This notification, issued by the Directorate of Postal Life Insurance, Department of Posts, Ministry of Communications, declares the reversionary bonus rates for Postal Life Insurance (PLI) policies. Effective from the date of receipt of this notification by the Circles, the following bonus rates are applicable based on the actuarial valuation of the Post Office Life Insurance Fund (POLIF) as of March 31, 2016:
* **Whole Life Assurance (WLA):** Rs. 85 per thousand of sum assured.
* **Endowment Assurance (EA):** Rs. 58 per thousand of sum assured, including Joint Life and Children policies.
* **Anticipated Endowment Assurance (AEA):** Rs. 53 per thousand of sum assured.
* **Convertible Whole Life Policies (CWA):** Whole Life bonus rate applies; upon conversion, the Endowment Assurance bonus rate applies.
* **Terminal Bonus:** Rs. 20 per sum assured of Rs. 10,000, up to a maximum of Rs. 1000, for Whole Life Assurance and Endowment Assurance policies with a term of 20 years or more.
These rates are applicable for the year 2015-2016 and will also apply to claim cases received but not settled by the date of the notification's receipt. Interim bonus at the specified rates will be payable for all maturity or death claims until the next valuation is completed. Bonus amounts involving a fraction of 50 paisa or more will be rounded up to the next higher Rupee.
The notification is issued under F.No. 04042017-LI, and the declaring authority is the Director General Posts, exercising powers conferred vide Rule 3 of Post Office Life Insurance Rules 2011. VISHVAPAVAN PATI, Chief General Manager PLI.
Key Entities Referenced
Post Office Life Insurance Rules 2011: A set of rules governing Post Office Life Insurance, referenced as the basis for exercising powers in the notification.
Post Office Life Insurance Fund POLIF: The fund containing the assets and liabilities of Post Office Life Insurance, which is subject to Actuarial Valuation.
Director General Posts: The authority declaring the Reversionary Bonus on Postal Life Insurance Policies based on the Actuarial Valuation of POLIF.
Postal Life Insurance Policies: The policies on which a simple Reversionary Bonus is declared upon becoming claims due to death or maturity.
Whole Life Assurance WLA: A type of insurance policy with a specific bonus rate declared in the notification.
Endowment Assurance EA: A type of insurance policy, including Joint life Children policies, with a specific bonus rate declared.
Anticipated Endowment Assurance AEA: A type of insurance policy with a specific bonus rate declared in the notification.
Ministry of Communications, Department of Posts: The governing ministry and department responsible for Postal Life Insurance.
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EXTRAORDINARY
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PART I—Section I
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PUBLISHED BY AUTHORITY
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No. 306] NEW DELHI, TUESDAY, NOVEMBER 21, 2017/KARTIKA 30, 1939
ससससचचंंचचंं ाााारररर मममम(cid:3)(cid:3)ंं(cid:3)(cid:3)ंं ााााललललयययय
