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.
|
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.
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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