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AP: APGLI Dept sanction of 75 crores Loans & Settlement of Claims to the policyholders Financial year 2015-16

GOVT OF ANDHRA PRADESH

APGLI Dept –Sanction an amount of Rs.75.00 Crores towards
sanction of Loans and settlement of Claims to the Policyholders of APGLI
Department for the financial year 2015-2016– Administrative Sanction –
Orders – Issued.


 FINANCE (ADMN-II) DEPARTMENT


G.O.RT.No. 1618 Dated: MAY 6 th, 2015


Read:

1. Lr. No.C/LOC/01/AP-DIR/2015-2016, Dt. 30-03-2015 of the
APGLI, Dept, A.P. Hyderabad.

2. U.O. No. 2039-A/153/A2/EBS-I/2015, Finance (EBS-I)
Dept, dt: 27-04-2015.


ORDER:

In the reference First read above, the Director of Insurance (FAC), A.P.
Hyderabad has requested the Govt to release an amount of
Rs.75.00 crores (Rupees Seventy Five crores only) towards 1st quarter
amount of the Financial year 2015-16 to facilitate distribution among the
(13) District Insurance Offices towards sanction of Loans and settlement of
Claims to the Policyholders under the Head of Account 8011-MH – 105-
SH (01).


2. Govt, after careful examination of the proposal of the
Director of Insurance(FAC), A.P. Hyderabad, hereby accord sanction for an
amount of Rs. 75.00 Crores (Rupees 75 crores only) under Public
Account, from the BE provision 2015-16 towards loans and settlement of
claims in all 13 District Insurance Offices in AP under the
following Head of Account.
 M.H – 8011- Insurance & Pension Funds.
 105- State Govt Insurance Fund.
 S.H - (O1) – A.P. State Govt Life Insurance Fund.


3. The Director of Insurance (FAC), A.P. Hyderabad is requested to take
necessary action.