Bonus rates for LIC Endowment Assurance - Table No. 14 The table below sho...
Bonus rates for LIC Jeevan Pragati Plan - Table No. 838The table below shows the Bonus rates declared for LIC Jeevan Pragati Plan-838 Policy from inception. You can use this to calculate the LIC Jeevan Pragati Plan-838 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||37|
|16 to 20||41|
|2015-2016||12 to 15||37|
|16 to 20||40|
|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 Pragati Plan are as shown below.
|Policy Start Date||Bonus Rate|
|Apr 2011 to March 2016||5|
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.
Final Addition Bonus
Maturity ValueSo to get to the LIC Jeevan Pragati Plan-838, 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 Pragati Policy-838.
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 Jeevan Pragati Plan-838 Review