Wednesday, August 23, 2017

LIC Bonus Rates 2017-18 Details


The rates of Simple Reversionary Bonus, and Interim Bonus declared in respect of participating policies issued by the LIC OF INDIA.


Simple Reversionary and Interim Bonus Rates

Group
Plan
Term Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o 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 70

Group
Plan
Term
Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o Sum Assured (**)
(*)
2 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)
< 11
34 34
11 to 15
38 38
16 to 20
42 42
> 20
48 48
3
New Endowment (Plan 814)
12 to 15
38 38
16 to 20
42 42
> 20
48 48
4
Single Premium Endowment (Plan 817)
10 to 15
41 41
16 to 20
46 46
> 20
51 51
5
Money Back Assurances (Plans 75& 93)
20 39 39
25 44 44
6
New Money Back (Plans 820 & 821)
20 39 39
25 44 44
7
Jeevan Surabhi (Plans 106, 107
& 108)
15 34 34
20 41 41
25 50 50
8 Jeevan Mitra (Double Cover plan), Jeevan Saathi (Plans 88 & 89) 15 40 40
16 to 20
44 44
> 20
48 48
9
Jeevan Mitra (Triple Cover Plan: Plan 133 )
15 40 40
16 to 20
45 45
> 20
50 50
10
Limited Payment Endowment (Plan 48)
<16
40 40
16 to 20
44 44
> 20
49 49
2

Group
Plan
Term Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o Sum Assured (**)
(*)
11
Limited Premium Endowment (Plan 830)
12 40 40
16 45 45
21 50 50
12
New Children Money Back (Plan 832)
13 to 15 38 38
16 to 20 42 42
> 20 48 48
13
Jeevan Lakshya (Plan 833)
13 to 15 41 41
16 to 20 45 45
> 20 49 49
14
Jeevan Anand (Plan 149)
<11 38 38
11 to 15 41 41
16 to 20 45 45
>20 49 49
15
New Jeevan Anand (Plan 815)
15 41 41
16 to 20 45 45
>20 49 49
16
Jeevan Rekha (Plan 152)
<11 49 49
11 to 15 44 44
16 to 20 40 40
>20 34 34
17
Jeevan Anurag (Plan 168)
< 11 38 38
11 to 15 40 40
16 to 20 42 42
> 20 44 44
3

Group
Plan
Term
Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o Sum Assured (**)
(*)
18
New Jeevan Suraksha – I (Plan 147)
< 6 21 21
6 to 10
27 27
11 to 15
31 31
>15
35 35
19
New Jeevan Dhara - I (Plan 148)
< 6 20 20
6 to 10
25 25
11 to 15
28 28
>15
32 32
20
Jeevan Tarang (Plan 178)
10 47 47
15 48 48
20 49 49
21
Jeevan Madhur (Plan 182)
< 11
21 21
11 – 15
26 26
22
Child Career (Plan 184)
11 to 15
34 34
16 to 20
38 38
>20
40 40
23
Child Future (Plan 185)
11 to 15
38 38
16 to 20
42 42
>20
44 44
24
Jeevan Bharti (Plan 160)
15 38 38
20 40 40
25
Jeevan Shree – I (Plan 162)
10 45 45
15 46 46
20 49 49
25 53 53
4

Group
Plan
Term Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o Sum Assured (**)
(*)
26
Jeevan Nidhi ( Plan 169)
<11 41 41
11 - 15 43 43
16 - 20 45 45
> 20 47 47
27
Jeevan Pramukh (Plan 167)
10 49 49
15 50 50
20 53 53
25 57 57
28
Jeevan Amrit (Plan 186)
10 – 15 32 32
16 – 20 32 32
> 20 32 32
29
Jeevan Bharati I (Plan 192)
15 29 29
20 31 31
30
Jeevan Tarun (Plan 834)
13 - 15 38 38
16 – 20 42 42
> 20 48 48
31
Jeevan Labh (Plan 836)
16 43 43
21 47 47
25 50 50
32
Jeevan Pragati (Plan 838)
12 – 15 37 37
16 - 20 41 41



Group
Plan
Term Reversionary Bonus Rate
%o Sum Assured (**) 		Interim Bonus Rate
%o Sum Assured (**)
(*)
33
New Jeevan Nidhi ( Plan 812 & 818)
<11 42 42
11 - 15 44 44
16 - 20 46 46
> 20 48 48



(*) Premium Paying Term in case of Jeevan Anand (Plan 149) & Jeevan Rekha (Plan 152);Accumulation period in case of Jeevan Tarang (Plan 178);Deferment Period in
case of New Jeevan Suraksha – I (Plan 147), New Jeevan Dhara - I (Plan 148), Jeevan Nidhi (Plan 169) & New Jeevan Nidhi (Plan 812 & 818).

(**) In case of New Jeevan Suraksha – I (Plan 147) and New Jeevan Dhara – I (Plan 148), bonus rates are per thousand Cash Option. In case of Jeevan Madhur (Plan 182),
bonus rates are per thousand death benefit sum assured. In case of Jeevan Amrit Plan,bonus rates are per thousand premium(s) paid.

The above reversionary bonus rates are applicable for policy year entered upon during the inter valuation period i.e. 01/04/2016 to 31/03/2017 and in force for full sum
assured as on 31/03/2017. It would apply to policies resulting into claims by death or maturity (including those discounted within one year of maturity) or surrendered on or
after 01/01/2018.

In case of Jeevan Amrit (Plan 186), once the partially paid-up policy gets revived, the reversionary bonuses under such revived policy shall be calculated as if the policy was in
force since inception treating the premiums received at the time of revival as deemed to have been received on their respective due dates of payment.

The above interim bonus rates are applicable to policies in respect of each policy year entered upon after 31/03/2017 and result into claims by death or maturity (including
those discounted within one year of maturity) or are surrendered during the period commencing from 01/01/2018 and ending 9 months from the date of next valuation.

No cash bonus has been declared in respect of New Jeevan Akshay - I (Plan 146).

For General Annuity / Pension policies (Plans 147, 148, 169, 812 & 818), the bonus rates are applicable only during the deferment period. The bonus rates in case of Plan
147 & 148 are not applicable for policies exiting by death during the deferment period.

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