This bonus was announced for the first time in 2005 Actuarial Valuation. This bonus has been retained in 2007 Valuation. It is payable to Paid-up policies (Whole Life and Endowment) terminating by way of death or maturity in 2008. It is attached on the policies where policies have been on the books for more than 10 years. The rate is Rs.50 per thousand Paid-up Sum Assured for each year in excess of 10years subject to a maximum of Rs. 1000 per thousand Paid-up Sum Assured.
This bonus is also payable to Anticipated Endowment paid-up policies terminating by way of death only in 2008.
Please contact your servicing State Life zonal office for other terms and conditions related to this bonus and the details of total bonuses attached to your policy.
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