Reversionary Bonus to Policy holders of APGLI by the triennium
Reversionary Bonus to Policy holders of APGLI by the triennium 2022: AP GO.No.110 Released for APGLI Reversionary Bonus [Rs.100/for Rs.1000/ - ] for the triennium to APGLI Policy holders under Valuation of APGLI Fund. APGLI Andhra Pradesh Government Life Insurance Department had pronounced the Simple reversionary reward to the strategy holders of APGLI Department.
A basic reversionary Bonus of Rs. 100/ - per thousand aggregate guaranteed per annum be dispensed for each entire month, during which the strategies were in power between 01.04.2011 to 1.6.2014, in regard of arrangements which were in power on 1.6.2014.
In regard of strategies which become claims by death or development on or after the date of statement of present valuation results and before the following valuation results are announced, interval reward be assigned for each entire month for which such strategy is in power during the period from 02.06.2014 to the date of death or end of the arrangement by and large, at the pace of Rs. 100/ - per thousand total guaranteed per annum. In regard of approaches gave up during the above period, break reward is paid given the arrangement is in power on the following valuation date additionally i.e., interval reward isn't paid for the wrecked time of a valuation triennium.
GO.No.110 – APGLI Reversionary Bonus GO.No.110 subtleties as follows..
Legislature OF ANDHRA PRADESH: Andhra Pradesh Government Life Insurance Department – Valuation of the Andhra Pradesh Government Life Insurance Fund for the period from 1.4.2011 to 1.6.2014 – Declaration of Simple reversionary reward to the approach holders of Andhra Pradesh Government Life Insurance Department – Acceptance of suggestions of the Actuary – Orders – Issued
Money (ADMN. III) DEPARTMENT
G.O.MS.No. 110 Dated: 21-07-2018
Peruse the accompanying:
1. G.O.Ms.No.76, Finance (Admn.II) Department, dt. 4.4.2014.
2. E.file.No.8/Genl/2018, dt: 03.05.2018 got from the Director of APGLI Department.
Request: In the reference 1stread above, orders were given pronouncing the reward for the triennium from 01-04-2008 to 31-03-2011.
In the reference 2ndread over, the Director of Insurance in his letter has proposed for assertion of reward for the triennium from 1.4.2011 to 1.6.2014 dependent on the report of the Actuary.
Subsequent to thinking about the report of the Actuary, and the proposals of the Director of Insurance, on the consequences of Valuation of Andhra Pradesh Government Life Insurance Fund for the period from 1.4.2011 to 1.6.2014, Government therefore grant the Director of Insurance to pronounce the accompanying reward.
a. A straightforward reversionary Bonus of Rs. 100/ - per thousand total guaranteed per annum be dispensed for each entire month, during which the arrangements were in power between 01.04.2011 to 1.6.2014, in regard of strategies which were in power on 1.6.2014. In any case, such of these approaches which came about into guarantee by death or development on or after the revelation of past valuation results (for the triennium 01.04.2008 to 31.03.2011) and before the current valuation results are proclaimed, are not permitted any reward now as they were chosen the premise of break reward at the rates suggested in the past valuation report.
APGLI Reversionary Bonus [Rs.100/for Rs.1000/ - ]:
b. In regard of arrangements which become claims by death or development on or after the date of revelation of present valuation results and before the following valuation results are proclaimed, break reward be assigned for each entire month for which such approach is in power during the period from 02.06.2014 to the date of death or end of the strategy by and large, at the pace of Rs. 100/ - per thousand total guaranteed per annum. In regard of approaches gave up during the above period, between time reward is paid given the arrangement is in power on the following valuation date additionally i.e., break reward isn't paid for the messed up time of a valuation triennium.
1. The above extra rates will be material to the cases emerged on or after the date of issue of this request.
2. The Director of Insurance, A.P., Ibrahimpatnam will make a vital move in the matter appropriately.
APGLI Reversionary Bonus [Rs.100/for Rs.1000/ - ] for the
triennium to APGLI Policy holders – GO.110
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