Bonus rates for LIC Single Premium Endowment Plan – Table No. 817
The table below shows the Bonus rates declared for LIC SIngle Premium Endowment Plan – 817 Policy from inception. You can use this to calculate the LIC Single Premium Endowment Plan – 817 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
2013-2014
10 to 15
40
16 to 20
45
> 20
50
2014-2015
10 to 15
41
16 to 20
46
> 20
51
2015-2016
10 to 15
41
16 to 20
46
> 20
51
2016-2017
10 to 15
41
16 to 20
46
> 20
51
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 Single Premium 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 Single Premium Endowment Plan-817, 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 Single Premium Endowment Policy-817.
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 Single Premium Endowment Plan-817 Review.
