Monday, 27 January 2014
Wednesday, 15 January 2014
Tuesday, 14 January 2014
Saturday, 11 January 2014
RPLI COMMISSION TO BPMS /GDS
RPLI COMMISSION TO BPMS
On enquiry, it is learnt that in almost all the circles, the GDS and SPMs are paid incentive for the RPLI only with the old rate (i.e) R.s 2.50 per one thousand of sum assured and 1% of renewal premium income. The incentive rate has been revised with effective from 1 October 2009 vide Dte. letter No. 26-2/2009-LI dt. 18.9.2009 and the procedure has been simplified based on the assurance given in the PLI Directorate Meeting held on 1.10.2007 with our union which is reproduced hereunder for the consumption of our Divisional Secretaries.
“General Secretary of the Staff Union (P3/NFPE) urged that there is need for simplification of procedure for verification of the incentive bills for RPLI. CGM PLI Director appreciated the point and assured to look in to the issue.”
Accordingly the procedure has been simplified and software has been developed and provided to all divisions for generating incentive sanction automatically without preferring any bill for which the only pre-requisite is allotment of Agent’s code to all GDS & Departmental employees. All Circle heads were again reminded on 6.10.2010 to provide agent’s code.
As per the new rates, incentives shall to paid at the rate of 10% at the first year premium income and 2.5% subsequent years premium income. There is no need to wait for 12 months. Payment of incentive shall be generated automatically by the Divisional heads every month.
All are requested to confirm whether the agents code has been provided to all SPM/GDS for automatic payment of incentive by the Divisional head. If not, please compel them to complete the process and generate payment of incentive automatically every month. There is no need for preparing bills and verification of the same. Please intimate the position of your circle.
Thursday, 9 January 2014
RURAL POSTAL LIFE INSURANCE
RPLI = RURAL POSTAL LIFE INSURANCE
For the Rural populace of India the Department of Posts has an insurance scheme called Rural Postal Life Insurance (RPLI). Giving this information in written reply to a question in the Rajya Sabha today, Shri Kapil Sibal, Minister of Communications and Information Technology, said that following steps have been taken to promote and popularize postal life insurance policy in the rural areas:
(i) Rural PLI processing work has been decentralized to Divisional level:- Bringing decision making closer to the common man thereby expediting sanction of loans, revival of lapsed policies and maturity claims. This allows contingent needs of the people to be met easily.
(ii) Facilitating payment of premia through Post Offices anywhere in the country regardless of where the policy was issued without any transfer of policy being required.
(iii) Facility for payment of premium online through www.epostoffice.gov.in.
(iv) Opportunity to work as Rural PLI Agent:- Providing common man, especially Aanganwadi workers, un-employed youth, Self Help Groups, etc. with additional source of income by engaging them as Direct Agents under Rural Postal Life Insurance Scheme. Incentive structure for RPLI business has been made attractive i.e. 10% of premium in the first year and subsequently 2.5% of premium income till policy lasts.
(v) Higher Sum Assured:- For providing opportunity for financial security in line with increasing requirements of the people, the maximum sum assured limit has been raised for RPLI from Rs. 3 lacs to Rs. 5 lacs.
(vi) A Toll free number (18001805232/ 155232) has been operationalized and publicized for inquiries and grievance settlement. People from anywhere in the country can call and get their problems settled.
(vii) Training to Rural PLI marketing staff i.e. GDS staff, Direct Agents and Departmental employees is being imparted to improve their marketing skills.
(viii) Facility of Payment of outstanding premia of policy on installments basis.
(ix) Technology/IT initiative:- The technological initiatives being undertaken for Rural Postal Life Insurance are :
(a) Development of Centralized software for improved after sales service for all RPLI customers.
(b) Development of Web and mobile portal for customers to allow seamless issue of insurance policies and making online payments under Financial Services Integration plan of the Department.
(c) Call centre for handling customer services.
(d) Real time updating of premium payments.
(e) Centralized monitoring of grievances.
(f) Setting up of 809 Central Processing Centres (CPCs) at all Head Post Offices in the country for providing single window for handling of insurance proposals, service requests and claims for RPLI customers.
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