| Latest Introduction >> Upward Revision in Bonus on Long Term Policies |
| We are happy to share that once again the bonus on long term policies has been increased. Main highlights of valuation as at 31st March, 2000 are reproduced below :- |
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| Bonus Rates |
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- The rates of Simple Reversionary Bonus declared in respect of participating policies (excluding those on U.K., Fiji and Mauritius Registers) are as under :-
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| In respect of policies issued by the Corporation and those issued by erstwhile insurer after 19.01.1956 : |
|
| Year of Commencement of policy |
Reversionary Bonus Rate per thousand Sum Assured |
| Whole Life Type |
Endowment type of policies excluding |
J.Mitra /J.Sathi / Ltd. Endowment |
Money Back & Anti. Endt. |
Jeevan Surabhi |
| Policy Term |
Policy Term |
Policy Term |
Policy Term |
| 10 & Less |
11 to 15 |
16 to 20 |
21 & above |
15 to less |
16 to 20 |
21 & above |
12 & 15 |
20 |
25 |
15 |
20 |
25 |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
13 |
14 |
15 |
| On & after 1.4.1979 |
95 |
56 |
65 |
71 |
78 |
67 |
73 |
80 |
53 |
65 |
72 |
56 |
68 |
80 |
| Before 1.4.1979 but after 31.3.1974 |
102 |
- |
- |
- |
85 |
- |
- |
87 |
- |
- |
72 |
- |
- |
- |
| On and before 31.3.1974 |
106 |
- |
- |
- |
89 |
- |
- |
91 |
- |
- |
- |
- |
- |
- |
|
|
- The following plans participate in profits as under :-
|
|
| Plans |
Participate from |
| CDA Policy (Plan 41 & 50) |
The deferred date |
| CDA Policy (Plan 80 & 81) |
The deferred date |
| New CDA Policy (Plan 92) |
The date of commencement of the risk |
| Jeevan Balya Policy (Plan 101) |
The vested date |
| Convertible Whole life Policy (Plan 27) |
The date of conversion if the policy is converted into with profit plan |
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- Final (Additional) BONUS
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- All with Profit Assurance excluding Anticipated Endowment and Money Back Policies:
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| The Final (Additional ) Bonus on maturity is payable in case of this class of assurance for terms 15 years and above. In the case of claims by death, the Final (Additional ) Bonus is payable if premiums have been paid for 15 years or more. In the case of policies with mode of payment of premiums other than yearly, unpaid premium if any, falling due before the policy anniversary are deducted from the claim amount and hence they should be treated to have been received for this purpose. The rates of Final (Additional ) Bonus are as follows: |
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| Terms in respect of maturities / number of years premiums paid in respect of claims by death |
Amount of Final (Additional) Bonus Per Rs. 1000/- sum assured for policies with sum assured |
| |
Up to 25,000 |
25,001 to 50,000 |
50,001 to 1,99,999 |
2,00,000 to 4,99,999 |
5,00,000 and above |
| 15 |
25 |
25 |
60 |
80 |
80 |
| 16 |
35 |
35 |
70 |
100 |
110 |
| 17 |
40 |
50 |
90 |
120 |
140 |
| 18 |
55 |
70 |
110 |
150 |
170 |
| 19 |
75 |
85 |
130 |
180 |
200 |
| 20 |
85 |
100 |
150 |
210 |
240 |
| 21 |
95 |
110 |
170 |
240 |
280 |
| 22 |
105 |
120 |
190 |
270 |
320 |
| 23 |
115 |
130 |
210 |
300 |
360 |
| 24 |
125 |
140 |
230 |
330 |
410 |
| 25 |
140 |
180 |
260 |
370 |
460 |
| 26 |
155 |
180 |
290 |
410 |
510 |
| 27 |
170 |
200 |
320 |
450 |
560 |
| 28 |
185 |
220 |
350 |
490 |
610 |
| 29 |
200 |
240 |
380 |
530 |
660 |
| 30 |
215 |
260 |
410 |
570 |
710 |
| 31 |
230 |
280 |
440 |
620 |
760 |
| 32 |
245 |
300 |
470 |
670 |
810 |
| 33 |
260 |
320 |
510 |
720 |
860 |
| 34 |
275 |
340 |
550 |
770 |
910 |
| 35 |
295 |
365 |
590 |
820 |
960 |
| 36 |
315 |
390 |
630 |
870 |
1010 |
| 37 |
335 |
415 |
670 |
920 |
1070 |
| 38 |
355 |
440 |
710 |
980 |
1130 |
| 39 |
375 |
465 |
750 |
1040 |
1190 |
| 40 & above |
400 |
500 |
800 |
1100 |
1250 |
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| In the case of death claims under Single Premium / Fully Paid-up limited payment policies the number of years in the first column would mean the number of policy years elapsed inclusive of the policy year in which the death takes place. |
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- Anticipated Endowment & Money Back plans
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| The Final (Additional) Bonus in respect of Anticipated Endowment and Money Back Policies is payable at the following rates :- |
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| Maturity |
Rate per 1000 Sum Assured |
| For 12 & 15 year term |
Nil |
| For 20 year term |
RS 25/- |
| For 25 year term |
RS 40/- |
| Death |
Nil |
|
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- No Final (Additional ) bonus has been declared in respect of annuity policies
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- Loyalty Additions
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| Loyalty Additions are declared to Jeevan Shree Plan with policy term 5 at the rate of RS 50 per thousand Sum Assured to policies which will mature during the period starting from the date of declaration of results of the current valuation and ending 9 months from the date of next valuation. However, no Loyalty additions besides death claim (basic sum assured and the guaranteed additions) are declared to policies resulting into death claims under Jeevan Shree, Jeevan Sanchay and Jeevan Sneha plans. |
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