PLI RPLI Incentive Structure Changes 2025
Changes in Promotional and Incentive Structure of PLI/RPLI
Download PLI RPLI Incentive Structure Changes 2025 in PDF
The Government of India, Ministry of Communications, Department of Posts, has announced modifications in the promotional and incentive structure of Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI). These changes, approved by the Postal Services Board (PSB) on 12th March 2025, aim to streamline the incentive distribution for monitoring staff at the divisional level. The updated structure is set to be implemented from 1st April 2025.
Key Modifications in Incentive Structure
-
Procurement Incentive Regularization:
- The procurement incentive will be paid to the officer holding the charge of the respective post at the time of policy indexing. The incentive is payable based on the mode of premium deposit:
- Annual Mode: Paid after 12 months
- Semi-Annual Mode: Paid after 6 months
- Quarterly Mode: Paid after 3 months
- Monthly Mode: Paid after 1 month
- Incentive payment will occur only after policy acceptance and the free-look period completion. Subsequent premium deposits will be eligible for incentives only for the monitoring officer in charge at the time of realization.
-
Revised Incentive Rates for Monitoring Staff:
- Development Officer: 0.8% of the new business premium procured by Development Assistants (DA) & Field Officers (FO) under them.
- Sub-Divisional Head: 0.6% of new business premium procured by Gramin Dak Sevaks (GDS) under them.
- Mail Overseer: 0.2% of new business premium procured by GDS under them.
- Sub-Divisional Head: 0.8% of new business premium procured by Departmental Employees (DE) in Post Offices under their jurisdiction.
- ASP (HQ)/Office Superintendent (OS): 0.8% of new business premium procured by DE in Administrative Offices under them. If ASP (HQ)/OS is unavailable, duties may be assigned to Deputy Superintendent (Dy. SP) or another IP/ASP cadre officer with approval from the next higher authority.
- Divisional Head: 0.2% of new business premium procured by all sales forces (DE/FO/GDS/DA) in the division.
- No Renewal Incentive: Development Officers, Sub-Divisional Heads, Mail Overseers, Dy. SP/ASP (HQ)/OS, and Divisional Heads will not be eligible for renewal incentives.
Implementation & Software Integration
- The incentive structure changes must be incorporated into the PLI software for seamless processing.
- All concerned divisions must strictly adhere to these guidelines, ensuring smooth implementation from 1st April 2025.
The modifications in the incentive structure are aimed at improving efficiency and ensuring fair compensation for the monitoring staff involved in policy procurement. The revised framework is expected to enhance motivation among postal employees and streamline operations within the Postal Life Insurance and Rural Postal Life Insurance sectors.
No comments