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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.

 

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