((((डडडडााााकककक ििििववववभभभभाााागगगग))))
((((डडडडााााकककक जजजजीीीीववववनननन बबबबीीीीममममाााा ििििननननददददशशेेशशेे ााााललललयययय))))
अअअअििििधधधधससससचचूूचचूू ननननाााा
नई (cid:1)द(cid:3)ली, 20 नव(cid:8)बर, 2017
फफफफाााा.... सससस..ंं..ंं 00004444----00004444////2222000011117777----एएएएललललआआआआईईईई....————----डाकघर जीवन बीमा िनयमावली 2011 के िनयम 3 म(cid:12) (cid:13)द(cid:14) शि(cid:17)य(cid:19) का (cid:13)योग
करत े (cid:22)ए तथा डाकघर जीवन बीमा िनिध क(cid:25) प(cid:27)रसंपि(cid:14)य(cid:19) व दये ता! के बीमाकं क मू(cid:3)यन (पीओएलआईएफ) के 31-03-
2016 के आधार पर, महािनदशे क(डाक), डाक जीवन बीमा पॉिलिसय(cid:19) के म%ृ यु अथवा प(cid:27)रप’ता के कारण उनके दावे बनने
पर िन(िलिखत दर(cid:19) पर साधारण (cid:13)%यावत*नीय बोनस क(cid:25) घोषणा करत ेह , :—
बबबबीीीीममममाााा पपपपॉॉॉॉििििललललससससीीीी ककककाााा (cid:6)(cid:6)(cid:6)(cid:6)ककककाााारररर बबबबोोोोननननसससस कककक(cid:11)(cid:11)(cid:11)(cid:11) ददददरररर
i. आजीवन बीमा(ड.(cid:3)यूएलए) 0. 85/- (cid:13)ित एक हजार 0पए क(cid:25) बीिमत रािश के िलए
ii. साविध बीमा(ईए) 0. 58/- (cid:13)ित एक हजार 0पए क(cid:25) बीिमत रािश के िलए
(बाल पािलसी एव ं युगल सुर4ा
पािलिसय(cid:19) सिहत)
iii. (cid:13)%यािशत साविध बीमा(एईए) 0. 53/- (cid:13)ित एक हजार 0पए क(cid:25) बीिमत रािश के िलए
iv. प(cid:27)रवतन* ीय आजीवन बीमा आजीवन बीमा बोनस क(cid:25) दर(cid:12) लाग ू ह(cid:19)गी 7कंतु प(cid:27)रवत*न के प8ात साविध
बीमा क(cid:25) बोनस क(cid:25) दर(cid:12) लाग ूह(cid:19)गी।
v. अंितम बोनस 20 वष* और उसस े अिधक अविध क(cid:25) आजीवन बीमा पािलिसय(cid:19) तथा
साविध बीमा पािलिसय(cid:19) पर 0. 20/- (cid:13)ित दस हजार 0. बीिमत रािश क(cid:25) दर
स]े अिधकतम 0. 1000/-(cid:13)ित पािलसी।
6826 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
2. वष* 2015-2016 के िलए बोनस क(cid:25) दर(cid:12) इस अिधसूचना के सक*ल(cid:19) म(cid:12) (cid:13)ाC होन े क(cid:25) तारीख स े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:25) (cid:13)ािC क(cid:25) तारीख तक (cid:13)ाC हो चकु े थे पर िनपटाए नहD गए थ।े
3. उि(cid:3)लिखत अंत(cid:27)रम बोनस क(cid:25) दर(cid:12) भिवFय का मू(cid:3)यन परू ा होने तक प(cid:27)रप’ता अथवा म%ृ य ु के कारण (cid:1)कए जान े वाल े
सभी दाव(cid:19) के िलए भी दये ह(cid:19)गी।
4. बोनस म (cid:12) स(cid:8)मिलत 50 पसै े या उसस े अिधक के अंश को अगल े 0पए म (cid:12) पणू ाH(cid:1)कत (cid:1)कया जाए तथा 50 पैस े स े कम के
अंश क(cid:25) गणना न क(cid:25) जाए।
िवIपवन पती, मJु य महा(cid:13)बKधक (डाजीबी)
MINISTRY OF COMMUNICATIONS
(Department of Posts)
(DIRECTORATE OF POSTAL LIFE INSURANCE)
NOTIFICATION
New Delhi, the 20th November, 2017
F.No. 04-04/2017-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 Post Office Life Insurance Fund (POLIF)
as on 31.03.2016, the Director General (Posts) 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 Bonus
i. Whole Life Assurance (WLA) Rs. 85/- per thousand of sum assured
ii. Endowment Assurance (EA) Rs. 58/- per thousand of sum assured
(including Joint life & Children policies)
iii. Anticipated Endowment Assurance (AEA) Rs. 53/- 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 1000 for Whole life assurance and
Endowment assurance policies with term of 20 years
or more.
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)
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.