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Friday, July 31, 2015

Revision of sum assured in respect of RPLI policies - order dated 20-07-2015

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Simple Reversionary Bonus rate for the year ending 31.03.2011 on the Rural 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.65 per thousand sum assured
(ii)
Endowment Assurance (EA)
Rs.50 per thousand sum assured
(iii)
Anticipated Endowment Assurance (AEA)
Rs.47 per thousand sum assured
(iv)
Convertible Whole Life Policies
Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable

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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