LIAFI-SG/ED(Mktg)-060/15 6 July 2015
Shri. Vinay Sah, E.D. (Mktg)
Agency Section, III Floor
Central Office, “Yogakshema”,
L.I. C. of India, Jeevan Beema Marg,
Sub: Application of N.B. Rules for Revival of Policies-Reg
The Branches are completing proposals up to Rs. 10 lakhs in case of New Business, where as the PS Department is insisting for TPA Reports for all the revivals above Rs. 2 lakhs sum assured. We requested to apply the same NB Rules for revival also in the meeting held on 25-07-2014 with your predecessor.
We feel the present revival procedure is hampering the interest of continuation of policies. We request you to initiate steps to bring the revival procedure on par with NB completion procedure.
For Life insurance Agents’ Federation of India