New promotional & Incentive Structure of PLI / RPLI

RPLI-PLI :: New promotional & Incentive Structure of PLI / RPLI

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F.No:28-03/2019-LI

Government of India

Ministry of Communications

Department of Posts

Directorate of Postal Life Insurance

Chanakyapuri P.O. Complex, New Delhi-110021

dated 19.06.2020

To 

All Head of Circles

Addl DG APS

Director, RAKNPA/GM, CEPT

All Regional PMsG

All Directors PTCs

Office Memorandum

Subject : New Promotional and Incentive Structure of PLI/RPLI

The Promotional (sales) structure and incentive structure of PLI/RPLI was last revised in August 2016 & April 2017 respectively. However, most of Circles head raised concerns in the implementation of the revised promotional structions

In view of the concerns raised by Circles implementing the promotional structure, low growth in procurement of new PLI/RPLI business and creasing trend in net accretion of PLI/RPLI  premia, the existing sales structure of PLI/RPLI has been revamped based on the feedback received from the circles

The new promotional and incentive structure of PLI/RPLI is enclosed as Annexure-I to Annexure-IV.

The new promotional and incentive structure of PLI/RPLI will be effective from 01.07.2020