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LIC Jeevan Mitra (Double Cover Plan) Bonus Rates. Calculate returns & Maturity Value

Bonus rates for LIC Jeevan Mitra (Double Cover Plan) which have been declared every year. Use this to find out the Maturity Amount for LIC Jeevan Mitra (Double Cover Plan).

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Last Updated - May 15, 2023
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Bonus rates for LIC Jeevan Mitra (Double Cover Plan) Plan – Table No. 88

The table below shows the Bonus rates declared for LIC Jeevan Mitra (Double Cover) Policy from inception. You can use this to calculate the LIC Jeevan Mitra (Double Cover) Plan 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

Financial Year

Policy Term(Years)
Bonus Rate

2016-2017
15
40

16 to 20
44

> 20
48

2015-2016
15
40

16 to 20
44

> 20
48

2014-2015
15
40

16 to 20
44

> 20
48

2013-2014

40

16 to 20
44

> 20
48

2012-2013

40

16 to 20
44

> 20
48

2011-2012

40

16 to 20
44

> 20
48

2010-2011

40

16 to 20
44

> 20
48

2009-2010

40

16 to 20
44

> 20
48

2008-2009

40

16 to 20
44

> 20
48

2007-2008

40

16 to 20
44

> 20
48

2006-2007
15
40

16 to 20
44

> 20
48

2005-2006
15
39

16 to 20
43

> 20
47

2004-2005

42

16 to 20
46

> 20
51

2003-2004

48

16 to 20
52

> 20
58

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 Jeevan Mitra (Double Cover) Plan are as shown below.

Policy Start Date
Bonus Rate

April 2011 to March 2016
5

April 2006 to March 2011
10

April 2001 to March 2006
15

April 1996 to March 2001
25

April 1991 to March 1996
35

April 1986 to March 1991
45

Prior to April 1986
60

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.

Year of Valuation: 31-03-2010 | 31-03-2011 | 31/03/2012 

No of Years
Sum Assured (Rupees)
Bonus Rate

15

0

25,001 to 50,000
0

50,001 to 1,99,999
10

> 2,00,000
20

16

0

25,001 to 50,000
0

50,001 to 1,99,999
15

> 2,00,000
25

17

0

25,001 to 50,000
10

50,001 to 1,99,999
20

> 2,00,000
30

18

10

25,001 to 50,000
15

50,001 to 1,99,999
25

> 2,00,000
35

19

15

25,001 to 50,000
20

50,001 to 1,99,999
30

> 2,00,000
50

20

20

25,001 to 50,000
25

50,001 to 1,99,999
40

> 2,00,000
70

21

25

25,001 to 50,000
30

50,001 to 1,99,999
50

> 2,00,000
100

22

30

25,001 to 50,000
50

50,001 to 1,99,999
80

> 2,00,000
150

23

35

25,001 to 50,000
100

50,001 to 1,99,999
150

> 2,00,000
250

24

70

25,001 to 50,000
150

50,001 to 1,99,999
230

> 2,00,000
350

25

170

25,001 to 50,000
250

50,001 to 1,99,999
330

> 2,00,000
450

26

270

25,001 to 50,000
350

50,001 to 1,99,999
430

> 2,00,000
550

27

370

25,001 to 50,000
450

50,001 to 1,99,999
540

> 2,00,000
670

28

470

25,001 to 50,000
550

50,001 to 1,99,999
650

> 2,00,000
790

29

570

25,001 to 50,000
650

50,001 to 1,99,999
760

> 2,00,000
910

30

670

25,001 to 50,000
750

50,001 to 1,99,999
900

> 2,00,000
1100

31

800

25,001 to 50,000
900

50,001 to 1,99,999
1100

> 2,00,000
1300

32

950

25,001 to 50,000
1050

50,001 to 1,99,999
1300

> 2,00,000
1550

33

1100

25,001 to 50,000
1200

50,001 to 1,99,999
1550

> 2,00,000
1800

34

1250

25,001 to 50,000
1350

50,001 to 1,99,999
1700

> 2,00,000
2050

35

1400

25,001 to 50,000
1500

50,001 to 1,99,999
1850

> 2,00,000
2300

36

1550

25,001 to 50,000
1650

50,001 to 1,99,999
2050

> 2,00,000
2550

37

1700

25,001 to 50,000
1800

50,001 to 1,99,999
2250

> 2,00,000
2800

38

1850

25,001 to 50,000
1950

50,001 to 1,99,999
2500

> 2,00,000
3050

39

2000

25,001 to 50,000
2100

50,001 to 1,99,999
2750

> 2,00,000
3300

40 Years and more

2150

25,001 to 50,000
2500

50,001 to 1,99,999
3000

> 2,00,000
3550

Below table is for the valuation year : 31-03-2008 

No of Years
Sum Assured (Rupees)
Bonus Rate

15

0

25,001 to 50,000
0

50,001 to 1,99,999
20

> 2,00,000
40

16

0

25,001 to 50,000
0

50,001 to 1,99,999
40

> 2,00,000
60

17

0

25,001 to 50,000
20

50,001 to 1,99,999
55

> 2,00,000
90

18

20

25,001 to 50,000
35

50,001 to 1,99,999
80

> 2,00,000
110

19

35

25,001 to 50,000
55

50,001 to 1,99,999
110

> 2,00,000
165

20

50

25,001 to 50,000
120

50,001 to 1,99,999
200

> 2,00,000
300

21

90

25,001 to 50,000
196

50,001 to 1,99,999
280

> 2,00,000
390

22

130

25,001 to 50,000
272

50,001 to 1,99,999
360

> 2,00,000
480

23

170

25,001 to 50,000
348

50,001 to 1,99,999
440

> 2,00,000
570

24

210

25,001 to 50,000
424

50,001 to 1,99,999
520

> 2,00,000
660

25

250

25,001 to 50,000
500

50,001 to 1,99,999
600

> 2,00,000
750

26

345

25,001 to 50,000
600

50,001 to 1,99,999
700

> 2,00,000
860

27

440

25,001 to 50,000
700

50,001 to 1,99,999
800

> 2,00,000
970

28

535

25,001 to 50,000
800

50,001 to 1,99,999
900

> 2,00,000
1080

29

630

25,001 to 50,000
900

50,001 to 1,99,999
1000

> 2,00,000
1190

30

725

25,001 to 50,000
1000

50,001 to 1,99,999
1100

> 2,00,000
1300

31

830

25,001 to 50,000
1120

50,001 to 1,99,999
1220

> 2,00,000
1420

32

935

25,001 to 50,000
1240

50,001 to 1,99,999
1340

> 2,00,000
1540

33

1040

25,001 to 50,000
1360

50,001 to 1,99,999
1460

> 2,00,000
1660

34

1145

25,001 to 50,000
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