Kathmandu: Gurans Life Insurance Company has announced the bonus rate of the FY 2075/76. The declared bonus rate ranges from minimum Rs. 23 to maximum Rs. 81 per thousand.
Endowment Plan:
The company has set a minimum bonus rate of Rs 42 to Rs 77 for endowment policies.The bonus rate is Rs. 42 per thousand for a period of 14 years and Rs. 47 for 15 to 19 years.Similarly Rs. 52 per thousand for 20 to 24 years and Rs 77 per thousand for 25 years or above under same policy. The company has sold 16,630 insurance policies for a period of 15 to 19 years.
Child Plan:
The company has set a minimum bonus rate of Rs. 42 and maximum Rs. 77 for child plan. The bonus rate has been fixed at Rs 42 per thousand for a period of 14 years, and Rs. 47 per thousand for a period of 15 to 19 years.Similarly, Rs. 52 per thousand for a period of 20 to 24 years and up to Rs. 77 per thousand for a period of 25 years or above.The company has sold 14,472 child policies for a period of 15 to 19 years.
Endowment and Wholelife Plan:
For the endowment and whole life plan,the company has also set a minimum bonus rate of Rs. 46 to maximum Rs. 81. The company has fixed a bonus rate of Rs 46 per thousand for a period of 14 years, Rs. 51 per thousand for a period of 15 to 19 years, Rs. 56 per thousand for a period of 20 to 24 years and Rs 81 per thousand for a period of 25 years or above. The company has sold a maximum of 7,170 insurance policies for a period of 15 to 19 years.
Money Back Endowment Plan:
Similarly, for money back endowment plan, the company has set bonus rate of Rs. 41 to 51. The bonus rates are Rs. 41 for a period of 14 years,Rs. 46 for a period of 15 to 19 years, Rs. 51for a period of 20 to 24 years. No option available for buying a policy of 25 years or above. The company has sold 8,607 insurance policies for a period of 15 to 19 years.
Guransh Secured Future Plan:
The company has fixed a bonus rate of Rs. 23 for a period of 14 years. The bonus has been fixed at Rs. 28 for a period of 15 to 19 years and Rs. 34 for a period of 20 to 24 years and Rs. 40 for a period of 25 years or more. The company has sold 420 insurance policies for a period of 15 to 19 years.
Bonus rate is applied on per thousand of sum assured. And the bonus rate is calculated annually.So, it is called bonus rate per thousand per year.
The bonus rate will be valid till a new bonus rate is approved by the regulatory authority Beema Samiti.
