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LIC’s Bonus rates for 2015-16 and Comparison

August 26, 2015by Basavaraj Tonagatti

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.

LIC Bonus Rates 2015-16

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.

Category: Insurance PlanningTag: LIC’s bonus rates for 2015-16

About Basavaraj Tonagatti

Basavaraj Tonagatti is the man behind this blog. He is SEBI Registered Investment Adviser who is practicing Fee-Only Financial Planning Process and also an Independent Certified Financial Planner (CFP), engaged in blogging since 7 years. BasuNivesh blog is ranked as one among India's Top 10 Personal Finance Blog. He is not associated with any Financial product/service provider. The purpose of this blog is to "Spread personal finance awareness and make them to take informed financial decisions." Please note that the views given in this Blog/Comments Section/Forum are clarifications meant for reference and guidance of the readers to explore further on the topics/queries raised and take informed decisions. These should not be construed as investment advice or legal opinion."

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Reader Interactions

Comments

  1. ashish badaya

    January 24, 2018 at 12:21 PM

    i have a LIC new bima gold policy, purchased in 2011. annual premium 100000, policy term 20 yrs, sum assured is 2850000 rs
    as per policy, the maturity return will be = total premium paid till term – survival benefits paid + loyalty additions, if any
    How to know how much will be this LA ? nowhere it is mentioned
    i want to know the maturity return amount for this policy

    Reply
    • Basavaraj Tonagatti

      January 24, 2018 at 12:25 PM

      Ashish-The current LA rate declared by LIC for this policy with the term of 12 years is Rs.100 per Rs.1,000.

      Reply
      • ashish badaya

        January 24, 2018 at 12:47 PM

        can u simplify it plz. means with this LA rate, approx how much amount will be added in 20 yrs ?

        Reply
        • Basavaraj Tonagatti

          January 24, 2018 at 1:16 PM

          Ashish-As of now, they have not declared the LA rate for 20 years. Hence, you have to wait.

          Reply
          • ashish badaya

            January 24, 2018 at 1:19 PM

            OK, Rs 100 per 1000 means per 1000 SA or per 1000 of premium amount and is it 100 per 1000 per year ?/

            Reply
            • Basavaraj Tonagatti

              January 24, 2018 at 1:36 PM

              Ashish-It is per Rs.1,000 Sum Assured.

              Reply
              • Ashish badaya

                January 24, 2018 at 2:13 PM

                Per year ??

                Reply
                • Basavaraj Tonagatti

                  January 24, 2018 at 4:58 PM

                  Ashish-It is ONE TIME but not per year.

                  Reply
                  • ashish badaya

                    January 24, 2018 at 5:02 PM

                    so in this policy, this is the only gain at the end of policy term?

                    Reply
                    • Basavaraj Tonagatti

                      January 24, 2018 at 5:06 PM

                      Ashish-Whether you referred the policy document properly?

                    • ashish badaya

                      January 24, 2018 at 5:52 PM

                      im sorry. i had no knowledge while taking this policy 6 yrs back. i`m trying to understand it now. i need your valuable help. as per policy, the maturity return after 20 yrs will be = total premium paid till term – survival benefits already paid + loyalty additions, if any

                      so after excluding the paid premiums amount which u get back, u only get this LA as a earning at maturity ? isnt it true ? any other return in this policy ?

                    • Basavaraj Tonagatti

                      January 24, 2018 at 6:46 PM

                      Ashish-At maturity it is INCLUSIVE of TOTAL premium paid till the end-Survival benefits already paid (money back you receive during policy period)+LA. Hence, this plan only offers LA but no bonus.

  2. Virendra Sharma

    December 29, 2017 at 7:58 PM

    Hi Basu,

    I have following LIC Policies –
    1. Marriage Endowment / Educational Annuity Plan started -Dec 2005 for 21 Year
    , SA= 8 Lacs Annual Premium – Rs 39266

    2. Jeevan Mitra double cover plan, Started Mar 2000 for 18 Yrs
    SA= 1 Lac , Annual Premium = Rs 5012

    3. Jeevan Saral ,Started Mar 2000 for 18 Yrs , started Jan 2013 for 15 Yrs.
    SA= 2,50,000 , Annual Premium = 12030

    4. Jeevan Suraksha 1 (Table No.147) , Stared April 2004 , last premium payment to be on 28-04-2032
    Annual Premium – Rs 9999

    Need you help and Guidance to
    A. Estimated return on my above policies (assuming I survived till policy maturity)
    B. If any of above is bad investment, recommendation for early exit ?

