Life Insurance Corporation declares interim bonus every year and added in the account of respective policy holder.
Policies which are categorized as With Profit policy tend to get the bonus while non-profit policies like term insurance or term insurance with return of premium plans won’t get the bonus.
Bonus declared is generally depends on
- Type of policy like Whole life,Moneyback or Endowment plan.
- Bonus rates are better for whole life plans ,then endowment and then money back plan.
- profits made by insurance company.
- Interest rate scenario.
- Duration Of Policy – generally, more duration means better better rate.
Bonus info shown below is for policy duration of 16-20 years and interim and reversionary bonus.Bonus rates are skipped in between where rates are same as preceding year & to make the list as possible short.
Bonus declared is always based on Sum assured and not premium.
Rates of bonus per 1000 Sum Assured:
| Sr.No | Valuation Year | Whole Life Plan | Endowment Plans |
| 1. | 1957 | 16 | 12.80 |
| 2 | 1959 | 16 | 12.80 |
| 3. | 1961 | 16 | 12.80 |
| 4. | 1963 | 17.50 | 14 |
| 5. | 1965 | 20 | 16 |
| 6. | 1967 | 20 | 16 |
| 7. | 1969 | 22 | 17.60 |
| 8. | 1971 | 22 | 17.60 |
| 9. | 1973 | 22 | 17.60 |
| 10. | 1975 | 22 | 17.60 |
| 11. | 1977 | 25 | 20 |
| 12. | 1979 | 31 | 24.80 |
| 13. | 1981 | 35 | 28 |
| 14. | 1983 | 42.5 | 34 |
| 15. | 1985 | 55 | 44 |
| 16. | 1986 | 65 | 52 |
| 17. | 1987 | 72.50 | 58 |
| 18. | 1988 | 77.50 | 62 |
| 19. | 1989 | 80 | 64 |
| 20. | 1990 | 82.50 | 66 |
| 21. | 1991 | 84 | 67 |
| 22. | 1992 | 84 | 67 |
| 23. | 1993 | 84 | 67 |
| 24. | 1994 | 84 | 67 |
| 25. | 1995 | 86 | 69 |
| 26 | 1996 | 86 | 69 |
| 27. | 1997 | 88 | 71 |
| 28 | 1998 | 91 | 71 |
| 29. | 1999 | 91 | 71 |
| 30 | 2000 | 95 | 71 |
| 31 | 2001 | 80 | 71 |
| 32. | 2002 | 80 | 65 |
| 33. | 2003 | 80 | 58 |
| 34. | 2004 | 80 | 51 |
| 35. | 2005 | 71 | 45 |
| 36. | 2006 | 66 | 40 |
| 37 | 2007 | 70 | 42 |
| 38. | 2008 | 70 | 42 |
| 39 | 2009 | 70 | 42 |
| 40. | 2010 | 70 | 42 |
| 41. | 2011 | 70 | 42 |
| 42. | 2012 | 70 | 42 |
Bonus declared for Money Back plan is always slightly lower than that for Endowment plans since money is regularly paid back to investor & sum assured remains same till the end of policy.
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sir what will be my return on new jeevan anand with sum assuared of 20 lacs and maturity period of 33 years
Hello,
Its not possible to calculate the exact returns.
But most of the endowment insurance policies will offer around 6% IRR, under current interest scenario.
Regards.
I am having below policies :
1) Jeevan Sukanya t no. 109,
2) Jeevan Surbhi 15 yrs t no. 106,
3) Jeevan Sanchay 25 yrs t no. 126,
4) Anmol Jeevan 10 yrs t no. 153,
5) New Jeevan Suraksha – I t no. 147 and
6) Money back policy t no 75 – 20 yrs
Please let me know the bonus which are applicable on the above policies.
Thanks in advance.
sir mujhe aapse janna hai ki meri mma ki lic policy ka amount 1600 term 20 year 1996 ki policy h kitna amount unhe milega
Need to know more details like plan name, S.A etc
What is the declared bonus for Jeevan Shree Table 112 for the year 2013-14
I HAVE A CAD POLICY FROM LIC PURCHASED ON 18/09/1982 WHEN I WAS OF 5 YRS. OLD FOR A TERM OF 30 YEARS UNDER TABLE 80. IN SEP. 2012 I HAD GOT THE MATURITY OF THE SAID POLICY BY DETAILING BONUS FOR 16 YRS.982 MULITIPLIED BY 50 AMOUNTING RS.49100 PLUS ADDITIONAL BONUS RS.10 MULTIPLIED BY 50 PLUS SUM ASSURED I.E.50000, AND GOT THE TOTAL MATURITY OF RS.102000.
MY QUERY IS AS PER LIC 12/1998 VALUATION THE POLICIES WHICH GOT VESTED UP TO 31/12/1998 THE TERM FOR CALCULATING BONUS WILL BE COUNTED FROM THE COMMENCEMENT TO THE MATURITY.AND IN MY CASE I GOT MAJOR ON 22/03/1995 MUCH BEFORE 31/12/1998. WHETHER THE LIC HAD WRONGLY CALCULATED THE BONUS RATE INSPITE FOR 30 YRS. THEY HAD COUNTED IT FOR 16 YRS? KINDLY CLARIFY THE MATTER. THANKS
Hi,
How can I get product specific historical bonus rates?
Regards,
Bedanta
Hello,
If you know any one from LIC then they may have this data.
By the way,bonus rate for which plan & year you are looking for?
Regards.
Hi,
I am looking for bonus rates for Jeevan Anand since its inception. Also I think the rates will differ based on the policy term.
Regards.
Yes.Bonus rates depend on policy term & Above bonus rates are for policy term of 16-20 years.
LIC Jeevan Anand is endowment – whole life insurance plan & so bonus rates may be nearer to rates indicated in the column of whole life plans.
Do you have the Bonus History for the 25 years policy for the money back and anticipated policies declared from 1990 and after.
Need to check.
Will mail you if I able to find it.