Bonus rates for SBI Life Sanjeevan Plan
The table below shows the Bonus rates declared for SBI Life Sanjeevan Policy from inception. You can use this to calculate the SBI Life Sanjeevan Plan Maturity Value. The vested bonus rates are percentage of 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 x Bonus Rate) = (5,00,000 x Bonus Rate)
Simple Reversionary Bonus for SBI Life Sanjeevan (Single Premium) Plan
| Year | Policy Term (in years) | Bonus Rate |
| 2019 | 20 (Plan 1) | 1.50% |
| 15 (Plan 2) | 1.50% | |
| 10 (Plan 3) | Run Off | |
| 2018 | 20 (Plan 1) | 1.50% |
| 15 (Plan 2) | 1.50% | |
| 10 (Plan 3) | Run Off | |
| 2017 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2016 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2015 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2014 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | 1.25% | |
| 2013 | 20 (Plan-1) | 1.25% |
| 15 (Plan-2) | 1.25% | |
| 10 (Plan-3) | 1.25% | |
| 2012 | 20 (Plan-1) | 1.25% |
| 15 (Plan-2) | 1.25% | |
| 10 (Plan-3) | 1.25% | |
| 2011 | All | 1.25% |
Terminal Bonus
Terminal bonus is one time bonus which is payable at maturity. Terminal Bonus is a percentage of the total amount of bonuses allocated including Simple Reversionary, Interim and Special bonuses, if any.
Terminal Bonus for SBI Life Sanjeevan (Single Premium) Plan
| Year | Policy Term (in years) | Bonus Rate |
| 2019 | 15 (Plan 2) | 30.00% |
| 10 (Plan 3) | Run Off | |
| 2018 | 15 (Plan 2) | 30.00% |
| 10 (Plan 3) | Run Off | |
| 2017 | 15 (Plan 2) | 40.00% |
| 10 (Plan 3) | Run Off | |
| 2016 | 15 (Plan 2) | 40.00% |
| 10 (Plan 3) | Run Off | |
| 2015 | 15 (Plan 2) | 12.00% |
| 10 (Plan 3) | Run Off | |
| 2014 | 10 (Plan 3) | 10.00% |
| 2013 | 10 (Plan 3) | 7.50% |
| 2012 | 10 (Plan 3) | 5% |
| 2011 | All | 5% |
Interim Bonus
If policy matures or death occurs before the end of the financial year or between the two successive bonus declaration dates, then the interim bonus is payable.
Interim Bonus for SBI Life Sanjeevan (Single Premium) Plan
| Year | Policy Term (in years) | Bonus Rate |
| 2019 | 20 (Plan 1) | 1.50% |
| 15 (Plan 2) | 1.50% | |
| 10 (Plan 3) | Run Off | |
| 2018 | 20 (Plan 1) | 1.50% |
| 15 (Plan 2) | 1.50% | |
| 10 (Plan 3) | Run Off | |
| 2017 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2016 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2015 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | Run Off | |
| 2014 | 20 (Plan 1) | 1.25% |
| 15 (Plan 2) | 1.25% | |
| 10 (Plan 3) | 1.25% | |
| 2013 | 20 (Plan-1) | 1.25% |
| 15 (Plan-2) | 1.25% | |
| 10 (Plan-3) | 1.25% | |
| 2012 | 20 (Plan-1) | 1.25% |
| 15 (Plan-2) | 1.25% | |
| 10 (Plan-3) | 1.25% | |
| 2011 | All | 1.25% |
Note: Reversionary and Interim Bonus Rates are a percentage of Sum Assured.
Maturity Value
So to get to the SBI Life Sanjeevan Plan, you have to add all of the following - Sum Assured + Accrued bonus + Any special bonus + Terminal 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 SBI Life Sanjeevan Policy.
Please contact the SBI Life office for exact details of the bonus which has accrued in your plan.
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