Clarification on date of commencement of risk in PLI and RPLI proposals

A clarification has been issued by the PLI Directorate on dates of commencement of risk for Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI).

After this clarification, the date of Proposal for PLI and RPLI policies is being taken date of acceptance and date of commencement of risk.

Now it has been cleared that the date of acceptance of a PLI/RPLI policy and date of commencement of risk must not be before the date on which the approving authority actually accepts/approves the proposal.

You can download the PDF file of the above orders from the below link.

Click here to download.