PLI RPLI Incentive Structure 2023 | Download PLI (Postal Life Insurance) RPLI (Rural Postal Life Insurance) Incentive Structure in PPT, PDF

This is regarding PLI RPLI Incentive Structure for the year 2023-2024.

Download PLI RPLI Incentive Structure 2023 in PDF

Rate of Incentive Structure for First Year Incentive (i,e, for first 12 Months) For EA,WLA,CWLA,YS AND CHILDREAN PLI POLICY: 

Postal Life Insurance (PLI) POLICY PAYING TERM	PLI INCENTIVE STRUCTURE
Up to and equal to 15 years	4 % of first year premium
More than 15 years but less than or equal to 25 years	10 % of first year premium
More than 25 years	20 % of first year premium

 FOR PLI AEA (MONEY BACK ) POLICY: 

POLICY PAYING TERM	INCENTIVE STRUCTURE
less than or equal to 15 years	5 % of first year premium
More than 25 years	7 % of first year premium

 

RATE OF PLI INCENTIVE STRUCTURE: For  Renewal Year Incentive (i.e, after 12 Months):

Premium received from 13th month Onwards in a PLI policy is renewal Premium. The Incentive payable on renewal premium will be renewal Incentive.

 Incentive @ 1% on Premium received from 13th month Onwards is payable

RATE OF INCENTIVE STRUCTURE Rural Postal Life Insurance (RPLI) For  first Year Incentive (i.e, for first 12 Months) FOR REA, RWLA, RCWA, RAEA AND RURAL CHILDREAN POLICY:

 

Premium received from first 12 month in a RPLI policy is renewal Premium. The Incentive payable on First Year premium will be First Year Incentive.

Incentive @ 10% on Premium received for first 12 month  is payable

 

For Renewal RPLI Year Incentive (i.e, after 12 Months):

 

Premium received from 13th month Onwards in a RPLI policy is renewal Premium. The Incentive payable on renewal premium will be renewal Incentive.

Incentive @ 2.5% on Premium received from 13th month Onwards is payable .