The rates of Bonus for the year ending 31.03.2010 on the Postal Life Insurance Policies on their becoming claim due to death or maturity declared vide Directorate of Postal Life Insurance Notification No.4-1/2008-LI dated 17th September, 2012 are as follows.
Sl.
|
Type of Insurance Policy
|
Rate of Bonus
|
(i)
|
Whole Life Assurance (WLA)
|
Rs.85 per thousand sum assured
|
(ii)
|
Endowment Assurance (EA)
|
Rs.60 per thousand sum assured
|
(iii)
|
Money Back Policies (AEA)
|
Rs.55 per thousand sum assured
|
(iv)
|
Convertible Whole Life Policies
|
Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable
|
(v)
|
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.
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