Acceptance of proposals & settlement of claims in respect of PLI & RPLI
Sum assured in respect of RPLI has been increased from Rs. 5 lacs to 10 lacs. Further the issue enabling the acceptance levels in Mc Camish was also pending.
Powers of different authorities regarding acceptance of proposals & settlement of claims in respect of PLI & RPLI have been reviewed and the limits have been revised keeping in mind the technical requirement of the above software