After
the implementation of PLI/RPLI Central Processing Centres to decentralize the
work from CO/DO to Head Office level, the financial powers for accepting the
proposal, maturity claim and death claim has been revised. Following are the
revised financial powers.
Limits for acceptance of new proposals
and settlement of maturity, survival benefit claims by different authorities:
1 Postmaster
of CPC of Has headed by Sr. Postmaster/ Head Postmaster - upto Rs 5 lakhs of
Sum Assured.
2. Director
of CPC of New Delhi HOI Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs
headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.
3. Head
of Division - above Rs 5 lakhs of Sum Assured and upto Rs 10 lakhs of Sum
Assured.
4. Postmaster
General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum
Assured.
Limits for settlement of death claims
by different authorities:
1. Postmaster
of CPC of Has headed by Sr. Postmaster/ Head Postmaster - up to Rs. 2 lakhs of
Sum Assured.
2. Director
of CPC of New Delhi HO/ Kolkata GPO/ Mumbai GPO and Postmaster of CPC of GPOs
headed by Chief Postmaster - upto Rs 10 lakhs of Sum Assured.
3. Head
of Division - above Rs 2 lakhs of Sum Assured and upto Rs 10 lakhs of Sum
Assured.
4. Postmaster General of the Regional Office/ Circle Office - above Rs 10 lakhs of Sum Assured.