    Thanks in advance.

    Rgds
    Virendra

    Reply
    • Basavaraj Tonagatti

      December 29, 2017 at 10:20 PM

      Virendra-A) Around 5% to 6%.
      B) If you feel the said returns of mine is good, then continue. Else better to exit.

      Reply
      • Virendra Sharma

        January 24, 2018 at 12:37 PM

        Thanks

        Reply
  3. Dheeraj Bharti

    June 20, 2017 at 10:12 PM

    Hello, I’d taken a Policy in which I can only read Endowment in the name. Policy No XXXXXXXX, Half yearly premium of 9767, Commenced Dec 2005, all payments regularly paid. I have the following questions.
    1. Is it better to surrender this or change over to some other, considering other coverage I get from Postal Life Insurance (SUM Assured :10 lakhs, Monthly premium 2750,Covered upto 2037 added to Group Insurance, Cover of Rs 75 lakh, Premium 5000 monthly).
    2. If I do surrender, what’s the likely payout /conversion to child education plan?
    3. Am I Over insured?

    Reply
    • Basavaraj Tonagatti

      June 21, 2017 at 11:27 AM

      Dheeraj-1) Your concern is COVERAGE or INVESTMENT?
      2) Check with nearest LIC branch.
      3) Without knowing your financial life, it is hard to say anything.

      Reply
  4. sreekumar

    March 8, 2017 at 11:43 PM

    Hi basu,
    I had taken a LIC policy ,JEEVAN ANURAG, premium 28000 yearly( paying 14142 half yearly)
    term 20 years,
    comencement : November 2012
    I had taken this policy long before coming across your informative blog. After reading through your article , I have opted for a pure term policy +mutual funds. i have also realised that ,the returns of this policy will be around 6%. Now, can you please inform whats the future course? surrender? paid up? if its surrender, when would be the best time? I have yet to pay the fifth years premium,though the due date is over.

    Reply
    • Basavaraj Tonagatti

      March 9, 2017 at 11:58 AM

      Sreekumar-Your policy is now eligible for surrender. In my view surrender is better (even though it may not give you back sufficient money).

      Reply
      • sreekumar

        March 9, 2017 at 9:38 PM

        thanks for the reply. I forgot to mention that my last premium date should have been november 2016(which i didnt pay,since i was thinking of making it paidup). Please correct me if I am wrong,to be eligible for surrender, should we make payments for 5 years? If so, I would have paid payment only for 4 years.

        Reply
        • Basavaraj Tonagatti

          March 10, 2017 at 11:27 AM

          Sreekumar-In case of Jeevan Saral, if you pay up to 5 years, then the policy term is modified as 5 years. Hence, suggest you to surrender after 5 years good.

          Reply
  5. SPB

    August 31, 2016 at 7:39 PM

    Hi Sir,

    I have a Jeevan Anand (149) plan with SA Rs5,00,000/-. My policy start date was May 2005 and my last payment date (on the LIC website) is shown as May 2034 (since 30 year policy). My accumulated bonus (on the LIC website) is Rs2,31,500. However, the maturity term is May 2084. Kindly help resolve my queries:

    1) Why is there a maturity date of 2084 ?
    2) How much will my family be paid if I die before 2034 ?
    3) How much will my family be paid if I die after 2034 and before 2084 ?
    4) What is the expected Surrender Value, if I surrender the policy now ?
    5) I have a pure-term policy with ICICI for Rs49lac. What is your recommendation ? Should I continue with Jeevan Anand (or) surrender it and invest in long-term mutual funds (as I am already covered by ICICI) ?

    Thanks.
    Sorry for the long list of queries.

