The government has announced the bonus for Post Office Rural Postal Life (RPLI) Insurance policy holders. The rates of Bonus for the Financial Year 2023-24 will be applicable from 01.04.2023.
According to the Ministry of Communications notification No 12 dated January 11, 2023 (Gazette ID-CG-DL-E-11012023-241902) declaring bonus on RPLI policies for financial year Fy 2023-24 for information.
F No 04-02/2019-LI
MINISTRY OF COMMUNICATIONS
(Department of Posts)
(DIRECTORATE OF POSTAL LIFE INSURANCE)
NOTIFICATION
New Delhi, the 4th January, 2023
Download RPLI Bonus Rates 2023-24 in PDF
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 31.03.2022, the Director General Postal Services 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 :-
RPLI Bonus Rates 2023-24:
|
Type of RPLI Insurance Policy |
Rate of Bonus |
|
i. Whole Life Assurance (WLA) |
Rs. 60/- per thousand of sum assured |
|
ii. Endowment Assurance (EA) (including children policies) |
Rs. 48/- per thousand of sum assured |
|
iii. Anticipated Endowment Assurance (AEA) |
Rs. 45/- per thousand of sum assured |
|
iv. Convertible Whole Life Policies (CWA) |
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 2023-24 will be applicable from 01.04.2023.
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. JITENDRA GUPTA, Chief General Manager (PLI)
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.
