Kathmandu: Jyoti Life Insurance Company has announced a new bonus rate of the fiscal year 2076/2077. The actuarial report prepared by the insurer on the audit and liability assessment of the company for the FY 2076/2077 has been approved by the Insurance Board. The new bonus rate ranges from Rs. 43 to Rs. 75.
Endowment Plan:
The company has set a minimum bonus rate of Rs. 43 to Rs 75 for endowment plan. The company has fixed a bonus rate of Rs. 43 for a term of 9 years, Rs. 45 for a period of 10 to 14 years, Rs. 50 for a period of 15 to 19 years, Rs. 55 for a period of 20 to 24 years and Rs 75 for a period of 25 years or more.
The company has sold 18,736 insurance policies for a period of 15 to 19 years. These policy will receive a bonus of Rs. 50 per thousand.
Endowment and whole life plan:
The company has also set a minimum bonus rate of Rs. 43 to Rs. 75 for endowment and whole life plans. The company will pay Rs. 43 for a term of up to 9 years, Rs. 45 for a period of 10 to 14 years, Rs. 50 for a period of 15 to 19 years, Rs. 55 for a period of 20 to 24 years and Rs. 75 for a term of 25 years and above for term and life insurance. The company has sold 4,283 insurance policies for a period of 15 to 19 years. During this period, the insured will receive a bonus of Rs. 50 per thousand.
Moneyback endowment:
The company has set a bonus rate of Rs. 43 to Rs 50 for money back plan. The company has fixed a bonus rate of Rs 43 for 10 to 14 years, Rs 45 for 15 to 19 years and Rs 50 for 20 to 24 years.
In this insurance policy, the company has sold the most insurance policies for 20 to 24 years. During this period, the insured will get a bonus of Rs.50.
