Sanction of APGLI Loans and Settlement of Claims to the Policyholders - Budget Release Order G.O.RT.No.1630 Dated: 27.09.2019

Sanction of APGLI Loans and Settlement of Claims to the Policyholders - Budget Release Order G.O.RT.No.1630 Dated: 27.09.2019 Budget - APGLI Department - Sanction an amount of Rs.115.00 Crores (Rupees One Hundred and Fifteen crores only) towards sanction of Loans and settlement of Claims to the Policyholders of APGLI Department as 2^nd Quarter for the financial year 2019-2020 -Administrative Sanction - Orders - Issued.

FINANCE (ADMN-III-DSA, DI) DEPARTMENT

G.O.RT.No.1630 Dated: 27.09.2019. 

Read the following:-

1. Director of Insurance e-file.no.FIN04-19/2/2019-COMPILATION SEC-DOID, dt:14.08.2019.
2. G.O.Rt.No. 1424, Finance (FMU-GAD-2) Department, Dt.04.09.2019

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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.

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 2^nd 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.

Government After careful examination hereby accorded administrative sanction for an amount of Rs.115.00 Crores (Rupees One Hundred and Fifteen crores only) as 2^nd 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.

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

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