Enhancement of maximum limit of PLI/RPLI Sum Assured

PLI up to Rs. 20 Lac and RPLI up to Rs. 5 Lac

PLI Directorate Memo. No.25-3/2003LI dated 17.01.2012

The President is pleased to make the following amendments to “Post Office Life Insurance Rules 2011” published on 28^th April, 2011 in Gazette of India No.85(Part-I Section –I Extraordinary)

a)      The amount of maximum or aggregate sum assured mentioned as Rs.Ten Lac (Rs.10.00.000/-) in Rules No.7, 14 and 17(e) may now be read as Rs. Twenty Lac ( Rs.20.00.000/-) in respect of PLI.

b)      The amount of maximum or aggregate sum assured mentioned as Rs.Three Lac (Rs.3.00.000/-) in Rules No.9(a), 10(a), 15 and 17(e) may now be read as Rs. Five Lac ( Rs.5.00.000/-) in respect of RPLI.

The amendments shall be effective from the date of  issue of this Notification.

                                                                                       (Shekhar K. Sinha)

                                                                               Chief General Manager (PLI)

                                                                    Equivalent to Addl. Secy. To Govt. of India