MyInsuranceClub
menu

LIC New Endowment Plan-814 Bonus Rates. Calculate returns & Maturity Value

Check the Maturity Value for LIC New Endowment Plan-814 Policy. Calculate the returns in LIC New Endowment Plan. Vested Simple Reversionary Bonus from 2013-2014 to the latest values.

eye icon
1005 views/
clock icon
2 mins 51 secs
calendar icon
Last Updated - May 15, 2023
article image
Listen to this article
audio icon

Bonus rates for LIC New Endowment Plan – Table No. 814
The table below shows the Bonus rates declared for LIC New Endowment Plan-814 Policy from inception. You can use this to calculate the LIC New Endowment Plan-814 Maturity Value. The vested simple reversionary bonus rates are per 1,000 Sum Assured.

In case you have a plan with Sum Assured of Rs. 5,00,000 – Use the values in the table as following:

Bonus Value = Sum Assured / 1000 x Bonus Rate = 5,00,000 / 1,000 x Bonus Rate

Simple Reversionary Bonus

Year
Policy Term(Years)
Bonus Rate

2016-2017
12 to 15
38

16 to 20
42

> 20
48

2015-2016
12 to 15
38

16 to 20
42

> 20
48

2014-2015
12 to 15
38

16 to 20
42

> 20
48

2013-2014
12 to 15
38

16 to 20
42

> 20
48

1st September, 2016
Special Diamond Jubilee Bonus – Details as below

One-time Diamond Jubilee Bonus

1st September is the Founding Day or LIC. So on 01-September-2016, when LIC celebrated its 60th birthday, the company declared a special bonus for all it’s participating plans. To be eligible for this bonus, all premiums should have been paid till 31st March 2016 and should be active as on 1st September 2016. The one-time Diamond Jubilee Bonus Rates for LIC New Endowment Plan are as shown below.

Policy Start Date
Bonus Rate

Apr 2011 to March 2016
5

Final Addition Bonus
This is a bonus which is paid at the time of maturity or death. It is a reward for continuing with the policy for a certain number of years. It is a one-time bonus which you get at the end of the policy. We do not have any information on a Final Addition Bonus being declared in this plan.

Maturity Value
So to get to the LIC New Endowment Plan-814, you have to add all of the following – Sum Assured + Simple Reversionary Bonus + Any special bonus + Final Addition Bonus

Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your LIC New Endowment Policy-814. 

Click here to check Bonus Rates of all LIC Policies

Please contact the LIC office for exact details of the bonus which has accrued in your plan.

You can read know more about the plan and it’s working here – LIC New Endowment Plan-814 Review.

author image
Author

MIC Newsdesk is a dedicated department of MyInsuranceClub that specializes in producing insurance-related content. The team comprise of expert writers is well-versed in the insurance industry and creates high-quality, informative, and engaging content.