Click Here To Download in PDF
To
All Heads of Circles
(Except AP, Assam, Chhattisgarh, Maharashtra and Punjab)
Subject: Payment of incentive on PLI and RPLI business
procured for the month of September 2022-regarding
Respected Madam/Sir,
This is regarding payment of incentive on PLI and RPLI
business procured by sales force of PLI and RPLI for the month of September
2022.
2. In this connection, the undersigned is directed to convey
approval of the competent authority for payment of the incentive due as
mentioned in the Annexure to all categories of sales force for PLI and RPLI
business procured in the month of September 2022. It is intimated that the
incentive amount mentioned in the said Annexure is excluding GST. Further,
payment of due GST on the incentive payable to the sales force of PLI and RPLI for
September 2022 may be made as per SAP issued vide PLI Directorate letter no 29-
09/2021-LI dated 16.09.2022. Booking of incentive payment and GST may be made
in the correct head of account/GL code.
3. Circles are requested to make incentive payment for the
month of September 2022 at the earliest and send a compliance report to PLI
Directorate. The incentive payment by Circles must not exceed the incentive
liability as intimated by Circles for the month of September 2022 as indicated
in the Annexure.
4. Due to technical issues in the system, Circles are
requested to keep the instructions issued for generation and disbursement of
incentive from the system as per the SOP issued vide PLI Directorate letter of
even number dated 06.10.2022 in abeyance till further orders.
5.It is once again reiterated that as per para 7.3 of PLI
Directorate letter no 28- 03/2019-LI (4) dated 25.06.2021, "fa sales force
does not procure a minimum off our (4) new policies in a financial year (FY
2022-23), the license (provisional/permanent) of the sales force may deemed to
be terminated w.e.f 01.04.2023. In case, if the said sales force, whose license
has been terminated on account of non-procurement of four (4 policies in a
financial year, wants to procure PLI/RPLI business, then she/he may apply
afresh for license and a new agency code will be allocated to her/him. Under no
circumstances, the terminated license of the sales force shall be reactivated".
6. These issues with approval of competent authority.
(Shiv Kumar)
Assistant Director (PL)
0 Comments