Bonus rates for LIC Bima Nivesh 2005 - Table No.171The table below shows the Bonus rates declared for LIC Bima NIvesh 2005 Policy from inception. You can use this to calculate the LIC Bima Nivesh plan 171 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
This is a bonus which is declared at the end of every financial year. We do not have any information on a Final Addition Bonus being declared in this plan.
Simple Reversionary Bonus
|1st September, 2016||Special Diamond Jubilee Bonus - Details as below|
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 Whole Life Policy-2 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|
Loyalty Addition Bonus For LIC Bima Nivesh 2005 Policy
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||Elapsed Term/Year||Bonus Rate per 1000 sum assured|
Maturity ValueSo to get to the LIC Bima Nivesh 2005, 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 Whole Life Policy-2.
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 Bima Nivesh 2005 Review