Year-wise Post Office Life Insurance Fund Account
Data in table tells us the year-wise Post Office life insurance fund account. Table specifies the total amount of postal life insurance receipts and total postal life insurance payments in Ten Million rupees from 2000-01 to 2016-17. At the end of the year balance is calculated with the formulae- (Total Receipt- Total Payment). Note: 1) Totals may not tally due to rounding off of figures. 2) Receipts include- Balance at the beginning of the year, Premia realised, Medical fee realised, Cost of assignment fees(Dup.Fee), Fines realised, Loans-principal, Loans-interest, Misc. receipts and Interest on balance 3) Payments include- Policies paid (Maturity and Death), Monthly allowance paid, Surrender value paid, Paid-up Value, Medical fees paid, Refunds/Rebates, Refund of M.E., Refunds of loan interest, Loan payment on principle, Postal establishment, including printing etc., Refunds of assign non fees and Misc. charges
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