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EXTRAORDINARY
PART I—Section 1
PUBLISHED BY AUTHORITY
No. 67] NEW DELHI, THURSDAY , MARCH 21, 2024 /CHAITRA 1, 194 6
CG-DL-E-22032024-253294
2 THE GAZE TTE OF INDIA : EXTRAORDINARY [PART I—SEC.1]
MINISTRY OF COMMUNICATIONS
(Department of Posts)
(DIR ECTORATE OF POSTAL LIFE INSURANCE)
NOTIFICATI ON
New Delhi, the 13th March , 2024
F. No. 04 -01/2019 -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 liabiliti es of Post Office Life Insurance Fund (POLIF)
as on 31.03.2023, the Director General Postal Services is pleased to declare a simple Reversionary Bonus on the
Postal Life Insurance Policies on their becoming claims, due to death or maturity at the following rates: -
Type of Insurance Policy Rate of Bon us
i. Whole Life Assurance (WLA)
Rs. 76/ - per thousand of sum assured
ii. Endowment Assurance (EA)
(including Joint Life & Children Policies) Rs. 52/ - per thousand of sum assured
iii. Anticipated Endowment Assurance (AEA)
Rs. 48/ - per thousand o f 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 for the Financial Year 2024 -25 will be applicable from 01.04.2024.
3. Interim Bonus at the rates mentioned above will also be p ayable for all claims arising due to maturity or
death until future v aluation 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, Chi ef 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.
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