This document is a notification from the Ministry of Communications, Department of Posts, Directorate of PLI, published in the Gazette of India on September 21, 2017. It announces amendments to the Post Office Life Insurance (PLI) Rules, 2011, originally published on April 28, 2011, and further amended on October 18, 2012. The amendments, effective from the date of issue (September 19, 2017), expand eligibility for PLI to include:
1. Employees (teaching and non-teaching staff) of all private educational institutions (schools, colleges, etc.) affiliated to recognized Boards recognized by Centre State Governments of Secondary Senior Secondary education i.e. CBSE, ICSE, State Boards, Open Schools, etc.
2. Professionals such as Doctors including Doctors pursuing Post Graduate degree courses through any Govt Private Hospitals, Residents Doctors employed on contractpermanent basis in any GovtPrivate Hospitals etc, Engineers including Engineers pursuing MastersPost Graduate degree after having passed GATE entrance test, Management Consultants, Charted Accountants registered with Institute of Charted Accountants of India, Architects, Lawyers registered with Bar Council of IndiaStates, Bankers working in Nationalised Banks and its Associate Banks, Foreign Banks, Regional Rural Banks, Scheduled Commercial Banks including Private Sector Banks etc.
3. Employees of listed companies of NSE National Stock Exchange and Bombay Stock Exchange BSE in IT, Banking Finance, HealthcarePharma, EnergyPower, Telecom, Infrastructure Sector etc, where employees are covered for Provident Fund Gratuity andor their leave records are maintained by the establishment.
The notification is issued under F. No. 25022017-LI and is authorized by VishvPavan Pati, Chief General Manager PLI.
Key Entities Referenced
Post Office Life Insurance Rules, 2011: A set of rules pertaining to life insurance policies offered through the Department of Posts.
Ministry of Communications: The government ministry responsible for the Department of Posts and related services.
Department of Posts: The governmental department responsible for postal services and related financial products like Post Office Life Insurance.
Central Board of Secondary Education (CBSE): A national level board of education in India for public and private schools.
Indian Certificate of Secondary Education (ICSE): A private, non-governmental board of school education in India.
National Stock Exchange (NSE): A major stock exchange in India.
Bombay Stock Exchange (BSE): A major stock exchange in India.
Institute of Charted Accountants of India: A professional accounting body in India.
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5799 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF COMMUNICATIONS
(Department of Posts)
(DIRECTORATE OF PLI)
NOTIFICATION
New Delhi, the 19th September, 2017
F. No. 25-02/2017-LI.—The President is pleased to make the following amendments to “Post Office
Life Insurance Rules, 2011” published on 28th April, 2011 in Gazette of India, No. 85 (Part-I, Section-1
Extraordinary) and further amended vide Notification in Gazette of India No. 240 dated 18-10-2012.
(a) Following sub rules are added below sub rule (10) of Rule 6:
(11) Employees (teaching/non-teaching staff) of all private educational institutions/schools/colleges
etc. affiliated to recognized Boards (recognized by Centre /State Governments) of Secondary/
Senior Secondary education i.e. CBSE, ICSE, State Boards, Open Schools, etc.
(12) Professionals such as Doctors (including Doctors pursuing Post Graduate degree courses
through any Govt /Private Hospitals, Residents Doctors employed on contract/permanent basis
in any Govt/Private Hospitals etc), Engineers (including Engineers pursuing Master’s/Post
Graduate degree after having passed GATE entrance test), Management Consultants, Charted
Accountants registered with Institute of Charted Accountants of India, Architects, Lawyers
registered with Bar Council of India/States, Bankers working in Nationalised Banks and its
Associate Banks, Foreign Banks, Regional Rural Banks, Scheduled Commercial Banks
including Private Sector Banks etc.
(13) Employees of listed companies of NSE (National Stock Exchange) and Bombay Stock
Exchange (BSE) in IT, Banking & Finance, Healthcare/Pharma, Energy/Power, Telecom,
Infrastructure Sector etc, where employees are covered for Provident Fund /Gratuity and/or their
leave records are maintained by the establishment.
The amendments/modifications shall be effective from the date of issue.
VISHVAPAVAN PATI, Chief General Manager (PLI)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.