Home India Ministry of Communications The President is pleased to make the further following amend...
Date: 2020-09-17 Category: Extra Ordinary State: Union Government Country: India

The President is pleased to make the further following amendments to Rule 39 of Post Office Life Insurance Rules

Issued by Ministry of Communications · Department of Posts

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Executive Summary & Key Takeaways

This notification, dated September 7, 2020, announces amendments to Rule 39 of the Post Office Life Insurance (POLI) Rules, 2011. The amendment concerns instances of wrong information or suppression of factual information by individuals admitted to the benefits of the Post Office Life Insurance Fund or Rural Post Office Life Insurance Fund. The key change replaces the decision-making authority from the "Postmaster General" to the "Approving Authority." Furthermore, it specifies that contracts are voidable, and payments are forfeited only if the insurance policy becomes a claim before three years from the date of acceptance or revival of the policy, whichever is later. The notification was issued by Manju Kumar, Chief General Manager PLI, equivalent to Addl. Secy., Department of Posts, Ministry of Communications. The original POLI Rules, 2011 were published on April 28, 2011, in the Gazette of India No. 85 Part I Section 1 Extraordinary.

Key Entities Referenced

Post Office Life Insurance Rules 2011: A set of rules governing Post Office Life Insurance policies. Post Office Life Insurance Fund: A fund associated with Post Office Life Insurance policies. Rural Post Office Life Insurance Fund: A fund associated with Rural Post Office Life Insurance policies. Ministry of Communications: The Indian government ministry responsible for communications. Department of Posts: A department within the Ministry of Communications. Directorate of PLI: The directorate responsible for Post Office Life Insurance within the Department of Posts. Postmaster General: An administrative position with authority over postal operations, specifically in relation to discretion regarding policy matters. Approving Authority: An administrative position with authority to render voidable the contract concluded with a person.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-17092020-221793 xxxGIDHxxx CG-DL-E-17092020-221793 xxxGIDExxx असाधारण EXTRAORDINARY भाग I—खण्ड 1 PART I—Section 1 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 246] नई ददल्ली, बृैं स्ट्प जतिार, जसतम्ब र 17, 2020/भाद्र 26, 1942 No. 246] NEW DELHI, THURSDAY, SEPTEMBER 17, 2020/BHADRA 26, 1942 सचं ार मत्रं ालय (डाक जिभाग) (पी.एल.आई. जनदेिालय) अजधसचू ना नई ददल् ली, 7 जसतम्बर, 2020 स.ं 25-5/2020-एल.आई.—राष्‍टर पजत, भारत के रािपत्र संख्य ा 5 ाभाग-I, खंड-1, असाधारण) में 2 अप्रलै , 2011 को प्रकाजित ''डाक घर िीिन बीमा जनयमािली, 2011'' के जनयम 39 म ेंपुन: जनम्न जलजखत संिोधन करते ैं : 39. ाके स्ट्थान पर) डाकघर बीमा जनजध/ग्रामीण डाकघर बीमा जनजध के लाभ में िाजमल व् यजि ्ारा गलत सूचना ददए िाने अथिा तथ्य परक सूचना जपपान े पर पोस्ट् मास्ट् र िनरल/जडिीिन प्रमुख के जििेक पर उस व् यजि के साथ क गई संजिदा का िू्‍ यकरण कर ददया िाएगा रर उसके ्ारा ददय े गये सभी भुगतान को ि्‍त कर जलया िाएगा । 39. ापढ़ें) डाकघर िीिन बीमा जनजध/ग्रामीण डाकघर िीिन बीमा जनजध के लाभ में िाजमल व् यजि ्ारा गलत सूचना ददए िान े अथिा तथ्य परक सूचना जपपान े पर अनुमोदन प्राजधकारी के जििेक के आधार पर उस व् यजि के साथ दकए गए अनुबंध को अमा्‍य कर ददया िाएगा रर सम्बजं धत बीमा पॉजलसी में ददय े गये सभी भुगतान को ि्‍ त कर जलया िाएगा, यदद बीमा पॉजलसी, स्ट्िीकृजत क जतजथ अथिा ररिाइिल क जतजथ, िो भी बाद म ें ैं ो, से 3 ातीन) िर् ष के भीतर दािा बन िाती ैं ै| मंिू कुमार, मुख्य मैं ाप्रबंधक ाडाक िीिन बीमा) (अजतररि सजचि के समकक्ष) 4314 GI/2020 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1] MINISTRY OF COMMUNICATIONS (Department of Posts) (DIRECTORATE OF PLI) NOTIFICATION New Delhi, the 7th September, 2020 No. 25-5/2020-LI.—The President is pleased to make the further following amendments to Rule 39 of “Post Office Life Insurance Rules-2011” published on 28th April 2011 in the Gazette of India No. 85 (Part-I Section-1 Extraordinary): 39 (For) : “Wrong information furnished by a person or suppression of factual information by a person admitted to the benefits of the Post Office Life Insurance Fund/Rural Post Office Life Insurance Fund will, at the discretion of the Postmaster General, render voidable the contract concluded with that person and lead to forfeiture of all payment made by him.” 39 (READ) : “Wrong information furnished by a person or suppression of factual information by a person admitted to the benefits of the Post Office Life Insurance Fund/Rural Post Office Life Insurance Fund will, at the discretion of the Approving Authority, render voidable the contract concluded with that person and lead to forfeiture of all payment made in the respective insurance policy, if the insurance policy becomes claim before completion of 3 (three) years from the date of acceptance of policy or revival of policy whichever is later” MANJU KUMAR, Chief General Manager (PLI) (Equivalent to Addl. Secy.) 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.

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