Declaration of bonus on PLI policies for the year 2010-11
Whole Life Assurance (WLA)
Rs.85 per thousand sum assured
Endowment Assurance (EA)
Rs.60 per thousand sum assured
Money Back Policies (AEA)
Rs.55 per thousand sum assured
Convertible Whole Life Policies
Whole Life Bonus would be applicable but on conversion, Endowment Bonus rate will be applicable
Rs.20 per sum assured of Rs.10,000 subject to maximum of Rs.1,000 for whole life policies and Endowment policies with term of 20 years and above.
The rate of Bonus for the year 2010-11 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.
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.