Declaration of Bonus on RPLI Policies for Financial Year 2024 25

EXTRAORDINARY PART I—Section 1 PUBLISHED BY AUTHORITY No. 66] NEW DELHI, THURSDAY , MARCH 21, 2024 /CHAITRA 1, 1946 CG-DL-E-21032024-253284 CG-DL-E-21032024-253284 MINISTRY OF COMMUNICATIONS (Department of Posts) (DIRECTORATE OF POSTAL LIFE INSURANCE) EXTRAORDINARY NOTIFICATION New Delhi, the 13 March , 2024 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 31.03.202 3, the Director General Post al Ser vices 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 Gram Priya policies) Rs. 45/ - per thousand of sum assured iv. Convertible Whole Life Assurance (CWLA) 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 202 4-25 will be applicable from 01.04.202 4. 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 b elow 50 paisa shall be ignored. JITENDRA GUPTA , Chief Gener al Manager (PLI) Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi -110064 and Published by the Contr oller of Publications, Delhi -110054.