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LIC Jeevan Shree I Policy-162 Bonus Rates. Calculate returns & Maturity Value
LIC Jeevan Shree I Policy-162 Bonus Rates. Calculate returns & Maturity Value
May 28, 2018 | 4778 VIEWS

Bonus rates for LIC Jeevan Shree I - Table No. 162

The table below shows the Bonus rates declared for LIC Jeevan Shree I - 162 from inception. You can use this to calculate the LIC Jeevan Shree I - 162 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 (in years) Bonus Rate
2016-2017 10 45
15 46
20 49
25 53
2015-2016 10 45
15 46
20 49
25 53
2014-2015 10 44
15 45
20 48
25 52
2013-2014 10 43
15 44
20 47
25 51
2012-2013 10 43
15 44
20 47
25 51
2011-2012 10 42
15 42
20 46
25 50
2010-2011 10 42
15 42
20 46
25 50
2009-2010 10 40
15 40
20 44
25 48
2008-2009 10 40
15 40
20 44
25 48
2007-2008 10 40
15 40
20 44
25 48
2006-2007 10 40
15 40
20 44
25 48
1st September, 2016 Special Diamond Jubilee Bonus - Details as below


1st September is the Founding Day of 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 Shree I - 162 are as shown below.
One-time Diamond Jubilee Bonus
 

Policy Start Date Bonus Rate
April 2011 to March 2016 5
April 2006 to March 2011 10
April 2001 to March 2006 15

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.

 

Maturity Value

So to get to the LIC Jeevan Shree I - 162, 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 Shree I Policy - 162 

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 Shree I Policy - 162 Review 

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!

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