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

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	< 16	40
	16 to 20	44
	> 20	48
2012-2013	< 16	40
	16 to 20	44
	> 20	48
2011-2012	< 16	40
	16 to 20	44
	> 20	48
2010-2011	< 16	40
	16 to 20	44
	> 20	48
2009-2010	< 16	40
	16 to 20	44
	> 20	48
2008-2009	< 16	40
	16 to 20	44
	> 20	48
2007-2008	< 16	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	< 16	42
	16 to 20	46
	> 20	51
2003-2004	< 16	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	<= 25,000	0
	25,001 to 50,000	0
	50,001 to 1,99,999	10
	> 2,00,000	20
16	<= 25,000	0
	25,001 to 50,000	0
	50,001 to 1,99,999	15
	> 2,00,000	25
17	<= 25,000	0
	25,001 to 50,000	10
	50,001 to 1,99,999	20
	> 2,00,000	30
18	<= 25,000	10
	25,001 to 50,000	15
	50,001 to 1,99,999	25
	> 2,00,000	35
19	<= 25,000	15
	25,001 to 50,000	20
	50,001 to 1,99,999	30
	> 2,00,000	50
20	<= 25,000	20
	25,001 to 50,000	25
	50,001 to 1,99,999	40
	> 2,00,000	70
21	<= 25,000	25
	25,001 to 50,000	30
	50,001 to 1,99,999	50
	> 2,00,000	100
22	<= 25,000	30
	25,001 to 50,000	50
	50,001 to 1,99,999	80
	> 2,00,000	150
23	<= 25,000	35
	25,001 to 50,000	100
	50,001 to 1,99,999	150
	> 2,00,000	250
24	<= 25,000	70
	25,001 to 50,000	150
	50,001 to 1,99,999	230
	> 2,00,000	350
25	<= 25,000	170
	25,001 to 50,000	250
	50,001 to 1,99,999	330
	> 2,00,000	450
26	<= 25,000	270
	25,001 to 50,000	350
	50,001 to 1,99,999	430
	> 2,00,000	550
27	<= 25,000	370
	25,001 to 50,000	450
	50,001 to 1,99,999	540
	> 2,00,000	670
28	<= 25,000	470
	25,001 to 50,000	550
	50,001 to 1,99,999	650
	> 2,00,000	790
29	<= 25,000	570
	25,001 to 50,000	650
	50,001 to 1,99,999	760
	> 2,00,000	910
30	<= 25,000	670
	25,001 to 50,000	750
	50,001 to 1,99,999	900
	> 2,00,000	1100
31	<= 25,000	800
	25,001 to 50,000	900
	50,001 to 1,99,999	1100
	> 2,00,000	1300
32	<= 25,000	950
	25,001 to 50,000	1050
	50,001 to 1,99,999	1300
	> 2,00,000	1550
33	<= 25,000	1100
	25,001 to 50,000	1200
	50,001 to 1,99,999	1550
	> 2,00,000	1800
34	<= 25,000	1250
	25,001 to 50,000	1350
	50,001 to 1,99,999	1700
	> 2,00,000	2050
35	<= 25,000	1400
	25,001 to 50,000	1500
	50,001 to 1,99,999	1850
	> 2,00,000	2300
36	<= 25,000	1550
	25,001 to 50,000	1650
	50,001 to 1,99,999	2050
	> 2,00,000	2550
37	<= 25,000	1700
	25,001 to 50,000	1800
	50,001 to 1,99,999	2250
	> 2,00,000	2800
38	<= 25,000	1850
	25,001 to 50,000	1950
	50,001 to 1,99,999	2500
	> 2,00,000	3050
39	<= 25,000	2000
	25,001 to 50,000	2100
	50,001 to 1,99,999	2750
	> 2,00,000	3300
40 Years and more	<= 25,000	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	<= 25,000	0
	25,001 to 50,000	0
	50,001 to 1,99,999	20
	> 2,00,000	40
16	<= 25,000	0
	25,001 to 50,000	0
	50,001 to 1,99,999	40
