Postal Life Insurance –Incentive Structure भारतीय डाक

India Post

RATE OF INCENTIVE STRUCTURE

For first Year Incentive (i.e, for first 12 Months)
FOR EA, WLA,CWLA,YS AND CHILDREAN POLICY

POLICY PAYING TERM INCENTIVE STRUCTURE

Up to and equal to 15 years 4 % of first year premium

10 % of first year premium
More than 15 years but less than or equal to 25 years
20 % of first year premium
More than 25 years

FOR AEA (MONEY BACK) POLICY

POLICY PAYING TERM INCENTIVE STRUCTURE

less than or equal to 15 years 5 % of first year premium

7 % of first year premium
More than 25 years

* Incentive payable for regular policy. 1

Postal Life Insurance –Incentive Structure भारतीय डाक
India Post

RATE OF INCENTIVE STRUCTURE

For Renewal Year Incentive (i.e, after 12 Months)

•Premium received from 13th month Onwards in a PLI policy is renewal Premium. The
Incentive payable on renewal premium will be renewal Incentive.

•Incentive @ 1% on Premium received from 13 th month Onwards is payable .

* Incentive payable for regular policy. 2

Postal Life Insurance - Incentive भारतीय डाक
India Post

Sum Assured Rs. 10,00,000/-

Maturity Monthly Annual
Age at Entry
Age Premium Premium
29 55 2,950 35,400

Incentive Income
Premium Incentive
Year % of Incentive
Deposited Amount
1st Year 35,400/- 20% 7,080/-
Rest of every
year
35,400/- 1% 354/-
Total Incentive of 26 Years = 15,930/-
* Policy Term more than 25 year

* Incentive payable for regular policy. 3

Strategy - PLI भारतीय डाक
India Post

Monthly Average 1 Policy procured in 3 Days,

Sum Assured Age at Entry Maturity Age 10 Policies in a Month,
Premium
Rs. 10,00,000/- 120 Policies in a Year
29 55 2,950
Average
No. of Yearly Next Year
Monthly No. of 1st Year Total Renewal
Month Proposa Premium No. of
Premium to Deposit Incentive Premium to Incentive
& Year l in a to be Deposit to
be collected in a Year (20%) be Deposit (1%)
month collect be done
Per Month
Apr-20 10 29,500 12 3,54,000 70,800 120 3,54,000 3,540
May-20 10 29,500 11 3,24,500 64,900 120 3,54,000 3,540
Jun-20 10 29,500 10 2,95,000 59,000 120 3,54,000 3,540
Jul-20 10 29,500 9 2,65,500 53,100 120 3,54,000 3,540
Aug-20 10 29,500 8 2,36,000 47,200 120 3,54,000 3,540
Sep-20 10 29,500 7 2,06,500 41,300 120 3,54,000 3,540
Oct-20 10 29,500 6 1,77,000 35,400 120 3,54,000 3,540
Nov-20 10 29,500 5 1,47,500 29,500 120 3,54,000 3,540
Dec-20 10 29,500 4 1,18,000 23,600 120 3,54,000 3,540
Jan-21 10 29,500 3 88,500 17,700 120 3,54,000 3,540
Feb-21 10 29,500 2 59,000 11,800 120 3,54,000 3,540
Mar-21 10 29,500 1 29,500 5,900 120 3,54,000 3540
Total 120 23,01,000 4,60,200 1440 42,48,000 42,480
Total Incentive (26 Yr.) 15,22,200
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Rural Postal Life Insurance –Incentive Structure भारतीय डाक
India Post

RATE OF INCENTIVE STRUCTURE

For first Year Incentive (i.e, for first 12 Months)
FOR REA, RWLA, RCWA, RAEA AND RURAL CHILDREAN POLICY
•Premium received from first 12 month in a RPLI policy is renewal Premium. The
Incentive payable on First Year premium will be First Year Incentive.
•Incentive @ 10% on Premium received for first 12 month is payable .

For Renewal Year Incentive (i.e, after 12 Months)

•Premium received from 13th month Onwards in a RPLI policy is renewal Premium. The
Incentive payable on renewal premium will be renewal Incentive.
•Incentive @ 2.5% on Premium received from 13 th month Onwards is payable .

* Incentive payable for regular policy. 5

Rural Postal Life Insurance - Incentive भारतीय डाक
India Post

Sum Assured Rs. 10,00,000/-

Maturity Monthly Annual
Age at Entry
Age Premium Premium
29 55 2,950 35,400

Incentive Income
Premium Incentive
Year % of Incentive
Deposited Amount
1st Year 35,400/- 10% 3,540/-
Rest of every
year
35,400/- 2.5% 885/-
Total Incentive of 26 Years = 25,665/-
* Policy Term more than 25 year

* Incentive payable for regular policy. 6

Strategy - RPLI भारतीय डाक
India Post

Monthly Average 1 Policy procured in 3 Days,

Sum Assured Age at Entry Maturity Age 10 Policies in a Month,
Premium
Rs. 10,00,000/- 120 Policies in a Year
29 55 2,950
Average
No. of Yearly Next Year
Monthly No. of 1st Year Total Renewal
Month Proposa Premium No. of
Premium to Deposit Incentive Premium to Incentive
& Year l in a to be Deposit to
be collected in a Year (10%) be Deposit (2.5%)
month collect be done
Per Month
Apr-20 10 29,500 12 3,54,000 35,400 120 3,54,000 8,850
May-20 10 29,500 11 3,24,500 32,450 120 3,54,000 8,850
Jun-20 10 29,500 10 2,95,000 29,500 120 3,54,000 8,850
Jul-20 10 29,500 9 2,65,500 26,550 120 3,54,000 8,850
Aug-20 10 29,500 8 2,36,000 23,600 120 3,54,000 8,850
Sep-20 10 29,500 7 2,06,500 20,650 120 3,54,000 8,850
Oct-20 10 29,500 6 1,77,000 17,700 120 3,54,000 8,850
Nov-20 10 29,500 5 1,47,500 14,750 120 3,54,000 8,850
Dec-20 10 29,500 4 1,18,000 11,800 120 3,54,000 8,850
Jan-21 10 29,500 3 88,500 8,850 120 3,54,000 8,850
Feb-21 10 29,500 2 59,000 5,900 120 3,54,000 8,850
Mar-21 10 29,500 1 29,500 2,950 120 3,54,000 8,850
Total 120 23,01,000 2,30,100 1440 42,48,000 1,06,200
Total Incentive (26 Yr.) 31,15,200
7