LIC Bonus Rates for 2015-2016

 

Reversionary Bonus is declared per thousand of the Sum Assured Amount in each financial year by LIC. It will be be paid at the end of maturity period or on the death of the policyholder, whichever is earlier.

Reversionary Bonus Rates declared as a result of valuation as at 31st March 2015

 

Reversionary Bonus Rates declared as a result of valuation as at 31st March 2015
Sl No.	Plan	Term*	Bonus Rates (Per `
			1000/- Sum Assured)**
			2015
1	Whole Life Type Plans (2,5,6,8,10,28 – before conversion,35,36,37,38,49,77,78,85 & 86)		70
2	Endowment Type Plans (14,17,27 – after conversion, 28 -after conversion,34,39,40,41,42,50,54,79,80,81,84,8 7,90,91,92,95,101,102,103,109,110 & 121)	< 11	34
		11 to 15	38
		16 to 20	42
		> 20	48
3	New Endowment Plan (814)	12 to 15	38
		16 to 20	42
		> 20	48
4	Single Premium Endowment Plan (817)	10 to 15	41
		16 to 20	46
		> 20	51
5	Money Back Assurances Plans (75 & 93)	20	39
		25	44
6	New Money Back Plans (820 & 821)	20	39
		25	44
7	Jeevan Surabhi Plans (106,107 & 108)	15	34
		20	41
		25	50
8	Jeevan Mitra (Double Cover Plan), Jeevan Saathi (88,89)	15	40
		16 to 20	44
		> 20	48
9	Jeevan Mitra (Triple Cover Plan) (133)	< 16	40
		16 to 20	45
		> 20	50
10	Limited Payment Endowment Plan (48)	<16	40
		16 to 20	44
		> 20	49
11	Limited Premium Endowment Plan (830)	12	40
		16	45
		21	50
12	New Children Money Back Plan (832)	13 to 15	38
		16 to 20	42
		> 20	48
13	Jeevan Lakshya Plan (833)	13 to 15	41
		16 to 20	45
		> 20	49
14	Jeevan Anand Plan (149)	5	38
		6 to 10	38
		11 to 15	41
		16 to 20	45
		> 20	49
15	New Jeevan Anand Plan (815)	15	41
		16 to 20	45
		> 20	49
16	Jeevan Rekha Plan (152)	< 11	49
		11 to 15	44
		16 to 20	40
		> 20	34
17	Jeevan Anurag Plan (168)	< 11	38
		11 to 15	40
		16 to 20	42
		> 20	44
18	New Jeevan Suraksha – I Plan (147)	< 6	21
		6 to 10	27
		11 to 15	31
		> 15	35
19	New Jeevan Dhara – I Plan (148)	< 6	20
		6 to 10	25
		11 to 15	28
		> 15	32
20	Jeevan Tarang Plan (178)	10	47
		15	48
		20	49
21	Jeevan Madhur Plan (182)	< 11	21
		11 to 15	26
22	Child Career Plan (184)	11 to 15	34
		16 to 20	38
		> 20	40
23	Child Future Plan (185)	11 to 15	38
		16 to 20	42
		> 20	44
24	Jeevan Bharti Plan (160)	15	38
		20	40
25	Jeevan Shree – I Plan (162)	10	44
		15	45
		20	48
		25	52
26	Jeevan Nidhi Plan (169)	< 11	38
		11 to 15	40
		16 to 20	42
		> 20	44
27	Jeevan Pramukh Plan (167)	10	47
		15	48
		20	51
		25	55
28	Jeevan Amrit Plan (186)	10 to 15	30
		16 to 20	30
		> 20	30
29	Jeevan Bharti – I Plan (192)	15	29
		20	31

Note:
* Plan – 149 & 152 : Premium Paying Term in place of Term
Plan – 178: Accumulation Period in place of Term
Plan – 147,148 & 169: Deferment Period in place of Term
** Plan – 147 & 148: Bonus rates are per thousand Notional Cash Option
Plan – 182: Bonus rates are per thousand Death Benefit Sum Assured Plan – 186: Bonus rates are per thousand premium paid

https://www.licindia.in/getattachment/Bottom-Links/Public-disclosure/2015-16/December-2015/L-42_Valuation_Basis_Individual_Annexure.pdf.aspx

 

Final Additional Bonus (FAB) For LIC’s Policies For Year 2015-16

Final Additional Bonus (FAB) is an additional bonus which is paid in participating policies, in addition to the simple reversionary bonus.

