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LIC Bonus Rates for 2016- 2017

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If you have Traditional Life Insurance Policies of LIC (like Endowment Policies, Money Back Policy etc), then you should keep track of Bonus declared by LIC every year. These bonuses form the major portion of the returns from such policies.

Every year LIC declares the reversionary bonus.  Where applicable, Final additional bonus (FAB) and Loyalty addition (LA) are also declared with reversionary bonus rate.  On its 60th anniversary, LIC has also declared the One time Diamond Jubilee Bonus.

 

LIC Bonus Rates for 2016- 2017  (Revisionary)

Plan NameTerm (years)Reversionary Bonus Rates (Per 1000 Sum assured)Comaprison from Last year’s Bonus
  2015-20162016-2017 
Whole life type ( plans 2, 5, 6, 8, 10, 28 (before conversion), 35, 36, 37, 38, 09, 77, 78, 85.86)NA7070No change
Endowment type / Plans 14, 17, 27/ After conversion, 28 after conversion, 34, 39, 40, 41, 42, 50, 79, 80, 81, 84, 87,90,91, 92,95, 101, 102,103, 109, 110 & 121< 113434No change
 11 to 153838No change
 16 to 204242No change
 > 20 years4848No change
New Endowment Plan 81412 to 153838No change
 16 to 204242No change
 > 204848No change
Single Premium Endowment Plan No 81710 to 154141No change
 16 to 204646No change
 > 205656No change
Money Back Assurance Plan 75 & 93203939No change
 254444No change
Jeevan Surabhi Plan 106, 107 & 108153434No change
 204141No change
 255050No change
Jeevan Mitra (Double cover) & Jeevan Saathi 88 & 89154040No change
 16 to 204444No change
 > 204848No change
Jeevan mitra plan 133 Triple Cover< 164040No change
 16 to 204545No change
 > 205050No change
Limited Payment Endowment Plan 48< 164040No change
 16 to 204444No change
 > 204949No change
Jeevan Anand Plan no 149< 113838No change
 11 to 154141No change
 16 to 204545No change
 > 204949No change
New Jeevan Anand Plan 815154141No change
 16 to 204545No change
 > 204949No change
Jeevan Rekha Plan 152< 114949No change
 11 to 154444No change
 16 to 204040No change
 > 203434No change
Jeevan Anurag Plan 168< 113838No change
 11 to 154040No change
 16 to 204242No change
 > 204444No change
New Jeevan Suraksha – I Plan 147< 62121No change
 6 to 102727No change
 11 to 153131No change
 > 153535No change
New Jeevan Dhara – I Plan 148< 62020No change
 6 to 102525No change
 11 to 152828No change
 > 153232No change
Jeevan Tarang Plan 178104747No change
 154848No change
 204949No change
Jeevan Madhur Plan 182< 112121No change
 11 to 152626No change
Child Career Plan 18411 to 153434No change
 16 to 203838No change
 > 204040No change
Child future Plan 18511 to 153838No change
 16 to 204242No change
 > 204444No change
Jeevan Bharati Plan 160153838No change
 204040No change
Jeevan Bharati Plan 192152929No change
 203131No change
New Money Back Plans 820 & 821203939No change
 254444No change
Limited Payment Endowment Plan 830124040No change
 164545No change
 215050No change
Limited Payment Endowment Plan – New Children Money Back Plan 83213 to 153838No change
 16 to 204242No change
 > 204848No change
Jeevan Lakshya Plan 83313 to 154141No change
 16 to 204545No change
 > 204949No change
Jeevan Nidhi Plan 169< 113840Changed
 11 to 154042Changed
 16 to 204244Changed
 > 204446Changed
Jeevan Shree – I Plan 162104445Changed
 154546Changed
 204849Changed
 255253Changed
Jeevan Pramukh Plan 167104749Changed
 154850Changed
 205153Changed
 255557Changed
Jeevan Amrit Plan 18610 to 153032Changed
 16 to 203032Changed
 > 203032Changed
Jeevan Tarun Plan 83413 to 15 38Changed
 16 to 20 42Changed
 > 20 48Changed
Jeevan Labh Plan 83616 43Changed
 21 47Changed
 25 50Changed
Jeevan Pragati Plan 83812 to 15 37Changed
 16 to 20 40Changed
New Jeevan Akshay – I (Plan 146).  0 

 

The above reversionary bonus rates are applicable for policy year entered during the inter-valuation period i.e. 01/04/2015 to 31/03/2016 and in force for full sum assured as on 31/03/2016. Bonus rates will be applicable to the policies resulting from claims by death or maturity (including those discounted within one year of maturity) or surrendered on or after 01/01/2017.

 

LIC’s One Time Diamond Jubilee Year Special Reversionary Bonus Rates

Along with this regular LIC Bonus Rates for 2016-17, LIC declared “One Time Diamond Jubilee Year Special Reversionary Bonus” on the occasion of 60th-year-anniversary celebrations.

Diamond Jubilee Special Bonus Rates 
Policy Subscription DateBonus Rate (In ₹per one thousand sum assured)
01 April 2011  —  31 Mar 20165
01 April 2006  —  31 Mar 201110
01 April 2001  —  31 Mar 2006115
01 April 1996  —  31 Mar 200125
01 April 1991  —  31 Mar 199635
01 April 1986  —  31 Mar 199145
Up to 31 Mar 198660

 

Besides Simple Reversionary Bonus, LIC also declares other bonuses like;

  • Final Additional Bonus (FAB) : This is a one-time payment and paid to those policies which are of a longer duration and has run for say more than 15 years. 
  • Loyalty Additions : These are similar to FAB.
  • Guaranteed Additions : The Guaranteed Additions are payable along with the Basic Sum Assured at the time of claim.

 

If you have any queries related to this article or any other personal finance query ( Investment, Taxation etc), please comment below

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The author is a Chartered Accountant and loves to write about Personal Finance, Wealth Management, Taxation etc.Disclaimer - The articles on this website is for informational and knowledge purposes and should not be treated as financial advice, Please consult your financial advisor before taking any investment decision.

2 comments

  1. SAKTI SANKAR SARANGI

    I BC like to know the status of my policy , bonusrate,and the value of different but policy.

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