Thursday, 26 July 2018

APGLI Department Sanction an amount of Rs.75.00 Crores of Loans and settlement of Claims to the Policyholders

APGLI Department –Sanction an amount of Rs.75.00 Crores (Rupees Seventy
Five Crores only) towards sanction of Loans and settlement of Claims to the
Policyholders of APGLI Department as 2ndQuarter for the financial year 2018-
2019 – Administrative Sanction – Orders Issued.

In the reference read above, the Director of Insurance has requested to
release Rs.75.00 Crores (Rupees Seventy Five crores only) as 2ndquarter for the financial year 2018-19 towards sanction of loans and settlement of claims to the Policyholders in all 13 District Insurance Offices in Andhra Pradesh

2. After careful examination of the proposal, Government hereby accord
sanction for an amount of Rs.75.00 Crores (Rupees Seventy Five crores only) as
2nd quarter of the financial year 2018-2019 towards sanction of loans and
settlement of claims to the Policyholders in all 13 District Insurance Offices in
Andhra Pradesh under the following Public Head of Account.
M.H – 8011 - Insurance & Pension Funds.
105 - State Government Insurance Fund.
S.H - (O1) – A.P. State Government Life Insurance Fund.
3. The Director of Insurance, A.P., Ibrahimpatnam shall take necessary
action accordingly.

Click here to Download Complete G.O

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