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To,

All HOCs

Addl. Die. General APS, Sena Dak Bhawan

Director RAKNPA

Director PTCs

Director PLI Kolkata

 

Sub: Guidelines on sanction of claim amount.

 

This is regarding doing away with the requirement of obtaining

signature of a witness on system generated sanction memo while

disbursing payment towards maturity and other claims.

2. On receipt of suggestions on the above issue from West Bengal Circle,

the matter has been examined at PLI Directorate. Presently all

payments towards PLI/RPLI maturity and other claim, loan etc are

made through cheque or through NEFF. Identity of the insurant or the

claimants is verified/established w.r.t proper ID proof.

3 In view of the above, the requirement of obtaining signature of a witness

on sanction memo towards all PLI/RPLI payments is dispensed with to

ease the process of claim payments with immediate effect. FSI is being

asked to modify the sanction memo accordingly.

 

4. This issue with the approval of competent authority.