Rastriya Jeevan Bima Company Announces Bonus Rate for FY 2070/71 to 2072/073

Bonus Rate Announcement:

• Rastriya Jeevan Bima Company has set a bonus rate of NPR 60 per thousand of the insured amount for the fiscal years 2070/71 to 2072/073.

Effective Period for Bonus:

• The announced bonus rate will apply to all types of insurance policies, where policyholders will receive a uniform bonus of NPR 60.

Actuarial Valuation Report:

• This decision is based on the actuarial valuation report related to the financial accounting and liability assessment of a total of 152,890 insurance policies maintained from FY 2070/071 to 2072/073.

Approval by the Authority:

• The regulatory body, Nepal Insurance Authority, granted approval on Bhadra 5, 2081 (August 21, 2024).

Variable Bonus Rate:

• The company has stated that the bonus rate will vary based on actuarial valuation.

This bonus rate announcement is positive news for the insured, providing additional attractiveness and value to their insurance policies.