    Reply
    • Basavaraj Tonagatti

      September 1, 2016 at 8:09 AM

      SPB-1) They show like this because it is the combination of endowment and whole life.
      2) It is SA+Bonus till that period.
      3) It is SA.
      4) Better you contact the branch for the same.
      5) Recommendation for what? If you feel 5% to 6% the best return for long-term investment of up to 2034, then continue Jeevan Anand. Otherwise, strictly think of surrendering it. Option is in your hand.

      Reply
  6. satish

    August 8, 2016 at 6:09 PM

    Hello,
    I have Jeevan Surabhi policy . Started on Year 2000 Poliy term is 20 yrs and paid for 15 years. COuld you please let me know my maturity amount. With details

    Thanks in advance
    satish

    Reply
    • Basavaraj Tonagatti

      August 8, 2016 at 10:10 PM

      Satish-Check with nearest LIC branch.

      Reply
  7. Nikhil Kulkarni

    June 7, 2016 at 10:07 PM

    Dear Sir

    Now there are loyalty addition upto 14 years declared on Jeevan Saral . There is also benefit illustration available on lic website . Is it possible for you to coordinate them and then comment on expected rate of return.

    It seems that the actual returns are better than 10% illustration… Correlating to 6.75- 7% returns. This is for premium less than 5000 for higher premium returns could be more

    Please check & let me know

    Reply
    • Basavaraj Tonagatti

      June 8, 2016 at 10:02 AM

      Nikhil-Actual returns more than 10%? Can you elaborate of how you arrived at this value? Give me an example of age, premium, MSA and the maturity amount after 14 years. Do calculate the CAGR and let me in what way it is better or equal to 10%.

      Reply
      • Nikhil Kulkarni

        June 8, 2016 at 10:25 AM

        Dear Sir

        Please go through the LIC website for Jeevan Saral benefits illustration , as I am not able to copy paste the table or insert photos in comment.

        As per IRDA guidelines insurance companies can give example using 6% and 10% returns.

        If you check the same it shows Rs.18000 loyalty addition benefit after completing 10 years for 100000 Rs insurance value which translates into Rs 180 loyalty addition per 1000

        Similarly it shows Rs.41000 loyalty addition benefit after completing 15 years which translate into Rs. 410 per thousand.

        I am aware that these are not guaranteed but when you compare them with actual declared amount Rs 275 for 10 years and Rs. 375 for 14 years . The actual declared amounts are higher than illustration. Here also I have taken figures for premium below 5000 as the benefit illustration is of premium value below 5000 .

        In case we consider premium paid above 50000 ( Fifty Thousand) then the figures are much higher…

        Translating this into actual compounded interest is in the range of 6.75 – 7 % . Hence I requested you to kindly check

        Please do reply back. Also let me know how I can send pictures as well as excel sheet

        Regards

        Reply
        • Basavaraj Tonagatti

          June 8, 2016 at 10:51 AM

          Nikhil-Are you judging your expected return from illustration example given in LIC portal? It shows how the plan works. But it never guarantees that you receive either 6% or 10%. Please provide me the term, premium, MSA and the LA rate you considered to calculate the maturity amount.

          Reply
          • Nikhil Kulkarni

            June 8, 2016 at 8:36 PM

            Dear Sir

            I am trying to correlate the LIC chart values v/s actual returns and pleasantly surprised to see the actual returns are better than highest projected returns.

            It actually means LIC Jeevan Saral has potential to provide much higher returns than most of the policies. Probably equal or more than old Jeevan Shree which had guaranteed returns of 75 per thousand for all years .

            Requesting your valuable opinion on the same

            Regards

            Nikhil

            Reply
            • Basavaraj Tonagatti

              June 8, 2016 at 9:02 PM

              Nikhil-Don’t through arrows at AIR. Give me an example like the insured age, term of plan, premium, MSA and LA you considered for calculation. Then show me how your claim of more than 10% is TRUE.

