Simple
Reversionary Bonus rate for the year ending 31.03.2011 on the Postal
Life Insurance Policies on their becoming claim, due to death or
maturity:-
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 2010-11 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.
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