Instructions for Postal Life Insurance Claim Disbursement in IT 2.0

Instructions for Claim Disbursement in IT 2.0

Reference: IT 2.0 set of instructions
Date: 11.07.2025

Process Flow for Claim Payments

1. Approval & Documentation

• CPC prints the sanction memo in triplicate and submits it to the competent authority with the policy file and disbursement voucher.
• Accounts Section processes the payable copy for pay order and forwards it to Treasury.

2. Treasury Actions (Cash Payments)

• Maker selects Miscellaneous Receipts and Payments → Transaction Type: Receipt → Mode: Cash.
• Enter details for:
  • Arrears Premium
  • CGST/SGST on arrears
  • Default fee (Account Code: 8671004000)
  • TDS/Loan recoveries
  • Other recoveries (specify in remarks).
• Upload the sanction memo via file upload.

3. Approval Workflow

• Approver logs in → Miscellaneous Transactions Approval → Verifies entries against sanction memo → Approves/rejects with remarks.
• Confirmation pop-up appears post-approval.

4. Cheque Payments

• Maker selects Transaction Type: Payment → Mode: Cheque → Enters:
  • Payee name
  • Account Code (e.g., 8014001200 for PLI maturity claims)
  • Amount and remarks (e.g., "DV No. 8788256").
• Submit for approver's review.

5. Cheque Issuance

• Approver verifies cheque details in Bank Module → Approves → Maker issues physical cheque.
• Cheque number is auto-generated; cross-check with physical cheque.

6. Post-Payment Updates

• CPC updates disbursement in McCamish with cheque/bank details.
• Ensure no duplicate payments.

Key Notes:

• Deadline: Update disbursement on the same day of payment.
• Registers: Maintain all entries in claim/disbursement registers.
• Double Payments: Strictly prohibited.

Summary Tables

Account Codes for Receipts

Code	Description	Type
8671004000	Receipts Pending Classification	General

Account Codes for Payments

Code	Description	Type
8014001200	PLI-EA Maturity Claims	Payment