THE GAZETTE OF INDIA : EXTRAORDINARY [PART I—SEC. 1]
MINISTRY OF COMMUNICATION AND INFORMATION TECHNOLOGY
(Department of Posts)
(DIRECTORATE OF POSTAL LIFE INSURANCE)
New Delhi, the 19th July, 2016
F. No. 5-1/2015-LI.— In exercise of powers conferred vide Rule 3 of Rural 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 31.03.2015, 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 :
2. The rates of Bonus for the year 2014-2015 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 Additional Secretary, Government of India)