Simple Reversionary Bonus rate for the year ending
31.03.2010 on the Postal Life Insurance Policies on their becoming claim, due
to death or maturity:-
|
Sl. No.
|
Type of Insurance Policy
|
Rate of Bonus
|
|
1
|
Whole Life Assurance
(WLA)
|
Rs.85/- per thousand
sum assured
|
|
2
|
Endowment Assurance
(EA)
|
Rs.60/- per thousand
sum assured
|
|
3
|
Money Back Policies
(AEA)
|
Rs.55/- per thousand
sum assured
|
|
4
|
Convertible Whole
Life Policies
|
Whole Life Bonus
would be applicable but on conversion, Endowment Bonus rate will be
applicable
|
|
5
|
Terminal Bonus
|
Rs.20/- per sum assured
of Rs.10,000/- subject to maximum of Rs.1,000/- for whole life policies and
Endowment policies with term of 20 years and above.
|
The rate of Bonus for the year 2009-10 will be
applicable from the date of receipt of this notification by the Circles and
this will also be applicable to claim cases received but not settled till the
date of receipt of this Notification.
Interim Bonus at the rates mentioned above will also
be payable for all claims arising due to maturity or death until future
valuation is completed.
Source:-Directorate of Postal Life Insurance
Notification No.4-1/2008-LI dated 17th September, 2012
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