PLI Directorate Memo No. 25-3/2003-LI dated 17/1/2012 is reproduced below for information of all concerned:
The President is pleased to make the following amendments to “Post Office Life Insurance Rules 2011” published on 28th 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.
Sd/-
(Shekhar K. Sinha)
Chief General Manager (PLI)
Equivalent to Addl. Secy. to Govt. of India
