G.O.RT.No.938, Dated: 23-04-2018. Sanction an amount of Rs.75.00 Crores towards sanction of Loans and settlement of Claims to the Policyholders of APGLI Department as 1st Quarter for the financial year 2018- 2019

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 1st Quarter for the financial year 2018- 2019 – Administrative Sanction – Orders – Issued.
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FINANCE (ADMIN.III) DEPARTMENT 

G.O.RT.No. 938        Dated: 23-04-2018 

 Read the following:- 
 Lr.No.FIN04/33/2018 dated: 10.04.2018 of 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 1st quarter 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 above proposal, Government hereby accord sanction for an amount of Rs.75.00 Crores (Rupees Seventy Five crores only) as 1stquarter 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) 

 MUDDADA RAVICHANDRA 

 SECRETARY TO GOVERNMENT (R&E)

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