification whether the antedating of proposals for sum assured
upto 5 lakhs is to be made at the level of Divisional Head being the accepting
authority.
2. It is clarified that as per Rule 19(b) of Manual for Circle Offices the power
of ante-dating may be exercised by Head of Circle.
3. Further, the clarification given at si. (ii) of PLI Directorate letter of even No.
dated 13.03.2012 may kindly be read as "Bonus of EA will be paid since the
commencement of the policy in case of CWLA and in case of WLA policies,
bonus attached priorate ordinary conversion will remain unchanged".
4.This has the approval of Chief General Manager (PLI).
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