	> 2,00,000	60
17	<= 25,000	0
	25,001 to 50,000	20
	50,001 to 1,99,999	55
	> 2,00,000	90
18	<= 25,000	20
	25,001 to 50,000	35
	50,001 to 1,99,999	80
	> 2,00,000	110
19	<= 25,000	35
	25,001 to 50,000	55
	50,001 to 1,99,999	110
	> 2,00,000	165
20	<= 25,000	50
	25,001 to 50,000	120
	50,001 to 1,99,999	200
	> 2,00,000	300
21	<= 25,000	90
	25,001 to 50,000	196
	50,001 to 1,99,999	280
	> 2,00,000	390
22	<= 25,000	130
	25,001 to 50,000	272
	50,001 to 1,99,999	360
	> 2,00,000	480
23	<= 25,000	170
	25,001 to 50,000	348
	50,001 to 1,99,999	440
	> 2,00,000	570
24	<= 25,000	210
	25,001 to 50,000	424
	50,001 to 1,99,999	520
	> 2,00,000	660
25	<= 25,000	250
	25,001 to 50,000	500
	50,001 to 1,99,999	600
	> 2,00,000	750
26	<= 25,000	345
	25,001 to 50,000	600
	50,001 to 1,99,999	700
	> 2,00,000	860
27	<= 25,000	440
	25,001 to 50,000	700
	50,001 to 1,99,999	800
	> 2,00,000	970
28	<= 25,000	535
	25,001 to 50,000	800
	50,001 to 1,99,999	900
	> 2,00,000	1080
29	<= 25,000	630
	25,001 to 50,000	900
	50,001 to 1,99,999	1000
	> 2,00,000	1190
30	<= 25,000	725
	25,001 to 50,000	1000
	50,001 to 1,99,999	1100
	> 2,00,000	1300
31	<= 25,000	830
	25,001 to 50,000	1120
	50,001 to 1,99,999	1220
	> 2,00,000	1420
32	<= 25,000	935
	25,001 to 50,000	1240
	50,001 to 1,99,999	1340
	> 2,00,000	1540
33	<= 25,000	1040
	25,001 to 50,000	1360
	50,001 to 1,99,999	1460
	> 2,00,000	1660
34	<= 25,000	1145
	25,001 to 50,000	1480
	50,001 to 1,99,999	1580
	> 2,00,000	1780
35	<= 25,000	1250
	25,001 to 50,000	1600
	50,001 to 1,99,999	1700
	> 2,00,000	1900
36	<= 25,000	1375
	25,001 to 50,000	1700
	50,001 to 1,99,999	1820
	> 2,00,000	2040
37	<= 25,000	1500
	25,001 to 50,000	1800
	50,001 to 1,99,999	1940
	> 2,00,000	2180
38	<= 25,000	1625
	25,001 to 50,000	1900
	50,001 to 1,99,999	2060
	> 2,00,000	2320
39	<= 25,000	1750
	25,001 to 50,000	2000
	50,001 to 1,99,999	2180
	> 2,00,000	2460
40 Years and more	<= 25,000	1875
	25,001 to 50,000	2100
	50,001 to 1,99,999	2300
	> 2,00,000	2600

Maturity Value

So to get to the Maturity Value of LIC Jeevan Mitra (Double Cover) plan, 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 Jeevan Mitra (Double Cover) Policy.

Click to view a video on How to calculate the Maturity Value of your LIC policy.

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You can read more about the plan and it’s working here - LIC Jeevan Jeevan Mitra Review

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Deepak Yohannan
Deepak Yohannan is the CEO of MyInsuranceClub. He enjoys writing on Personal Finance and contributes regularly on sites like Reuters & Moneycontrol. He is a strong proponent of online insurance and is often found pointlessly babbling about it!