              Reply
              • Nikhil Kulkarni

                June 8, 2016 at 9:42 PM

                Dear Sir

                Following are the details

                Age of entry 35 years

                Policy term 25 years

                Mode of premium Yearly

                Amount of premium 4704

                LA 98000

                At the end of 10 years guarantee returns 43360

                Variable returns (non guarantee) @ 6% 7000

                Variable returns (non guarantee) @ 10% 18000

                It is the example mentioned on LIC website

                Do you need any further details

                In case you tell me how to insert pictures or excel sheet I can provide it in more systematic way. In case I can’t insert these things then you can check this example on LIC website by Googling jeevan Saral benefit illustration

                Writing only can lead to miscommunication and misunderstanding.

                Regards

                Nikhil

                Reply
                • Basavaraj Tonagatti

                  June 8, 2016 at 9:45 PM

                  Nikhil-The problem for you is that you dont know the difference between ILLUSTRATIVE example to actual returns… What more can I say?? It is illustrative example but not real one. I need the details of policyholder of whom you are claiming that returns will be more than 10%.

                  Reply
  8. kumar

    March 22, 2016 at 3:06 PM

    please tell me how’s % bonus on jeevan labh policy

    Reply
    • Basavaraj Tonagatti

      March 22, 2016 at 6:45 PM

      Kumar-It is new plan. So bonus is not yet declared.

      Reply
  9. RiteshM

    March 14, 2016 at 11:21 AM

    Hi Sir,

    I am also trapped in one LIC money back policy as is the case with millions of Indians.

    The Policy term is 25 Years. S.A. is Rs. 1,00,000/- Premium is Rs. 5,413/- P.A.

    I have paid the premium for 9 years. (Hence, my investment is Rs. 48,717/- ). Premium for 10th year is due.

    I received 15% of S.A. in 2012 ie rs. 15,000/- as survival benefits.

    I am confused as to should I continue it further or surrender it right now. I checked at LIC website. However, I couldn’t find anything about Surrender Value calculation. Policy document also does not contain anything about surrender value factor calculation or table. I am interested to know approx. how much amount I will be able to get back.

    Pls. help

    Thanks

    Reply
    • Ani

      July 3, 2017 at 11:55 PM

      Hi Ritesh,
      You will get the surrender value approx as ( 25% of SA + PAID Amount)

      Reply
  10. Kirit

    January 20, 2016 at 6:01 PM

    Dear Sir,

    while trying to surrender my Jeevan Saral policy the agent explained me a logic that the this plan has recently completed 10 years so it is better to wait for few more years to get full benefit (more Loyalty Additions) from this policy.

    Is this a valid reason?

    Reply
    • Basavaraj Tonagatti

      January 20, 2016 at 10:12 PM

      Kirit-More LA also not fetch you more than 7% return. Stay away and close at the earliest.

      Reply
  11. KASHYAP SONI

    January 7, 2016 at 7:53 PM

    IS PVT INSURER (MAXLIFE)’S BONUS RATE UNDER ENDOMENT TYPE PLAN GREATER THAN LIC’S ENDOWMWNTS ? HOW COULD I GET BONUS CHART OF MAXLIFE?

    Reply
    • Basavaraj Tonagatti

      January 7, 2016 at 8:28 PM

      Kashyap-In my view it is less than LIC’s bonus trend. Check with the concerned insurance company.

      Reply
  12. Atul Kumar

    December 3, 2015 at 10:06 AM

    Hi,

    When LIC credits the bonus in the user’s account? I am checking it after logging on LIC portal. But it’s not showing credited for this year.

    Thanks,

    Reply
    • Basavaraj Tonagatti

      December 3, 2015 at 12:00 PM

      Atul-It will not credit to your bank account. But it declares the accumulated bonus for each of your policies. It will reflect only after 3 years completion of your policy.

      Reply
      • Atul Kumar

        December 21, 2015 at 1:14 PM

        Thanks for your reply.
        I am not checking in the Bank Account but checking on LIC Portal. For the earlier years, I can see the Vested Bonus amount. But for the last year, I can’t see any amount credited.
        So my query was related to that when LIC credits the bonus amount?

        Thanks Again

        Reply
        • Basavaraj Tonagatti

          December 21, 2015 at 6:27 PM

          Atul-I am not sure when they update.

