LIC of India declared bonus rates vide Ref: Actuarial/Valuation/2214/4 on 1st September 2014. The results of Valuation was till 31st March 2014. Here are the details of the bonus.
LIC of India Bonus Rates 2014
Summary
- Bonus rates have mostly not changed from last year.
- Bonus rates for the new plan has not been different from the old plans that were selling before the new IRDA regulations came into effect.
- Refer to my earlier post if you want to understand LIC of India Historical Bonus Rates
- Refer to my earlier post if you want to understand return on LIC of India Policy
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 |
40 |
40 |
|
16 to 20 |
45 |
45 |
||
|
> 20 |
50 |
50 |
||
| 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, Limited Premium Endowment (Plans 88, 89, 48) |
<16 |
40 |
40 |
|
16 to 20 |
44 |
44 |
||
|
> 20 |
48 |
48 |
||
| 9 |
Jeevan Mitra (Triple Cover Plan: Plan 133 ) |
<16 |
40 |
40 |
|
16 to 20 |
45 |
45 |
||
|
> 20 |
50 |
50 |
||
| 10 |
Jeevan Anand (Plan 149) |
<11 |
37 |
37 |
|
11 to 15 |
40 |
40 |
||
|
16 to 20 |
44 |
44 |
||
|
>20 |
48 |
48 |
| Group |
Plan |
Term |
Reversionary Bonus Rate %o Sum Assured (**) |
Interim Bonus Rate %o Sum Assured (**) |
|
(*) |
||||
| 11 |
New Jeevan Anand (Plan 815) |
15 |
40 |
40 |
|
16 to 20 |
44 |
44 |
||
|
>20 |
48 |
48 |
||
| 12 |
Jeevan Rekha (Plan 152) |
<11 |
49 |
49 |
|
11 to 15 |
44 |
44 |
||
|
16 to 20 |
40 |
40 |
||
|
>20 |
34 |
34 |
||
| 13 |
Jeevan Anurag (Plan 168) |
< 11 |
38 |
38 |
|
11 to 15 |
40 |
40 |
||
|
16 to 20 |
42 |
42 |
||
|
> 20 |
44 |
44 |
||
| 14 |
New Jeevan Suraksha – I (Plan 147) |
< 6 |
21 |
21 |
|
6 to 10 |
27 |
27 |
||
|
11 to 15 |
31 |
31 |
||
|
>15 |
35 |
35 |
||
| 15 |
New Jeevan Dhara – I (Plan 148) |
< 6 |
20 |
20 |
|
6 to 10 |
25 |
25 |
||
|
11 to 15 |
28 |
28 |
||
|
>15 |
32 |
32 |
||
| 16 |
Jeevan Tarang (Plan 178) |
10 |
47 |
47 |
|
15 |
48 |
48 |
||
|
20 |
49 |
49 |
||
| 17 |
Jeevan Madhur (Plan 182) |
< 11 |
21 |
21 |
|
11 – 15 |
26 |
26 |
| Group |
Plan |
Term |
Reversionary Bonus Rate %o Sum Assured (**) |
Interim Bonus Rate %o Sum Assured (**) |
|
(*) |
||||
| 18 |
Child Career (Plan 184) |
11 to 15 |
34 |
34 |
|
16 to 20 |
38 |
38 |
||
|
>20 |
40 |
40 |
||
| 19 |
Child Future (Plan 185) |
11 to 15 |
38 |
38 |
|
16 to 20 |
42 |
42 |
||
|
>20 |
44 |
44 |
||
| 20 |
Jeevan Bharti (Plan 160) |
15 |
38 |
38 |
|
20 |
40 |
40 |
||
| 21 |
Jeevan Shree – I (Plan 162) |
10 |
43 |
43 |
|
15 |
44 |
44 |
||
|
20 |
47 |
47 |
||
|
25 |
51 |
51 |
||
| 22 |
Jeevan Nidhi ( Plan 169) |
<11 |
36 |
36 |
|
11 – 15 |
38 |
38 |
||
|
16 – 20 |
40 |
40 |
||
|
> 20 |
42 |
42 |
||
| 23 |
Jeevan Pramukh (Plan 167) |
10 |
45 |
45 |
|
15 |
46 |
46 |
||
|
20 |
49 |
49 |
||
|
25 |
53 |
53 |
||
| 24 |
Jeevan Amrit (Plan 186) |
10 – 15 |
30 |
30 |
|
16 – 20 |
30 |
30 |
||
|
> 20 |
30 |
30 |
||
| 25 |
Jeevan Bharati I (Plan 192) |
15 |
29 |
29 |
|
20 |
31 |
31 |
*reversionary bonus rates are applicable for policy year entered upon during the inter valuation period i.e. 01/04/2013 to 31/03/2014 and in force for full sum assured as on 31/03/2014. 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 01/01/2015.
Final (Additional) Bonus Per Rs. 1000/- Sum Assured for policies
| Terms in respect of maturities, discounted maturity claims / Number of years’ premiums paid in respect of claims by death (#) |
Amount of Final (Additional) Bonus per ` 1000/- Sum Assured for policies with sum assured |
|||
|
Up to 25,000 |
25,001 to 50,000 |
50,001 to 1,99,999 |
2,00,000 and above |
|
| 15 |
0 |
0 |
10 |
20 |
| 16 |
0 |
0 |
15 |
25 |
| 17 |
0 |
10 |
20 |
30 |
| 18 |
10 |
15 |
25 |
35 |
| 19 |
15 |
20 |
30 |
50 |
| 20 |
20 |
25 |
40 |
70 |
| 21 |
25 |
30 |
50 |
100 |
| 22 |
30 |
50 |
80 |
150 |
| 23 |
35 |
100 |
150 |
250 |
| 24 |
70 |
150 |
230 |
350 |
| 25 |
170 |
250 |
330 |
450 |
| 26 |
270 |
350 |
430 |
550 |
| 27 |
370 |
450 |
540 |
670 |
| 28 |
470 |
550 |
650 |
790 |
| 29 |
570 |
650 |
760 |
910 |
| 30 |
670 |
750 |
900 |
1100 |
| 31 |
800 |
900 |
1100 |
1300 |
| 32 |
950 |
1050 |
1300 |
1550 |
| 33 |
1100 |
1200 |
1550 |
1800 |
| 34 |
1250 |
1350 |
1700 |
2050 |
| 35 |
1400 |
1500 |
1850 |
2300 |
| 36 |
1550 |
1650 |
2050 |
2550 |
| 37 |
1700 |
1800 |
2250 |
2800 |
| 38 |
1850 |
1950 |
2500 |
3050 |
| 39 |
2000 |
2100 |
2750 |
3300 |
| 40 & above |
2150 |
2500 |
3000 |
3550 |
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Divya is a Financial Advisor at DivyaAdvisor.com. She has MBA(Finance) from BIT,Mesra,Ranchi and authorized distributor of financial products listed below. Products: LIC of India, Star Health, Shares and all Mutual Funds Houses in India Others: Tax Free Bonds and Real Estate Advisory
