Promotional and Incentive Structure of PLI/RPLI – Clarification in respect of sales force
Promotional and Incentive Structure of PLI/RPLI – Clarification in respect of sales force: Directorate of PLI Order dated 20.04.2023
DIRECTORATE OF POSTAL LIFE INSURANCE
Chanakyapuri Post Office Complex,
Chanakyapuri, New Delhi-1100021
No. 28-06/2014-LI (Pt-I)
Dated:20.04.2023
To
All Heads of Circles
Subject: Promotional and Incentive Structure of PLI/RPLI – Clarification in respect of sales force reg.
This is regarding procurement of PLI/RPLI policies in a financial year and has a reference to PLI Directorate’s letter no. 28-03/2019-LI1(4) dated 25.06.2021.
In this connection, the following is clarified in respect of sales force procuring PLI/RPLI business:
| Sl No. | PLI RPLI Incentive Issue | PLI RPLI Incentive Clarification 2023 |
| 1 | Sales force DA/FO, DE and GDS, who have not completed one year (from date of engagement of agent) and have not procured minimum of 4 policies, the license in this regard to be terminated or not. | The license of Sales force (DA, FO, DE and GDS), who have not completed one year (from date of engagement as sales force) and have not procured minimum of 4 policies may not be terminated for that financial year in which sales force has been engaged. However, in the subsequent financial years, the condition of procuring 4 policies in a year will be applicable. |
| 2 | If sales force has procured business in the month of March and the total number of policies indeed is four for the financial year but some of these policies are accepted in the month of April. In this scenario whether the code will be terminated or not. | The sales force must procure a minimum of 4 policies in a financial year and the date of indexing and acceptance of these 4 policies should be in the same financial year only. |
3. This issues with approval of the competent authority.
(Shiv Kumar)
Assistant Director (PLI)
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect Jobs
GConnect News
GConnect Jobs
📢 Stay Updated with GConnect
Join our Whatsapp channels for the latest news and job updates:
Join GConnect News Join GConnect JobsGConnect News
GConnect Jobs
You might also like:
MEA Invites Applications from Retired Gazetted Officers for Consultant Posts in Passport Offices; Apply by July 20
Ministry of Health and Family Welfare Invites Applications for Consultant Posts on Contract Basis
NITI Aayog Invites Applications for Consultant Posts; Retired Government Officers Can Apply Within 30 Days
PFRDA Sets Up ASCEND Panel to Attract Global Pension Capital into India’s NPS Ecosystem
Government Extends Additional NPS Investment Choices to Employees of Central Autonomous Bodies
Forgotten Money? Here’s How to Check and Claim Your Unclaimed Financial Assets