          Reply
  13. masood eqbal

    November 12, 2015 at 3:41 PM

    sir,I’ve earlier contacted u for some clarifications regarding some other plans.Now,I want to know that I’ve taken jivan saral in 4/2010 with a monthly premium of 1020/. Hence now 5 years has been passed,going by the very poor loyality addition,as the policy has of 16 years maturity,I’ve decided to surrender it.But the LIC is only paying me 50,000/ surrender value.My deposited amount in it 68340/.so,I m in confusion,whether to go for partial surrender and keep running the policy for 250/ per month.Then what will b the accumulated amount ,Lic will return me the partial surrender amount or they will it on return on maturity.whether to continue the policy for another 4 years,then surrender it with whatever I will get loyality addition.Please advice,Thanking u.

    Reply
    • Basavaraj Tonagatti

      November 13, 2015 at 1:13 PM

      Masood-In my view it is better to surrender and invest the same in some other pdoucts.

      Reply
      • masood eqbal

        November 13, 2015 at 3:10 PM

        it’s full srrender or partial surrender,because i need the surrendersd value 4 years later to cater my son higher education,who will b at that time should pass class 10.

        Reply
        • Basavaraj Tonagatti

          November 13, 2015 at 5:38 PM

          Masood-It is full surrender, there is no such concept called as partial surrender.

          Reply
  14. V Singh

    October 29, 2015 at 4:46 PM

    Sir, I had taken Jeevan Shree II (162) in 2008 with SA 5,00,000 and Policy Term of 25 and premium paying term 16 Years, Please suggest what will be return should i continue or exit. If possible can you please tell me approximate amount i will get at end of maturity.
    Thanks a lot sir.

    Reply
    • Basavaraj Tonagatti

      October 30, 2015 at 7:39 AM

      V Singh-Returns may be around 5% to 6%. If you feel this is good, then continue. Otherwise think seriously.

      Reply
  15. hossain

    September 14, 2015 at 9:32 PM

    sir,

    Respected sir i have a jeevan saral 165 plan of mtly premium 2042 from dt 5th sep 2012 for 16 year policy term. so what amount of maturity value l will recieved after 16 year term complite on 2028. please please tell me.

    Reply
    • Basavaraj Tonagatti

      September 15, 2015 at 11:15 AM

      Hossain-Considering the current LA rate, you can expect around 5% return.

      Reply
  16. Ravi

    September 10, 2015 at 8:42 PM

    Hi Raj, Thanks for the article. Out of ignorance I opted for Jeevan Saral in 2013 with an Annual premium of 36,030 for maturity of 35 years with a sum assured of 7,50,000. Later I came to know that Term insurance would be a better option of insuring the life with less premium. And i also came to know that the rate of return would be merely 5-6%, just the return what you get from Savings Account (Yes Bank). Please let me know whether to continue with the policy ( as i paid for 3 years till now – 1,08,090) or to exit. If to continue please also let me know at what point should i exit the policy. Thanks in advance for your answer. Have a great day

    Reply
    • Basavaraj Tonagatti

      September 11, 2015 at 7:28 AM

      Ravi-Better to continue for another two years (complete 5 years) and then exit from this plan.

      Reply
      • Ravi

        September 12, 2015 at 12:32 AM

        Raj – thanks for your response and for valuable suggestion. By the end of 5 years I would be paying 1,80,150. If I exit at that point how much will be my Surrender Value on an average I will get. Thanks in advance

        Reply
        • Basavaraj Tonagatti

          September 12, 2015 at 12:33 PM

          RAvi-I can’t say the surrender value. It is based on calculation for which I don’t have your data. Hence, the simple way is to contact LIC branch for the same.

          Reply
  17. Ramesh Chandra

    September 8, 2015 at 5:47 PM

    Dear, I am having policy JEEVAN SARAL of LIC since last three year. premium amount is 35500 p.a.
    My question is it worth to keep it continue or not. what will be approx. return , I am going to get at the end of 16 years.
    Pls suggest

    Reply
    • Basavaraj Tonagatti

      September 8, 2015 at 6:19 PM

      Ramesh-If you feel the return of 5% to 6% is good then continue. Otherwise just think of coming out seriously.

