DIRECTORATE OF POSTAL LIFE
INSURANCE
Department of Posts,
Ministry of Communications &
Information
Technology, Government of India
Chankyapuri Post
Office Complex, New Delhi – 110021
No. 26-02/2009-LI Dated – 18.09.2009
All Heads of Circles
Directorate PSCI, Ghaziabad
All Regional PMsG
All Directors PTCs
Addl DG APS
Subject:
Re-vitalization of PLI/RPLI Agency System
(i) Changes in the Agency System of PLI and
RPLI:
(ii) Revision of the existing incentive
Structure for Agents and field Officers of PLI & RPLI
In pursuance of decision of Postal Services Board in its 1st
meeting held on 07.08.2009 as circulated under Department of Posts letter No.
1-1/2009-PSB dated 20.08.2009 the following orders are issued to have effect
from 01.10.2009: -
(i)
In partial modification of Postal Services Board
(2007) decision as contained in PLI Directorate orders No. 26-02/2003-LI dated
20.09.2007 Divisional Head is now delegated the powers to engage PLI Direct
Agents. A minimum number of 20 PLI Agents should be engaged per division;
(ii)
PLI Agents /FOs (PLI) will be paid commission @
of 2% of renewal premium collected by them on PLI cash policies procured on or
after 01.10.2009. This commission in over and above the existing commission
based on sum assured of business procured;
(iii) In
partial modification of postal Services Board decision as contained in PLI
Directorate orders No. 26/02/2003-LI dated 20.09.2007, Divisional Head is now
delegated the powers to engage the RPLI Agents including Angan-wadi workers,
Mahila Mandal workers, Ex-servicemen, retired School Teachers, SHGs, Gram
Pradhan/Members of Gram Panchayats etc, in order to expand the agency base of
Rural PLI. A minimum number of 30 RPLI Agents should be engaged per Division;
(iv) RPLI
Agents/Sales force will now be paid commission @ of 10% of first year premium
and 2.5% commission on renewal premium collected by them on policies procured
after 01.10.2009. An additional commission of 1.5% of premium will also be paid
to group leaders/entrustees for collecting premum towards 1000 or more such
RPLI policies procured on or after 01.10.2009.
2. The detailed procedure of
empanelment of Direct Agents is given in Appendix to this letter. Heads of
Circles are requested to issue necessary instructions to all Divisions /Regions
to commence the process of empanelment of Agents forthwith so that required
number of agents are in place from 01.10.2009.
3. These orders shall also be
applicable to Agents already working.
4. Operating and Accounting
procedure is being issued separately. Necessary modification in the Software is
being made and is being communicated.
5. This issues with the approval
of competent authority.
Sd/-
(Shekhar. K. Singha)
Chief General Manager
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