TSGLI Amount Sanctioned towards Loans Settlement of Claims to Policy Holders

G.O.RT.No. 190, Dated: 22.01.2015: Government of Telangana, Finance Department, Telangana State Government Life Insurance Department- Sanction an amount of Rs.40,00,00,000/- towards Loans settlement of Claims to the policyholders of TSGLI Department – Administrative Sanction – Orders – Issued.

Reference:

1. G.O.Rt.No.1504, Finance (Admn.II) Department, dt:24.04.2014.
2. G.O.Rt.No.1999, Finance (Admn.II) Department, dt:31.05.2014.
3. G.O.Rt.No.1051, Finance (Admn.I) Department, dt:29.10.2014.
4. Lr.No.C1/12/LOC/Compilation/2014-2015, Director of Insurance, Telangana, Hyderabad, dated:16.12.2014.
5. G.O.Rt.No.134, Finance (EBS-I) Department, dt:16.01.2015.

ORDER
In the reference 4th read above, the Director of Insurance, Telangana, Hyderabad has requested the Government to sanction of release an amount of Rs.40,00,00,000/- (Rupees Forty Crores only) to Telangana State under public Account from the BE provision 2014-15 towards 4th instalment for sanction of loans and settlement of claims to the policy holders in all 10 District Insurance Offices under the Head of Account: M.H-8011-105-S.H – (01).

1. Government, after careful examination of the proposal of the Director of Insurance, Telangana, Hyderabad and in pursuance of Budget Release Order issued by Finance (EBS-I) Department, in the reference 5th read above, hereby accord administrative sanction for an amount of Rs.40,00,00,000/- (Rupees Forty Crores only) Public Account, from BE provision 2014-15 as 4thinstallment toward sanction of Loans and settlement of claims to the policy holders in all 10 District Insurance Offices in relaxation of Treasury Control orders, under the following Head of Account.

M.H.-8011- Insurance & Pension Funds.
105- State Government Insurance Fund.
S.H. – (01) – Telangana State Life Insurance Fund.

1. The Director of Insurance, Telangana, Hyderabad is requested to take action accordingly.
2. Copy of this order