LIC Bonus Rates for the Year 2018-19
LIC declares bonuses every year for all its traditional with profit, non-Linked, participating products. The bonus rates declared by LIC are the best in the industry and which is the main reason why a lot of people prefer to choose LIC over other insurers.
The maturity amount and yearly yield of all traditional with profit plans are calculated as per the declared LIC Bonus Rates from time to time.
The bonus rates majorly depend on factors like Term of policy or the Sum Assured under a particular policy. Higher the term or higher the Sum Assured, the higher are the LIC Bonus rates. The LIC bonus rates also change from one plan to another. A common trend seen is that the endowment policies usually offer a very good Bonus rate compared to others.
LIC also offers its policyholders Loyalty Addition and Final Addition Bonus in addition to the Simple Reversionary Bonus depending on various factors like plan, term, Sum assured, etc,
Following is the list of Reversionary Bonus Rates declared by LIC as a result of valuation as at 31st March 2019.
|
Sl No. |
Plan |
Term* |
Bonus Rates 2019 (Per 1000/- Sum Assured)** |
|
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 |
|
<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 |
|
Sl No. |
Plan |
Term* |
Bonus Rates 2019 (Per 1000/- Sum Assured)* |
|
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 |
45 |
|
15 |
46 |
||
|
20 |
49 |
||
|
25 |
53 |
|
Sl No. |
Plan |
Term* |
Bonus Rates 2019 (Per 1000/- Sum Assured) |
|
26 |
Jeevan Nidhi Plan (169) |
5 to 10 |
45 |
|
11 to 15 |
47 |
||
|
16 to 20 |
49 |
||
|
> 20 |
51 |
||
|
27 |
Jeevan Pramukh Plan (167) |
10 |
49 |
|
15 |
50 |
||
|
20 |
53 |
||
|
25 |
57 |
||
|
28 |
Jeevan Amrit Plan (186) |
10 to 15 |
32 |
|
16 to 20 |
32 |
||
|
> 20 |
32 |
||
|
29 |
Jeevan Bharti – I Plan (192) |
15 |
29 |
|
20 |
31 |
||
|
30 |
Jeevan Tarun (Plan 834) |
13 to 15 |
38 |
|
16 to 20 |
42 |
||
|
> 20 |
48 |
||
|
31 |
Jeevan Labh (Plan 836) |
16 |
43 |
|
21 |
47 |
||
|
25 |
50 |
||
|
32 |
Jeevan Pragati (Plan 838) |
12 to 15 |
37 |
|
16 to 20 |
41 |
||
|
33 |
New Jeevan Nidhi (Plan 812 & 818) |
5 to 10 |
46 |
|
11 to 15 |
48 |
||
|
16 to 20 |
50 |
||
|
> 20 |
5 |
Note:
- Plan – 149 & 152 : Premium Paying Term in place of Term
- Plan – 178: Accumulation Period in place of Term
- Plan – 147,148,169,812 & 818: 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
|
Sl No. |
Plan |
PPT |
Bonus Rates (Per ` 1000/- SA) for the policy term |
|||
|
Up to 55 |
56 to 70 |
71 to 85 |
86 & above |
|||
|
34 |
Jeevan Umang Plan (845) |
15 |
51 |
60 |
67 |
NA |
|
20 |
50 |
55 |
62 |
70 |
||
|
25 |
49 |
50 |
56 |
65 |
||
|
30 |
NA |
49 |
50 |
60 |
||
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