New promotional & incentive structure of PLI/RPLI will be effective from 01.07.2020
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,
1. All Heads of Circles
2. Addl DG APS
3. Director, RAKNPA/GM, CEPT
4. All Regional PMsG
5. 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 had raised concerns in the implementation of the revised promotional structure.
2. In view of the concerns raised by Circles in implementing the promotional structure, low growth in procurement of new PLI/RPIA business and decreasing 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.
3. The new promotional and incentive structure of PLI/RPLI is enclosed as Annexure-I to Annexure-VI.
4. The new promotional and incentive structure of PLI/RPLI will be effective from 01.07.2020.
(L.N. Sharma)
Chief General Manager (PLI)
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