LIC declared its bonus rates on 1st September 2014. As is expected lot of rates are unchanged and maintained the same flow of Jeevan Saral LA rates.
Below is the overall comparison ofLIC bonus ratessince 2008 to present.
You may notice that Bonus also declared for new plans such asNew Jeevan Anand. However, there is no difference at all from old to new plans. Therefore, it is clear that this change was only to match withIRDA regulations. I marked with red colour for the bonus rates of new plans.
Below is the LA rate forthe Jeevan Saral Plan.
You notice that LA changed to an old LA rate for premium ranges of Rs.20, 001 to Rs.50, 000 and above Rs.50, 000. I marked with red colour where they changed the LA from the old rates.
Note-The above bonus rates will be applicable for policy entered upon during the inter valuation period, i.e. 01/04/2013 to 31/03/2014 and in force for full sum assured as on 31/03/2014. It would apply to policies resulting in claims by death or maturity (including those discontinued within one year of maturity) or surrendered on or after 01/01/2015.