Rural Postal Life Insurance (RPLI) Rate of Bonus for F.Y. 2021-22 applicable from 01.04.2021

HomePost office

Rural Postal Life Insurance (RPLI) Rate of Bonus for F.Y. 2021-22 applicable from 01.04.2021

Rural Postal Life Insurance (RPLI) Rate of Bonus for F.Y. 2021-22 applicable from 01.04.2021 MINISTRY OF COMMUNICATIONS (Department Of Posts) (DIRE

Postal Life Insurance Latest: Regarding approval for termination of wrongly migrated policies
Reversionary Bonus on the Postal Life Insurance Policies for year 2016-17, 2017-18, 2018-19 and 2019-20 Notification dated 31.03.2020
Postal Life Insurance Gazette Notification: Rates of Bonus for the Financial Year 2020-21 from 01.04.2020

Rural Postal Life Insurance (RPLI) Rate of Bonus for F.Y. 2021-22 applicable from 01.04.2021

MINISTRY OF COMMUNICATIONS
(Department Of Posts)
(DIRECTORATE OF POSTAL LIFE INSURANCE)

NOTIFICATION

New Delhi. the 18th February. 2021

F. No. 04-02/2019-LI .—In exercise of powers conferred vide Rule 3 of Post Office Life Insurance Rules (2011) and on the basis of Actuarial Valuation of the assets and liabilities of Rural Post Office Life Insurance Fund (RPOLIF) as on 31.03.2020, the Director General (Posts) is pleased to declare a simple Reversionary Bonus on the Rural Postal Life Insurance Policies on their becoming claims. due to death or maturity at the following rates :-

Type of Insurance Policy Rate of Bonus
i. Whole Life Assurance (WLA) Rs. 60/- per thousand of sum assured
ii. Endowment Assurance (EA)
(including children policy)
Rs. 48/- per thousand of sum assured
iii. Anticipated Endowment Assurance (AEA) (including GP policies) Rs. 45/- per thousand of sum assured
iv. Convertible Whole Life Assurance Whole Life Bonus rate would be applicable, but on conversion. Endowment Assurance bonus rate will be applicable.
v. Terminal Bonus Rs. 20/- per sum assured of Rs. 10.000/-. subject to maximum of Rs.1000 for Whole Life Assurance and Endowment Assurance policies with term of 20 years or more.

2. The rates of Bonus mentioned above for the Financial Year 2021-22 will be applicable from 01.04.2021.

3. 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.

4. The amount of Bonus involving a fraction of 50 paisa or more shall be rounded off to the next higher Rupee and fraction below 50 paisa shall be ignored.

MANJU KUMAR. Chief General Manager (PLI).
(Equivalent to Addl. Secy. )

rural-postal-life-insurance-rpli-rate-of-bonus-for-f-y-2021-22-applicable-from-01-04-2021

Click here to view/download the Gazette Notification

COMMENTS

WORDPRESS: 0