      Reply
  18. Ketan

    September 2, 2015 at 3:33 PM

    Dear Basu, I have invested in LIC Money Plus Growth policy (180) in 2007 to 2013 … is it worth to continue or close this.

    Thanks

    ketan

    Reply
    • Basavaraj Tonagatti

      September 3, 2015 at 11:42 AM

      Ketan-Expenses are high. Better to close.

      Reply
      • R J SARMA

        September 4, 2015 at 6:39 PM

        Dear Basu,Please provide the loyalty addition details,particularly that of Jeevan Shree,old one plan 112.
        My email id drrjsarma@gmail.com

        Reply
        • Basavaraj Tonagatti

          September 5, 2015 at 7:59 AM

          Sarma-LA rates not yet available with me.

          Reply
      • R J SARMA

        September 4, 2015 at 6:46 PM

        If not available please give me at least the loyalty addition details for 2014-15,Thanks

        Reply
        • Basavaraj Tonagatti

          September 5, 2015 at 7:58 AM

          Sarma-Please go through my earlier post “LIC’s Bonus rates for 2014-15 and Comparison“.

          Reply
          • R J SARMA

            September 7, 2015 at 12:17 AM

            Dear Basu,Thanks for the reply,But even in your older post the LA for JeevanShree not given,can you please share the LA details,email drrjsarma@gmail.com

            Reply
            • Basavaraj Tonagatti

              September 7, 2015 at 12:03 PM

              Sarma-sorry, Jeevan Shree not eligible for LA but only for Bonus.

              Reply
  19. BHARAT HEMNANI

    September 1, 2015 at 7:59 PM

    PLEASE GIVE jeevam saral LOY ADDITION DETAILS

    Reply
    • Basavaraj Tonagatti

      September 2, 2015 at 6:59 AM

      Bharat-Please wait, I update the same when I get that information.

      Reply
  20. Nagesh

    September 1, 2015 at 9:11 AM

    Can you tell me the bonus for jeevan Tarun. It is missed from this list. Thanks.

    Reply
    • Basavaraj Tonagatti

      September 1, 2015 at 11:06 AM

      Nagesh-It is recently launched plan (which even not completed a year). Hence, no bonus declaration for this.

      Reply
  21. Rakesh

    August 31, 2015 at 4:18 PM

    Non-Disclosure: Section 45 of the Insurance Act, 1938: what it means

    Reply
    • Basavaraj Tonagatti

      August 31, 2015 at 5:26 PM

      Rakesh-Let me write a post on this.

      Reply
  22. MUNNI NATH

    August 30, 2015 at 5:05 PM

    Sir digilocker me registard ka rule batao hindi me plz

    Reply
    • Basavaraj Tonagatti

      August 30, 2015 at 5:25 PM

      Munni-It is explained in my post and also lot of reference available in internet. I can’t explain all details in comment section.

      Reply
  23. yusuf khan

    August 28, 2015 at 12:02 PM

    Hi.
    Please tell me . The 5 new rule of insurance launch by IRDA on 31,march-015 is applicable on my exiting policy . That is essued in 2012.
    please tell me i am confused.
    Thank you.
    yusuf khan

    Reply
    • Basavaraj Tonagatti

      August 28, 2015 at 1:22 PM

      Yusuf-Can you clarify about which rule?

      Reply
  24. RiteshM

    August 28, 2015 at 11:02 AM

    Wonder how the most “Safe and Secured” insurance giant in India keeps same bonus rates for years. Does LIC really manages people’s hard earned savings? Or it destroys their wealth?

    CAGR on most of their widely propagated plans works out to be less than 4%. With this pathetic rate, how an average investor is going to secure his future when retail inflation is more than 8%?

    A worried investor who was also a blind follower of LIC till some months ago.

    Thanks.

    Reply
    • Basavaraj Tonagatti

      August 28, 2015 at 1:30 PM

      Ritesh-First culprit in this endowment plan is the expenses. These endowment or traditional plans are most dangerous than ULIPs. Second, LIC always act like a scapegoat to Govt’s disinvestment policy. The recent one is 86% of buying in Indian Oil.

      Reply
  25. Raghav

    August 27, 2015 at 10:55 AM

    Can you let me know the bonus rates for Jeevan Tarang??

