The bonus rate varies from company to company and from year to year. Thus, there is no standard rate for the bonus of any particular company.
But, when it is declared, it is declared like Rs 70 per thousand Sum Assured. That is, if your Sum Assured is sar Rs 5 lakhs, then the bonus that you would receive is 70/1000 X 500000, i.e. Rs 35000 for that particular year.
The bonus rate varies from product to product, and also varies with Terminal Bonus, Final Addition Bonus, etc. Hence there can be no set formulae for calculating bonus. It is only calculated after it is declared.
To know more, read Bonus in a Life Insurance Policy.
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