Date: 2017-11-29Category: Extra OrdinaryState: Union GovernmentCountry: India
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
This notification, dated November 27, 2017, from the Directorate of Postal Life Insurance, Department of Posts, Ministry of Communications, announces the reversionary bonus rates for Rural Postal Life Insurance (RPLI) policies. Effective from the date of receipt of the notification by the Circles, and applicable to pending claim cases, the bonus rates are as follows, based on the actuarial valuation of the Rural Post Office Life Insurance Fund (RPOLIF) as of March 31, 2016:
* Whole Life Assurance (WLA): Rs. 65 per thousand of sum assured.
* Endowment Assurance (EA), including children policies: Rs. 50 per thousand of sum assured.
* Anticipated Endowment Assurance (AEA), including Gramin Yuva policies: Rs. 47 per thousand of sum assured.
* Convertible Whole Life Policies: Whole Life Bonus rate applies before conversion; Endowment Bonus rate applies after conversion.
Interim bonus at the stated rates will be paid for maturity and death claims until the next valuation is completed. Bonus amounts with a fraction of 50 paisa or more will be rounded up to the next higher Rupee.
The notification is issued by Vishvapavan Pati, Chief General Manager PLI Equivalent to the Rank of Addl. Secy. and was uploaded by the Directorate of Printing at the Government of India Press, New Delhi.
Key Entities Referenced
Post Office Life Insurance Rules 2011: A set of rules governing Post Office Life Insurance, mentioned as the basis for exercising powers in the notification.
Rural Post Office Life Insurance Fund RPOLIF: A fund whose assets and liabilities were subject to actuarial valuation as of 31.03.2016.
Director General Posts: The authority who declared the Reversionary Bonus on Rural Postal Life Insurance Policies.
Rural Postal Life Insurance Policies: The policies on which a simple Reversionary Bonus is declared.
Whole Life Assurance WLA: A type of insurance policy with a bonus rate of Rs. 65 per thousand of sum assured.
Endowment Assurance EA: A type of insurance policy with a bonus rate of Rs. 50 per thousand of sum assured, including children policy.
Anticipated Endowment Assurance AEA: A type of insurance policy with a bonus rate of Rs. 47 per thousand of sum assured, including GY policies.
Ministry of Communications: The ministry under which the Department of Posts and the Directorate of Postal Life Insurance operate.
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EXTRAORDINARY
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PART I—Section 1
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PUBLISHED BY AUTHORITY
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No. 315] NEW DELHI, WEDNESDAY, NOVEMBER 29, 2017/AGRAHAYANA 8, 1939
ससससचचंंचचंं ाााारररर मममम(cid:3)(cid:3)ंं(cid:3)(cid:3)ंं ााााललललयययय
((((डडडडााााकककक ििििववववभभभभाााागगगग))))
((((डडडडााााकककक जजजजीीीीववववनननन बबबबीीीीममममाााा ििििननननददददेशेशेशेशााााललललयययय))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 27 नव(cid:8)बर, 2017
फफफफाााा.... सससस..ंं..ंं 00005555----00002222////2222000011117777----एएएएललललआआआआईईईई....————डाकघर जीवन बीमा िनयमावली (2011) के िनयम 03 म (cid:12) (cid:13)द(cid:14) शि(cid:17)य(cid:19) का