Final Additional Bonus is paid only once in the policies resulting into claim by maturity or discounted claim (Surrender of policies with one year preceding the date of maturity) or death claim, during the period 01/01/2016 and ending 9 months from the date of next valuation (ie 31/12/2016)  at the rate declared by LIC. Final additional bonus depends upon the sum assured in policy and term of the policy. This bonus is paid provided the policy is in force for full sum assured till the date of maturity or discounted claim or date of death.

 

All the plans of LIC in which Final additional Bonus (FAB) is payable are divided into 5 major group according to their eligibility for FAB.

Final Additional Bonus in Plans of Groups 1, 2, 8, 9 and 10

• group 1 are Whole Life type (Plans 2, 5, 6, 8, 10, 28 (Before Conversion), 35, 36, 37, 38, 49,77,78, 85 & 86),
• in group 2 are Endowment type (Plans 14, 17, 27 (After Conversion), 28 (After Conversion), 34, 39 40, 41, 42, 50, 54, 79, 80, 81, 84, 87, 90, 91, 92, 95, 101, 102, 103, 109, 110 & 121),
• in group 8 are Jeevan Mitra (Double Cover plan), Jeevan Saathi (Plans 88 & 89),
• in group 9 is Jeevan Mitra (Triple Cover Plan: Plan 133 ) and
• in group 10 is Limited Payment Endowment (Plan 48)

	Amount of Final (additional bonus) per Rs 1000 Sum assured for policies with Sum Assured
	upto Rs 25000	25001 – 50000	50001 – 199999	Rs 2 Lakh and above
Policy Terms in respect of Maturities,Discounted maturities, number of year’s premium paid in repect of claims by death
15	0	0	10	20
16	0	0	15	25
17	0	10	20	30
18	10	15	25	35
19	15	20	30	50
20	20	25	40	70
21	25	30	50	100
22	30	50	80	150
23	35	100	150	250
24	70	150	230	350
25	170	250	330	450
26	270	350	430	550
27	370	450	540	670
28	470	550	650	790
29	570	650	760	910
30	670	750	900	1100
31	800	900	1100	1300
32	950	1050	1300	1550
33	1100	1200	1550	1800
34	1250	1350	1700	2050
35	1400	1500	1850	2300
36	1550	1650	2050	2550
37	1700	1800	2250	2800
38	1850	1950	2500	3050
39	2000	2100	2750	3300
40	2150	2500	3000	3550

Final Additional Bonus in Plans of Group 5

Plans in group 5 are Money Back Assurances (Plans 75& 93)

 

	Amount of Final (additional bonus) per Rs 1000 Sum assured for policies with Sum Assured
	upto Rs 25000	25001 – 50000	50001 – 199999	Rs 2 Lakh and above
Policy Terms in respect of Maturities,/ Duration elapsed in repect of claims by death,  Discounted maturities, number of year’s premium paid in repect of claims by death
Below 15	0	0	0	0
15-19	0	0	15	20
20	0	10	30	40
21 – 24	10	20	30	40
25	40	150	175	225

Final Additional Bonus in Plans of Group 7

Plans in group 7 are Jeevan Surabhi (Plans 106, 107 & 108)

	Amount of Final (additional bonus) per Rs 1000 Sum assured for policies with Sum Assured
	upto Rs 25000	25001 – 50000	50001 – 199999	Rs 2 Lakh and above
Policy Terms in respect of Maturities,/ Duration elapsed in repect of claims by death
Below 15	0	0	0	0
15-19	0	0	20	30
20	40	50	75	100
21 – 25	40	80	100	125

 

Final Additional Bonus in Plans of Group 24

Plans in group 7 is Jeevan Bharti (Plan 160)

	Amount of Final (additional bonus) per Rs 1000 Sum assured for policies with Sum Assured
	Rs 50000  to Rs 2 Lakh	Rs 2 Lakh and above
Terms in respect of Maturities, Discounted maturities, nunmber of year’s premium paid in repect of claims by death
Below 15	0	0
15	25	40

 

Final Additional Bonus (FAB) are only available for policies which are participating in profit. It is totally depend on surplus made by LIC of India. Mostly the policies having more than 15 years of policy term are eligible for FAB. Quantum of Final additional bonus also depend upon the sum assured in policy, higher the sum assured more the FAB.