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Postal Life Insurance Bonuses and Bonus Rates

Postal Life Insurance is one of the oldest insurers in India and provides various welfare schemes to people working for financial, government and non-financial institutes. You can visit the official website of PLI to check the bonuses and bonus rate for each scheme.
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The Postal Life insurance service was started in 1884 for the government employees and now provides insurance solutions for defence personnel and semi government employees as well. These policies offer the policyholder not only a lump sum upon the policy reaching maturity to secure their financial future post retirement but also offers death benefits to the nominee or beneficiary in the case of demise of the policyholder thus securing the family’s financial future as well

The Postal Life Insurance offers not only assured sums but also bonuses. These bonuses will accrue and be paid out either at maturity or to the beneficiary upon the demise of the policyholder.

There are a few rules when it comes to bonuses. For those plans that provide lump sum pay-outs on maturity or death, the bonuses accrued will be paid out given the policyholder does not take up a loan before the completion of 5 policy years. Loan facilities are applicable on policies upon the completion of 3 policy years and if any loans are taken out during this period, the policy is void of all bonuses and if loans are taken out after the completion of 5 years, bonuses are reduced accordingly

Postal Life Insurance offers the following policies for central government and semi government employees which are Whole Life Assurance (WLA), Convertible Whole Life Assurance (CWA), Endowment Assurance (EA), Anticipated Endowment Assurance (AEA) and Joint Life Assurance or Yugal Suraksha (YS). All the above policies offer bonuses

Below are the bonus rates for each Postal Life Insurance Policy:

  1. WLA Rates: Bonuses for WLA policy have been declared since the financial year of 1967 and has seen a steady improvement over the years which is testament to the quality and reliability of the policy. The WLA bonus rates started off at a mere 28 in the fiscal year ending March 1968 and since then has shown a steady increase year on year. Major jumps came in the fiscal year ending March 1978 when the bonus rate touched 40 and then again in March 1989 when the bonus rate was 80. The bonus rates for the WLA policy was hovering around the 95 mark from the years 1995 to 2002 and fell back down to 90 in 2006 and further down to 85 in 2010 and as of March 2012, the bonus rate for WLA stood at 85
  2. CWA Rates: These rates have also been published since March of 1968. The Bonus rate then stood at 28 and has seen a steady rise since then. Its peak fluctuations came in 1978 when the bonus rate touched 40 and again in 1986 when the bonus rate touched 67. It touched its highest in 1998 when the bonus rate reached 96 and from then it has dropped a slight amount to 85 in 2010 and has stayed at that rate since. As of 2012 the bonus rate for CWA policy was 85
  3. EA Rates: These rates have also been published since March 1968. Though the bonus rate may not stand as high as the WLA or CWA, it has shown a steady improvement since 1968. In 1968, the EA bonus rate stood at 22. Bonus rates reached the 70’s in 1991 and saw rates touch 77 in 2002. The rates however started declining since then and as of 2012 the rates stood at 58
  4. AEA Rates: The AEA bonus rates have been published by PLI since 1968 and has seen a steady climb over the years. The bonus rate reached its all-time high of 77 in 1999. Since then however, the rates have dropped and as of 2012 the bonus rates for AEA stood at 53
  5. YS Rates: The YS Rates have been published by PLI only since 1995 and is a much younger policy as compared to the others. The bonus rate stood at 76 in 1995 and has more or less hovered around this mark. 1999 to 2002 saw the bonus rates reach its highest of 77 but has dropped since then. As of 2012 the bonus rates for YS stood at 58.

Read More about Postal Life Insurance

Postal Life Insurance for Central Government Employees
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Postal Life Insurance Tax Rebate
Rural Postal Life Insurance

