DoP – Clarification on date of commencement of risk for PLI / RPLI proposals DIRECTORATE OF POSTAL LIFE INSURANCE Department of Posts, Ministry of Communications, Government of India Chanakyapuri Post Office Complex, New Delhi-1 10021 Dated: 05.10.2020 25-02/ 2020-LI (2) To, All HOCs Sub: Clarification on “date of commencement of risk” for PLI / RPLI proposals. It has come to the notice of PLI Directorate that in many of the PLI/ RPLI policies being issued, “Date of proposal” is taken as “Date of acceptance” and “ Date of Commencement of risk ”, which is not in line with the provisions of POLI Rules, 2011. 2. “Date of acceptance” of a PLI/ RPLI policy and “ Date of commencement of risk ” must not be before the date on which the approving authority actually accepts/ approves the proposal. 3. These instructions may be disseminated among all approving authorities for strict compliance. This issues with the approval of CGM (PLI). (Har...