LIC Bonus Rates for 2016- 2017

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 Name	Term (years)	Reversionary Bonus Rates (Per 1000 Sum assured)		Comaprison from Last year’s Bonus
		2015-2016	2016-2017
Whole life type ( plans 2, 5, 6, 8, 10, 28 (before conversion), 35, 36, 37, 38, 09, 77, 78, 85.86)	NA	70	70	No 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	< 11	34	34	No change
	11 to 15	38	38	No change
	16 to 20	42	42	No change
	> 20 years	48	48	No change
New Endowment Plan 814	12 to 15	38	38	No change
	16 to 20	42	42	No change
	> 20	48	48	No change
Single Premium Endowment Plan No 817	10 to 15	41	41	No change
	16 to 20	46	46	No change
	> 20	56	56	No change
Money Back Assurance Plan 75 & 93	20	39	39	No change
	25	44	44	No change
Jeevan Surabhi Plan 106, 107 & 108	15	34	34	No change
	20	41	41	No change
	25	50	50	No change
Jeevan Mitra (Double cover) & Jeevan Saathi 88 & 89	15	40	40	No change
	16 to 20	44	44	No change
	> 20	48	48	No change
Jeevan mitra plan 133 Triple Cover	< 16	40	40	No change
	16 to 20	45	45	No change
	> 20	50	50	No change
Limited Payment Endowment Plan 48	< 16	40	40	No change
	16 to 20	44	44	No change
	> 20	49	49	No change
Jeevan Anand Plan no 149	< 11	38	38	No change
	11 to 15	41	41	No change
	16 to 20	45	45	No change
	> 20	49	49	No change
New Jeevan Anand Plan 815	15	41	41	No change
	16 to 20	45	45	No change
	> 20	49	49	No change
Jeevan Rekha Plan 152	< 11	49	49	No change
	11 to 15	44	44	No change
	16 to 20	40	40	No change
	> 20	34	34	No change
Jeevan Anurag Plan 168	< 11	38	38	No change
	11 to 15	40	40	No change
	16 to 20	42	42	No change
	> 20	44	44	No change
New Jeevan Suraksha – I Plan 147	< 6	21	21	No change
	6 to 10	27	27	No change
	11 to 15	31	31	No change
	> 15	35	35	No change
New Jeevan Dhara – I Plan 148	< 6	20	20	No change
	6 to 10	25	25	No change
	11 to 15	28	28	No change
	> 15	32	32	No change
Jeevan Tarang Plan 178	10	47	47	No change
	15	48	48	No change
	20	49	49	No change
Jeevan Madhur Plan 182	< 11	21	21	No change
	11 to 15	26	26	No change
Child Career Plan 184	11 to 15	34	34	No change
	16 to 20	38	38	No change
	> 20	40	40	No change
Child future Plan 185	11 to 15	38	38	No change
	16 to 20	42	42	No change
	> 20	44	44	No change
Jeevan Bharati Plan 160	15	38	38	No change
	20	40	40	No change
Jeevan Bharati Plan 192	15	29	29	No change
	20	31	31	No change
New Money Back Plans 820 & 821	20	39	39	No change
	25	44	44	No change
Limited Payment Endowment Plan 830	12	40	40	No change
	16	45	45	No change
	21	50	50	No change
Limited Payment Endowment Plan – New Children Money Back Plan 832	13 to 15	38	38	No change
	16 to 20	42	42	No change
	> 20	48	48	No change
Jeevan Lakshya Plan 833	13 to 15	41	41	No change
	16 to 20	45	45	No change
	> 20	49	49	No change
Jeevan Nidhi Plan 169	< 11	38	40	Changed
	11 to 15	40	42	Changed
	16 to 20	42	44	Changed
	> 20	44	46	Changed
Jeevan Shree – I Plan 162	10	44	45	Changed
	15	45	46	Changed
	20	48	49	Changed
	25	52	53	Changed
Jeevan Pramukh Plan 167	10	47	49	Changed
	15	48	50	Changed
	20	51	53	Changed
	25	55	57	Changed
Jeevan Amrit Plan 186	10 to 15	30	32	Changed
	16 to 20	30	32	Changed
	> 20	30	32	Changed
Jeevan Tarun Plan 834	13 to 15		38	Changed
	16 to 20		42	Changed
	> 20		48	Changed
Jeevan Labh Plan 836	16		43	Changed
	21		47	Changed
	25		50	Changed
Jeevan Pragati Plan 838	12 to 15		37	Changed
	16 to 20		40	Changed
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 Date	Bonus Rate (In ₹per one thousand sum assured)
01 April 2011  —  31 Mar 2016	5
01 April 2006  —  31 Mar 2011	10
01 April 2001  —  31 Mar 20061	15
01 April 1996  —  31 Mar 2001	25
01 April 1991  —  31 Mar 1996	35
01 April 1986  —  31 Mar 1991	45
Up to 31 Mar 1986	60

 

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.