Rajasthan Govt. notified regarding the Bonus for the year 2021-22 on State Insurance Policies

Oct 07, 2024 | by TeamLease RegTech Legal Research Team

Free Legal updates for the week 00


Finance & Taxation ComplianceThe Government of Rajasthan on October 01, 2024, notified regarding the Bonus for the year 2021-22 on State Insurance Policies.

The following has been stated:

• Simple Reversionary Bonus of Rs. 85/- per annum for every thousands of the Sum Assured including Additional Sum Assured or Special Addition, for the entire Sum Assured in respect of each Term Assurance Year in force on March 31, 2022 on all Term Assurance contracts accepted on or after April 01, 2021 or on the commencement date, whichever is later and before March 31, 2022.

• Simple Reversionary Bonus of Rs.112.5/- per annum for every thousands of Sum Assured including Additional Sum Assured or Special Addition, for the full Sum Assured in respect of each Term Assurance Year in force on March 31, 2022, for all Whole Life Assurance contracts accepted on or after April 01, 2021, or on the commencement date, whichever is later, and before March 31, 2022.

[Notification No F 13 (30) Finance/Revenue/76 Loose]


Bookmark

Related Updates



Alternate Text

Get updates on the go on RegUpdate Mobile App.

NEW  ·  AI ASSISTANT