APGLI Department –Sanction an amount of Rs.115.00 Crores. sanction of Loans and settlement of Claims

ORDER:

In the reference first read above, the Director of Insurance has requested

to release Rs.115.00 Crores (Rupees One Hundred and Fifteen crores only) as

2nd quarter for the financial year 2019-2020 towards sanction of loans and

settlement of claims to the Policyholders in all 13 District Insurance Offices in

Andhra Pradesh.

2. In the reference second read above, the Government issued a Budget

Release Order for an amount of Rs.115.00 Crores (Rupees One Hundred and

Fifteen crores only) as 2nd quarter from the B.E provision 2019-20 in relaxation

of quarterly regulation towards meeting the expenditure towards sanction of

Loans and Settlement of Claims to the Policyholders of the APGLI Department.

3. Government After careful examination hereby accorded administrative

sanction for an amount of Rs.115.00 Crores (Rupees One Hundred and Fifteen

crores only) as 2nd quarter from the B.E provision 2019-20 in relaxation of

quarterly regulation towards meeting the expenditure on sanction of Loans and

Settlement of Claims to the Policyholders of the APGLI Department.

M.H – 8011 - Insurance & Pension Funds.

105 - State Government Insurance Fund.

S.H - (O1) – A.P. State Government Life Insurance Fund.

G.O copy

4. The Director of Insurance, A.P., Ibrahimpatnam shall take necessary

action accordingly.

(BY ORDER AND IN THE NAME OF THE GOVERNOR OF ANDHRA

PRADESH)

Dr. K.V.V. SATYANARAYANA

SPL SECRETARY TO GOVERNMENT (B&IF)