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SBI Life Scholar Plan Bonus Rates. Calculate returns & Maturity Value
SBI Life Scholar Plan Bonus Rates. Calculate returns & Maturity Value
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Bonus rates for SBI Life Scholar Plan

The table below shows the Bonus rates declared for SBI Life Scholar Policy from inception. You can use this to calculate the SBI Life Scholar 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 Scholar (Single Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 4.00%
17-21 4.00%
2018 6-11 Run Off
12-16 3.75%
17-21 3.75%
2017 6-11 3.25%
12-16 3.25%
17-21 3.25%
2016 6-11 3.25%
12-16 3.25%
17-21 3.25%
2015 6-11 3.25%
12-16 3.25%
17-21 3.25%
2014 6-11 3.25%
12-16 3.25%
17-21 3.25%
2013 6-11 3.25%
12-16 3.25%
17-21 3.25%
2012 6-11 3.25%
12-16 3.25%
17-21 3.25%
2011 6-11 3.25%
12-16 3.25%
17-21 3.25%

Simple Reversionary Bonus for SBI Life Scholar (Regular Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 3.50%
17-21 3.50%
2018 6-11 Run Off
12-16 3.25%
17-21 3.25%
2017 6-11 3.00%
12-16 3.00%
17-21 3.00%
2016 6-11 2.75%
12-16 2.75%
17-21 2.75%
2015 6-11 2.75%
12-16 2.75%
17-21 2.75%
2014 6-11 2.75%
12-16 2.75%
17-21 2.75%
2013 6-11 2.75%
12-16 2.75%
17-21 2.75%
2012 6-11 2.75%
12-16 2.50%
17-21 2.50%
2011 6-11 2.75%
12-16 2.50%
17-21 2.50%

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 Scholar (Single Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 30.00%
17-21 30.00%
2018 6-11 Run Off
12-16 30.00%
17-21 30.00%
2017 6-11 40.00%
12-16 40.00%
2016 6-11 40.00%
12-16 40.00%
2015 6-11 12.00%
12-16 12.00%
2014 6-11 10.00%
12-16 10.00%
2013 6-11 7.50%
12-16 7.50%
2012 6-11 5.00%
2011 6-11 5.00%

Terminal Bonus for SBI Life Scholar (Regular Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 30.00%
17-21 30.00%
2018 6-11 Run Off
12-16 30.00%
17-21 30.00%
2017 6-11 30.00%
12-16 30.00%
2016 6-11 30.00%
12-16 30.00%
2015 6-11 12.00%
12-16 12.00%
2014 6-11 10.00%
12-16 10.00%
2013 6-11 7.50%
12-16 7.50%
2012 6-11 5.00%
2011 6-11 5.00%


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 Scholar (Single Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 3.75%
17-21 3.75%
2018 6-11 Run Off
12-16 3.75%
17-21 3.75%
2017 6-11 3.25%
12-16 3.25%
17-21 3.25%
2016 6-11 3.25%
12-16 3.25%
17-21 3.25%
2015 6-11 3.25%
12-16 3.25%
17-21 3.25%
2014 6-11 3.25%
12-16 3.25%
17-21 3.25%
2013 6-11 3.25%
12-16 3.25%
17-21 3.25%
2012 6-11 3.25%
12-16 3.25%
17-21 3.25%
2011 6-11 3.25%
12-16 3.25%
17-21 3.25%

Interim Bonus for SBI Life Scholar (Regular Premium) Plan
 
Year Policy Term (in years) Bonus Rate
2019 6-11 Run Off
12-16 3.50%
17-21 3.50%
2018 6-11 Run Off
12-16 3.25%
17-21 3.25%
2017 6-11 3.00%
12-16 3.00%
17-21 3.00%
2016 6-11 2.75%
12-16 2.75%
17-21 2.75%
2015 6-11 2.75%
12-16 2.75%
17-21 2.75%
2014 6-11 2.75%
12-16 2.75%
17-21 2.75%
2013 6-11 2.75%
12-16 2.75%
17-21 2.75%
2012 6-11 2.75%
12-16 2.50%
17-21 2.50%
2011 6-11 2.75%
12-16 2.50%
17-21 2.50%


Note: Reversionary and Interim Bonus Rates are a percentage of Sum Assured.

Maturity Value
So to get to the SBI Life Scholar 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 Scholar Policy. 

Please contact the SBI Life office for exact details of the bonus which has accrued in your plan.
 
 
 

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