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Promotional and Incentive Structure of PLI / RPLI - Clarification in respect of sales force - regarding.

Subject: Promotional and Incentive Structure of PLI / RPLI - Clarification in respect of sales force - regarding.

This is regarding the promotional and incentive structure of PLI/RPLI, issued vide PLI Directorate OM No. 28-03/2019-LI dated 19.06.2020 and implemented in Circles w.e.f. 01.07.2020 and further clarified vide letter No. 28-03/2019-LI dated 06.07.2020.

2. In this connection, Para 2 (i) is clarified in respect of sales force procuring PLI/RPLI business:

SI. No.

Earlier Orders

Clarification

(i)

Sales force of PLI/RPLI may procure PLI/RPLI business from anywhere in a Postal Circle.

Sales force of PLI/RPLI may procure PLI/RPLI business from anywhere in the Country.

(ii)

In such cases, PLI/RPLI policy will be indexed at the HO CPC nearest to the address/place of the residence of the insurant.

In such cases, PLI/RPLI policy will be indexed at the HO CPC anywhere in the Country.

(iii)

No TA/DA will be payable to sales force of PLI/RPLI for procuring PLI/RPLI business.

No TA/DA will be payable to sales force of PLI/RPLI for procuring PLI/RPLI business in all such cases.

3. All other contents of the clarification issued vide letter No. 28-03/2019-LI dated 06.07.2020 hold good.

This issues with approval of the Competent Authority.

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