Bonus rates for LIC Jeevan Pramukh Plan - Table No. 167
The table below shows the Bonus rates declared for LIC Jeevan Pramukh Policy from inception. You can use this to calculate the LIC Jeevan Pramukh Plan Maturity Value. The vested simple reversionary bonus or interim 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 or Interim Bonus
|
Financial Year |
Policy Term (Years) | Bonus Rate |
|---|---|---|
| 2018-2019 | 10 | 49 |
| 15 | 50 | |
| 20 | 53 | |
| 25 | 57 | |
| 2017-2018 | 10 | 49 |
| 15 | 50 | |
| 20 | 53 | |
| 25 | 57 | |
| 2016-2017 | 10 | 49 |
| 15 | 50 | |
| 20 | 53 | |
| 25 | 57 | |
| 2015-2016 | 10 | 49 |
| 15 | 50 | |
| 20 | 53 | |
| 25 | 57 | |
| 2014-2015 | 10 | 47 |
| 15 | 48 | |
| 20 | 51 | |
| 25 | 55 | |
| 2013-2014 | 10 | 45 |
| 15 | 46 | |
| 20 | 49 | |
| 25 | 53 | |
| 2012-2013 | 10 | 45 |
| 15 | 46 | |
| 20 | 49 | |
| 25 | 53 | |
| 2011-2012 | 10 | 44 |
| 15 | 44 | |
| 20 | 48 | |
| 25 | 52 | |
| 2010-2011 | 10 | 44 |
| 15 | 44 | |
| 20 | 48 | |
| 25 | 52 | |
| 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 | |
| 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 Pramukh 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 |
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 Maturity Value of LIC Jeevan Pramukh 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 Pramukh 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 Pramukh Review
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