PLI Bonus Rate 2023
Department of Posts issued Notification on PLI Bonus Rate for the Year 2023-24 with following Rates
Here Below the PLI Bonus rate (Postal Life Insurance) for the year 2023-24 which will be applicable from 01.04.2023.
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PLI Bonus Rate 2023
| Type of Insurance Policy | Rate of Bonus |
|---|---|
| Whole Life Assurance (WLA) | Rs. 76/- Per thousand of Sum assured. |
| Endowment Assurance (EA) (Including joint life & Children Policy) | 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 10000/- subject to maximum of Rs 1000/- for Whole Life Assurance and Endowment Assurance policies with term of 20 years or more. |