LIC of India's Bonus rate declared for 2015-16

LIC of India have declared Bonus rate for all its with profit policies. Evert year Actuarial department of LIC do valuation and declares the bonus rates. These bonus rate are applicable for policy year entered upon during the inter valuation period i.e. 01/04/2014 to 31/03/2015 and in force for full sum assured as on 31/03/2015. 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 01/01/2016.

Latest: LIC Of India’s Bonus Rates Declared For 2016-17

Final additional bonus (FAB) and Loyalty addition (LA) are also declared with reversionary bonus rate. FAB and LA are not applicable to each policy. They are paid as per the policy conditions and depend upon the Sum assured and policy term.

How to calculate Bonus in your policy

Example: If you have a New Jeevan Anand Policy (Table No. 815), Sum Assured: Rs. 500000, Term: 21 years. Bonus calculations Formula: (Sum Assured/1000)*Bonus rates
Bonus in above mentioned plan: (500000/1000)*49 = Rs. 24500.

Bonus Rate declared by LIC of India

LIC’s Bonus Rates for year 2015-2016

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View Comments

sunil says:

22/02/2016 at 3:07 am

i need your suggestion on LIC policy name jeevan kishore(With profit)
102, 21 years
vesting date:11/11/2029
Date of comencement 10/11/2011
sum assured :-700000
annual premium: 31248
how much i will get on maturity.and in case i withdraw what amount i will get now.
a quick reply will be a great favour .
secondly
- - - - - - - - - - - - - - - - - - - - - - - - -
I have a Jeevan Saral Policy (Plan No. 165).
table:165, term:20
Age at the time of policy opening:27 years(29/07/2009)
yearly premium amount:36030
date of maturity: 01/04/2029
sum assured is 829650
accidental benefit sum assured 750000
can you figure it out roughly how will i get at the time of maturity.
Thanks in advance for this favour
Pravin S says:

06/03/2016 at 10:15 am

I have a Jeevan Saral Policy (Plan No. 165).
table:165
Age at the time of policy opening:24 years(11/06/2013)
yearly premium amount:31612
Pls advise me how much ammount should i get after maturuty
date of maturity: 14/03/2035
my total sum is 7,93,000
my accidental benfit is 10,00,000
Pls guide me i want to plsn for my feature
thank u so much.
Perin AYRTON says:

29/03/2016 at 5:41 pm

I recd. a death claim as a Nominee on a jeevan akshay policy which clearly says With Final Bonus, but I was given the claim without any bonus . I was told the bonus ,if any, w as payable but no bonus was declared on the policy. At the time of giving the policy the bonus must have been promised so it is not fair to say now sorry no bonus was declared. I feel cheated of my rightful claim.
Himanshu Gupta says:

03/04/2016 at 1:02 am

I have purchased policy named Jeevan Pragati...Policy Term ID 16 years sum assured id Rs 500000 and yearly premium is 34873. Please tell me the estimated maturity at 16th year. Premium is payable for 16 years.Age of person assured is 44 years
Rajesh Nair says:

21/05/2016 at 5:47 pm

Hi Sir,
My name is Rajesh Nair, Policy No394471883 Started on 22.09.2009 at the age 34 years with Rs, 9,097 as half yearly payment and Payment term is 15 year.My sum assured is 3,75,000/- Kindly inform me regarding when it will be maturity and how much money will get and how long this premium will continue? Kindly advice