1000+ Self Made Questions and Answers have been prepared and posted so for in this site to motivate Postal LDC Exams Aspirants in the form of Quizzes(800+ Questions)/MCQs(200+ Questions)/Matches(400+ Questions)/Can be find in TAG Section.

Header Ads

01/ 02
India Post
02 / 02
India Post

  • Latest Posts

    PLI bonus rate 2023-24 | PLI (Postal Life Insurance) Bonus Rate for the Fy 2023-2024 | Download PLI Bonus Rate in PDF 2023

    Department of Post (DOP) declared PLI (Postal Life Insurance) bonus rate for the financial year (Fy) 2023-24 through gazette notification on 04th January 2023.

    MINISTRY OF COMMUNICATIONS

    (Department of Posts)

    (DIRECTORATE OF POSTAL LIFE INSURANCE)

    NOTIFICATION

    New Delhi, the 4th January, 2023

    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 liabilities of Post Office Life Insurance Fund (POLIF) as on 31.03.2022, the Director General Postal Services is pleased to declare a simple Reversionary Bonus on the Postal Life Insurance (PLI Bonus for the year 2023-2024) Policies on their becoming claims, due to death or maturity at the following rates:-

    PLI Bonus Rates for 2023-2024:

    Type of PLI Insurance Policy

    Rate of PLI Bonus for the year 2023-24

    Whole Life Assurance (WLA)

    Rs. 76/- per thousand of sum assured

    Endowment Assurance (EA) (including Joint life & Children Policies)

    Rs. 52/- per thousand of sum assured

    Anticipated Endowment Assurance (AEA)

    Rs. 48/- per thousand of sum assured

    Convertible Whole Life Assurance (CWLA)

    Whole Life bonus rate would be applicable, but on conversion, Endowment Assurance bonus rate will be applicable

    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 2023-24 will be applicable from 01.04.2023.

    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.



    Like and Share

    Click here to Join Telegram Channel

    No comments

    It's all about friendly conversation here at postalstudy. I'd love to hear your thoughts!
    Be sure to check back again because I do make every effort to reply to your comments here.