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

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Life Insurance Reviews

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  • LIC Life Insurance
    "Medium"
    0.5 3.0/5 "Satisfactory"
    I have taken a life insurance in LIC on 21 years before. The policy is for 31 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details. I use to do payment by providing cheque directly to office.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 20, 2019
  • LIC
    LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have Jeevan Anand life Insurance policy which i have taken through LIC agent directly .This is for the tenure of 21years policy and the premium is paid half yearly basis .I am paying the premium through the agent ,i have got all the information about the policy through the agent .I have got the policy documents also on time .
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Very Good life cover policy"
    0.5 4.0/5 "Great!"
    Yearly I pay Rs.3240 for jeevan anand plan it has the term of 30 years then I get sum assured with interest its good for life cover upto 60 years, the agents are very professional interms of resolving the queries. The nominees get the life cover in certain demise.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Its Average"
    0.5 4.0/5 "Great!"
    For my money back plan with LIC, I used to pay Rs. 2550 it has duration of 25 years, every five years I get the bonus amount of Rs. 7500 it has coverage of tax saving and life cover. The payment option is very easy and I am getting the confirmation through sms and mail. Even I am getting reminder alerts.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Waste of money"
    0.5 4.0/5 "Great!"
    In the LIC branch, i do get a nice customer care support and i never tried for any support. Its because of the hierarchy and family suggestion , i have chosen the life insurance policy from LIC. I have chosen the plan of money back policy. I have been paying the premium amount of Rs. 2000 yearly.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC before 5 years ago. The policy is for 12 years. I am paying premium in the yearly package. While getting a policy an agent has not given a proper information about the policy details. I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance plan from last 8 years with LIFE INSURANCE CORPORATION OF INDIA. I have been using the Money back policy it has the maturity period is for 18 years, premium paying was monthly once for the insurance policy. The service is good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC before 3 years ago. The policy is for 14 years and it has been matured for 23 years. I am paying premium in the yearly package. While getting a policy my agent has given an information about the policy details and they are good in follow up .I use to do payments through an online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the life insurance policy with LIFE INSURANCE CORPORATION OF INDIA but i am not aware of the name of the policy and it ah the maturity period of 10 years. The customer support is good also the it gives the coverage is for family. I am using from last 2008.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken one policy with LIC which was guided by my friend. I used to do annual payment of 6500 rupees through online. Its been 2 years. The tenure period is 15 years. I get the receipts on time through my mail. They have send me the insurance paper through post.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jul 20, 2019
  • Reliance Life Life Insurance
    "Need a lot of transparency"
    0.5 1.5/5 "Bad"
    I had money back policy with Reliance and the tenure period was 5 years. I paid that and agent told me that I will be benefited from 6th year but when I approached the office. It was totally miscommunication and the locking period was 23 years. I made online payment.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using money back policy with the LIFE INSURANCE CORPORATION OF INDIA where the maturity period of the policy is for 20 years added on that the premium paying for 6 months once. I am getting money back for 4 years once with the policy. I am using from last few years.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 20, 2019
  • SBI Life Life Insurance
    "Average"
    0.5 4.0/5 "Great!"
    I got a life insurance along with SBI home loan. They have been charging 1600rupees monthly. The duration is 20 years. It covers death and everything. There is no customer experience. I have enabled auto debit option so its easy. The policy coverage is 20L. SBI LIFE has sent me the insurance copy on time.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I am using the Insurance policy since from last 3 years with LIFE INSURANCE CORPORATION OF INDIA. The policy maturity is for 15 years, premium paying was 3 months once. It gives the good returns with the policy. The customer support is good.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 20, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have used for 12 years, i have used the MONEY BACK i have received the amount for 4 years once. The maturity period is for 12 years and it gives the policy coverage is for self. The sum assured given with the policy was good. The customer support is good.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 19, 2019
  • LIC Life Insurance
    "Life secure policy"
    0.5 3.5/5 "Pretty good"
    Since its long time term policy. If anything happens the policy covers for life and family will get secured. Last 6 years before, I took this policy. LIC is a government company and they are trustable hence I have purchased the policy with them. I have been paying the premium amount of Rs. 26026 for every six months. Iâ??m satisfied with the sum assured amount.
    Was this review helpful? 0
    , chennai
    Reviewed on Jul 19, 2019
  • HDFC Life Life Insurance
    "Good for family protection"
    0.5 5.0/5 "Blown Away!"
    I have term plan with HDFC life, I have chosen the sum assured of Rs. 75 lakhs it has the duration of 50 years, life cover is upto 75 years. I make the premium around Rs. 800 per month, it has tax cover, critical illness, waiver on premium at disability. Cancer and Heart attack cover is also there.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    The reason for getting the policy is because it has provided with the good service. I am using the plan from last more than 20 years. The maturity period is for 30 years and the coverage is for self. The premium paying for yearly once as 12K with the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • DHFL Pramerica Life Insurance
    "AVERAGE"
    0.5 3.0/5 "Satisfactory"
    I have got the policy along with the home loan taken the DHFL. The maturity period is for 15 years where 10 years i have to pay for yearly once of 25K. It is a TERM PLAN, the documentation process was done and i have received the hard copy too of the policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jul 19, 2019
  • LIC Life Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I am holding the JEEVAN ANAND plan with LIC where i am using from last 11 years, the reason for taking the policy is it is good. The maturity period of the policy is for 25 years, the premium paying for monthly once. The coverage is for self with the policy.
    Was this review helpful? 0
    , pune
    Reviewed on Jul 18, 2019
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