LIC’s Bonus rates for 2014-2015, have been declared on 1st Sep,2014. Every year LIC declares bonus rates on all its Products.
Most of us may hold atleast one LIC policy. Especially, traditional policies like Money back,Endowment polices, Jeevan Anand etc.,
It is very important to track the bonus rates for the plans you hold. The returns on these plans are mostly dependent on the bonus rates declared by LIC.
For most of the plans,LIC has kept the same bonus rates when compared to last year’s.
LIC Reversionary Bonus rates – 2014/15 (for some of the popular plans):
How to read the below table? How to calculate the bonus amount for my life insurance policy?
In the below table, on “ New Jeevan Anand” 15 years plan – LIC has declared Rs 40 per Rs 1000 Sum Assured. If you had bought a similar plan for a Sum Assured of Rs 2,00,000 then the bonus amount on your policy would be Rs 8,000 ((SA/1000)*40). Like this, every year LIC declares bonus rates. The rates may vary. Remember, these bonus amounts are not paid to you immediately. They are accrued and paid on maturity or claim.
LIC Final Additional Bonus rates – 2014/15
Like Reversionary Bonus, LIC also declares Final Additional Bonus (FAB) rates every year. Generally, FAB is paid to those polices which have a minimum tenure of 15 years. FAB is a one time payment.
( You may like visiting my post on – “How to get rid off bad insurance?“)
(Read my article on “List of all LIC plans launched in 2014-2015 : Review, Features & Snapshot of all the plans.”)
Latest update : LIC Bonus Rates for 2016-17
(Post published on : 03-September-2014)