    Reply
    • Basavaraj Tonagatti

      August 27, 2015 at 11:09 AM

      Raghav-It is Rs.47, Rs.48 and Rs.49 for 10 years, 15 years and 20 years term of policies respectively.

      Reply
  26. Dinesh Yadav

    August 26, 2015 at 10:16 PM

    Hi Basu,

    Can you please provide the bonus rates for Jeevan Saral as well. Also, if possible please share a example to calculate the maturity amount as well for same.

    Reply
    • Basavaraj Tonagatti

      August 27, 2015 at 9:28 AM

      Dinesh-Jeevan Saral not offers bonus but it is LA. As of now, I don’t have that data. Once, I get then I will publish it.

      Reply
      • Dinesh Yadav

        January 15, 2016 at 4:13 AM

        Hi Basu,

        Did by any chance have the access to Jeevan Saral LA for 2015-16

        Reply
        • Basavaraj Tonagatti

          January 15, 2016 at 11:54 AM

          Dinesh-It is yet to be declared. I update once I get information.

          Reply
  27. ram

    August 26, 2015 at 6:45 PM

    Hi Sir,

    I took Jeevan Anand (old) policy in 2009 Sep..SA is 500000..can you please explain how they calculated the bonus for this? I know the actual bonus available form the LIC web site..but would like to see how they calculated..it will be useful to others as well..

    Thanks,
    Ram.

    Reply
    • Basavaraj Tonagatti

      August 26, 2015 at 6:57 PM

      Ram-Bonus for Jeevan Anand will be per Rs.1,000 Sum Assured. Let us say for example, LIC declared Rs.50 as a bonus then for Rs.5,00,000 it will be (Rs.50*Rs.5,00,000)/Rs.1,000=Rs.25,000. This will be for a year. Like this, they will declare and go on add up to your policy period and finally (at maturity or at death) they pay with you along with sum assured.

      Reply
      • Anish

        August 26, 2015 at 7:28 PM

        Thanks for explaining this Basavaraj..

        So if had a 20 year policy say money back plan 75 and in 2014 the bonus is showing as 35000 and If SA is 300000 then in 2015 my bonus will be (39*300000)/1000 +35000 = 46700. Is this how bonus gets incremented year by year ?

        Reply
        • Basavaraj Tonagatti

          August 27, 2015 at 9:30 AM

          Anish-Yes. But this Rs.46,700 will not earn a single rupee of interest up to your maturity. They keep it like that and simple add yearly bonus.

          Reply
          • Anish

            August 27, 2015 at 11:30 AM

            Excellent Basavaraj.. thanks for explaining ..I was wondering for sometime, how this works

            Reply
          • PJ

            August 27, 2015 at 6:10 PM

            Hi, i have a policy Jeevan Shree 1(162) for 500000/- SA since 2004 Prmium paying 16, Maturity term is 25. as per your calculations my bonus needs to be more than 200000/- but it is showing it as 101000/- only. have i calculated it wrong or something went wrong?

            Reply
            • Basavaraj Tonagatti

              August 27, 2015 at 6:45 PM

              PJ-How you calculated?

              Reply
              • PJ

                August 27, 2015 at 8:24 PM

                Since 2008 the average for this policy is 50 per 1000/- based on your calculation(Rs.50*Rs.5,00,000)/Rs.1,000=Rs.25,000) it is 25000/- per year and its just parked without earning anymore bonus on bonus. so for last 7 years(since 2008) its summed up to 7*25000=175000/- . but i have the policy since 2004 so i thought they would have given around the same 50 per 1000.for the years 2005 to 2007, 3 years i put 75000/- , so it should be around 250000/- right? but i am seeing 101000/- only in my account. Is there something very wrong in my calculation? or how should i be calculating?

                Reply
                • Basavaraj Tonagatti

                  August 28, 2015 at 9:59 AM

                  PJ-Something is missed in your data of policy details. Please check, if they are same of what you shared with me, then contact the branch.

                  Reply
      • Ram

        August 27, 2015 at 1:36 PM

        Does bonus calculates for a Financial year or Calendar year?

        Reply

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