Wednesday, July 25, 2018

APGLI Sanction an amount of Rs.75.00 Crores Loans and settlement of Claims to the Policyholders

APGLI Sanction an amount of Rs.75.00 Crores Loans and settlement of Claims to the Policyholders as per G.o.No:1524/APGLI Policyholders in all 13 District 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 as per G.O.RT.No. 1524 Dated: 25-07-2018.
APGLI 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 as per G.O.RT.No. 1524 Dated: 25-07-2018.

APGLI Sanction an amount of Rs.75.00 Crores Loans and settlement of Claims to the Policyholders as per G.o.No:1524



  • FIN04-19/11/2018 received from the Director of Insurance, A.P.,Ibrahimpatnam.


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.




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.


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


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