APGLI Budget Sanction of an amount of Rs.160.00 Crores (Rupees One hundred and sixty crores only) towards settlement of Claims to the Policyholders of APGLI Department in the 2nd Quarter for the Financial year 2020-21 Administrative Sanction
APGLI Budget settlement of Claims to the Policyholders
In the reference 1st and 2nd read above, the Director of Insurance has requested to release Rs.160.00 Crores (Rupees One Hundred and Sixty crores only) towards settlement of Claims to the Policyholders of APGLI Department in the 2nd Quarter for the financial year 2020-21 duly treating the Expenditure as incurred in April,2020 as 1st quarter allotments.
In the reference 3rd read above, a Budget Release Order was issued for an amount of Rs.160.00 Crores (Rupees One Hundred and Sixty crores only) towards settlement of Claims to the Policyholders of APGLI Department in the 2nd Quarter for the financial year 2020-21.
Government after careful examination hereby accord Administrative Sanction for an amount of Rs.160.00 Crores (Rupees One Hundred and Sixty crores only) towards settlement of Claims to the Policyholders of APGLI Department in the 2nd Quarter for the financial year 2020-21 duly treating the Expenditure as incurred in April,2020 as 1st quarter allotments, under the following Head of Accounts:
- M.H – 8011 - Insurance & Pension Funds.
- 105 - State Government Insurance Fund.
- S.H - (01) – A.P. State Government Life Insurance Fund.
The Director of Insurance, A.P., Ibrahimpatnam shall take necessary action according
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