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LIC Jeevan Lakshya Plan - 833 Bonus Rates. Calculate returns & Maturity Value
LIC Jeevan Lakshya Plan - 833 Bonus Rates. Calculate returns & Maturity Value
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Bonus rates for LIC Jeevan Lakshya Plan - Table No. 833

The table below shows the Bonus rates declared for LIC Jeevan Lakshya Plan - 833 Policy from inception. You can use this to calculate the LIC Jeevan Lakshya Plan - 833 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
2017-2018 13 to 15 41
16 to 20 45
> 20 49
2016-2017 13 to 15 41
16 to 20 45
> 20 49
1st September, 2016 Special Diamond Jubilee Bonus - Details as below
2015-2016 13 to 15 41
16 to  20 45
> 20 49
2014-2015 13 to 15 41
16 to 20 45
> 20 49


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 Lakshya Plan are as shown below.
 

Policy Start Date Bonus Rate
Apr 2011 to March 2016 5


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. We do not have any information on a Final Addition Bonus being declared in this plan.
 

Maturity Value

So to get to the LIC Jeevan Lakshya Plan - 833, 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 Lakshya Policy-833. 

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 Lakshya Plan - 833 Review
 

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