(cid:13)योग करत े (cid:22)ए तथा (cid:24)ामीण डाकघर जीवन बीमा िनिध क(cid:28) प(cid:30)रसंपि(cid:14)य(cid:19) व दये ता# के बीमाकं क मू(cid:3)यन
(आरपीओएलआईएफ) के 31-03-2016 के आधार पर, महािनदशे क (डाक), (cid:24)ामीण डाक जीवन बीमा पॉिलिसय(cid:19) के म’ृ यु
अथवा प(cid:30)रप)ता के कारण उनके दाव ेबनने पर िन*िलिखत दर(cid:19) पर साधारण (cid:13)’यावत,नीय बोनस क(cid:28) घोषणा करत ेह:.-
बबबबीीीीममममाााा पपपपॉॉॉॉललललीीीीससससीीीी ककककाााा (cid:11)(cid:11)(cid:11)(cid:11)ककककाााारररर बबबबोोोोननननसससस कककक(cid:15)(cid:15)(cid:15)(cid:15) ददददरररर
i. आजीवन बीमा ((((डडडड(cid:18)(cid:18)(cid:18)(cid:18)(cid:19)(cid:19)(cid:19)(cid:19)ययययएएूूएएूू ललललएएएए)))) 0. 65/- (cid:13)ित एक हजार 0पए क(cid:28) बीिमत रािश के िलए
ii. साविध बीमा ((((ईईईईएएएए)))) 0. 50/- (cid:13)ित एक हजार 0पए क(cid:28) बीिमत रािश के िलए
((((बबबबाााालललल पपपपााााििििललललििििससससयययय(cid:25)(cid:25)(cid:25)(cid:25) ससससििििहहहहतततत))))
Iii. (cid:13)’यािशत साविध बीमा ((((एएएएईईईईएएएए)))) 0. 47/- (cid:13)ित एक हजार 0पए क(cid:28) बीिमत रािश के िलए
((((जजजजीीीीववववााााईईईई पपपपााााििििललललििििससससयययय(cid:25)(cid:25)(cid:25)(cid:25) ससससििििहहहहतततत))))
iv प(cid:30)रवतन, ीय आजीवन बीमा आजीवन बीमा बोनस क(cid:28) दर(cid:12) लागू ह(cid:19)गी 8कतु प(cid:30)रवत,न के प9 चात्
साविध बीमा के बोनस क(cid:28) दर(cid:12) लागू ह(cid:19)गी।
6966 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
2. वष, 2015-2016 के िलए बोनस क(cid:28) दर(cid:12) इस अिधसूचना के सक,ल(cid:19) म(cid:12) (cid:13)ा= होन े क(cid:28) तारीख से लागू ह(cid:19)गी तथा यह
उन दावा मामल(cid:19) के िलए भी लाग ू ह(cid:19)गी जो इस अिधसूचना क(cid:28) (cid:13)ाि= क(cid:28) तारीख तक (cid:13)ा= हो चकु े थ े पर िनपटाए नह> गए
थे।
3. उि(cid:3)लिखत अतं (cid:30)रम बोनस क(cid:28) दर(cid:12) भिवBय का मू(cid:3)यन पूरा होने तक प(cid:30)रप)ता अथवा म’ृ यु के कारण (cid:1)कए जाने वाल े
सभी दाव(cid:19) के िलए भी देय ह(cid:19)गी।
4. बोनस म (cid:12) स(cid:8)मिलत 50 पैस े या उसस े अिधक के अंश को अगल े 0पए म(cid:12) पूणा(cid:1)C कत (cid:1)कया जाए तथा 50 पसै े स े कम के
अंश क(cid:28) गणना न क(cid:28) जाए।
िवDपवन पित, मुEय महा(cid:13)बFधक (डाजीबी)
सह सिचव के समतु(cid:3)य पदधारी
MINISTRY OF COMMUNICATIONS
(Department of Posts)
(DIRECTORATE OF POSTAL LIFE INSURANCE)
NOTIFICATION
New Delhi, the 27th November, 2017
F. No. 05-02/2017-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 31.03.2016, 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. 65/- per thousand of sum assured
ii. Endowment Assurance (EA) Rs. 50/- per thousand of sum assured
(including children policy)
iii. Anticipated Endowment Assurance (AEA) Rs. 47/- per thousand of sum assured
(including GY policies)
iv. Convertible Whole Life Policies Whole Life Bonus rate would be applicable
but on conversion endowment Bonus rate will
be applicable.
2. The rates of Bonus for the year 2015-2016 will be applicable from the date of receipt of this Notification by the
Circles and this will also be applicable to claim cases received but not settled till the date of receipt of this Notification.
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.
VISHVAPAVAN PATI, Chief General Manager (PLI)
Equivalent to the Rank of Addl. Secy.
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.