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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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Promised Interest Rate

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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
Postal Life Insurance for the Physically Handicapped
Postal Life Insurance Interest Rate on Loan
Postal Life Insurance Tax Rebate
Rural Postal Life Insurance

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

Life Insurance Reviews

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  • Kotak Life Life Insurance
    "Excellent"
    0.5 4.5/5 "Excellent!"
    I am a employee of Kotak Life and have taken one policy for saving also company has provided me a policy. It is a long term policies. The tenure period is 15 years. I pay the premium of 18K yearly through online or sometimes cash. The online app is good and the transactions are done immediately.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 23, 2019
  • Birla Sun Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have applied my life insurance with birla life, there agent was good, they have explained me clearly about the policy benefit, and there coverage, and the premium amount they have charged me was nominal, it was on yearly basis , and i use to pay premium through on line.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 23, 2019
  • HDFC Life Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been holding my life insurance with HDFC LIFE from long time, and I itself have applied for this insurance is i have knowledge regarding this,and there premium amount they have given me was nominal ,i use to pay up to 3500 as an premium on yearly basis,and there is no hidden charged , and i pay premium through on line.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jan 23, 2019
  • ICICI Prudential Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been holding my life insurance with ICICI prudential ,i took this insurance long bank , and i was agent and previously i was Ex -employee for them ,so i have knowledge about the insurance which insurance will be best ,and i pay premium on yearly basis, i use to pay through on line mode.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good "
    0.5 4.5/5 "Excellent!"
    I have one LIC policy and its a term plan which was taken in the year of 2000 through an agent. I am happy with the service and the benefits are good. Am paying the premium of 25K per year through online. The sum assured value is 5L and I need to pay the premium till 2020.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Not satisfied"
    0.5 3.0/5 "Satisfactory"
    I am having LIC policies and am using the service for more than 10 years. I only visit the branch and never contact the customer care center. I think its a money back policy and need to pay only once. I have paid the premium of 45K for 3 years through cheque. The benefits are below average.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My life is insured with LIC from last 12 years and it is a money back policy. I get money back after every 5 years in this policy. I pay my premium once in 6 months and i am convenient with the payment options. Tenure period for this policy is after 30 years.
    Was this review helpful? 0
    , surat
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have a life insurance policy with LIC from last 15 years and it is a long term policy. My premium amount is auto debited from the salary account for this policy. I am happy with the returns and benefits of this policy. This policy will get matured at 2028.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a life insurance policy with LIC from last 8 years and it is a money back policy. I get money back after every 5 years and this policy is for 20 years. I pay my premium on annual basis through online and i get good returns after maturity period.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 3.5/5 "Pretty good"
    I have taken Jeevan bheema from Lic as its been Government institution , so the assurance is there regarding the policy benefits , I used to get income tax benefits I make the payments through auto debit option overall am pretty much satisfied with the service and response. .
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 3.5/5 "Pretty good"
    I took this Life insurance Money back policy from Lic insurance company mainly because of the good returns, its long tenure period of 20 years , the payment can be done through only payments Quarterly . The best about the policy is claim rate is high compared to other policy available in the market. There customer service and customer response is good .
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 3.5/5 "Pretty good"
    I took life insurance jeevan saral policy from life corporation of India . I already paid for few years . As the policy coverage of good sum assures amount , which was my first policy at my initial stage . It has good benefits like accidental coverage and critical illness coverage . The tenure period is 25 years . Overall am satisfied with my policy
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 3.5/5 "Pretty good"
    I took this life insurance jeevan anand policy from Lic insurance company mainly because of the good returns. The tenure period is 20 where i already made the payment for first 2 yeairs . Am doing my payment yearly through online banking this policy covers accidental benefits and critical illness .
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 23, 2019
  • LIC Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my life insurance with Life insurance corporation of India, there service is good, the agent had explain me about the policy coverage,and about plan benefits clearly, and the premium amount they have charged me on yearly basis, and they have charged me up to 3000 it is nominal , and premium amount i use to pay through on line.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 22, 2019
  • Birla Sun Life Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    I have been using my life insurance with Aditya birla , there service is they provide me was excellent, till now i have not face any issue in that, there premium amount they have charged me in monthly basis,they have charged me up to 6200, and it is nominal to me , the agent had explain me about the policy coverage and plan benefit properly,i use to pay on on line mode. overall service is good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 22, 2019
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I have purchased my money back policy long bank and twice i have received the cash in my account without giving any request and I'm quite happy about the received sum assured amount. I pay the premium amount of Rs. 600 every month. I make the premium through online.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2019
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    Bought my life insurance policy from LIC. I have chosen the plan called Jeevan Anand. This is the tax benefits policy. I pay the premium amount of Rs. 1000 every month with the tenure period of 2.5 lakhs. This is a 15 years tenure period policy.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 22, 2019
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I have bought the life insurance policy in the year of 2011. My agent has suggested me about this policy. I have been paying the premium amount of Rs.10300 through ECS. I have chosen the mode of annually. Overall, I'm satisfied with the LIC policy.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jan 22, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Purchased my money back from LIC. I have selected the LIC company for my policy its because of the better option. They are providing various payment mode facilities. I'm satisfied with the sum assured amount and LIC customer care service is really fine.
    Was this review helpful? 0
    , indore
    Reviewed on Jan 22, 2019
  • Kotak Life Life Insurance
    "Good Insurance Policy"
    0.5 4.0/5 "Great!"
    I have purchased a accidental covered policy from Kotak Mahindra bank. Kotak gives more online services and the app is really good. I have got this policy 5 months back. I made a premium amount of Rs. 1200 and this policy covers only for me. I have not claimed anything in this policy so far.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 22, 2019
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