Wednesday, 25 July 2018

G.O.RT.No. 1524, Dated: 25-07-2018. Sanction an amount of Rs.75.00 Crores towards sanction of Loans and settlement of Claims to the Policyholders of APGLI Department as 2ndQuarter for the financial year 2018- 2019 – Administrative Sanction



GOVERNMENT OF ANDHRA PRADESH
ABSTRACT

APGLI Department –Sanction an amount of Rs.75.00 Crores (Rupees Seventy Five Crores only) towards sanction of Loans and settlement of Claims to the Policyholders of APGLI Department as 2ndQuarter for the financial year 2018- 2019 – Administrative Sanction – Orders Issued.

FINANCE (ADMIN.III) DEPARTMENT
                             G.O.RT.No. 1524                     Dated: 25-07-2018                                                       






                         
Read the following:-
1.  FIN04-19/11/2018 received from the Director of Insurance, A.P., Ibrahimpatnam.

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ORDER:

     In the reference read above, the Director of Insurance has requested to release Rs.75.00 Crores (Rupees Seventy Five crores only) as 2ndquarter for the financial year 2018-19 towards sanction of loans and settlement of claims to the Policyholders in all 13 District Insurance Offices in Andhra Pradesh

2.    After careful examination of the proposal, Government hereby accord sanction for an amount of Rs.75.00 Crores (Rupees Seventy Five crores only) as 2nd quarter of the financial year 2018-2019 towards sanction of loans and settlement of claims to the Policyholders in all 13 District Insurance Offices in Andhra Pradesh under the following Public Head of Account.

M.H – 8011 - Insurance & Pension Funds.  

105 - State Government Insurance Fund.  

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

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


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

                         

                                     K.V.V. SATYANARAYANA                                            
 SPECIAL SECRETARY TO GOVERNMENT (B&IF) 



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