LIC’s bonus rates for 2015-16 declared recently (August, 2015). LIC’s announced the bonus rates for all it’s traditional plans for the year 2015-16. This is usually announced by it’s actuarial department based on the valuations.
You note that your LIC policy return mainly depends on LIC bonus rates. Hence, it is very much important to track these rates. LIC will update the same data bit lately.
Below is the exhaustive list of LIC’s bonus rates for 2015-16 and a comparison of bonus chart since 2008 to 2015.
When you notice LIC’s bonus rates for 2015-16, there are no such major changes. I highlighted with red colour wherever they changed bonus rates. This time LIC declared the bonus rates for the few.
It is hard to believe that LIC maintaining the same bonus rates since long. The supporters of LIC claim that it is one of the best money managing company of it’s investors. But when you look at bonus rates, it is just following of last year bonus rates.
I will soon update the Loyalty Addition and Final Additional Bonus Charts.