This article covers list of all the bonus rates declared for LIC Bima Nivesh 2005 Plan from inception till 2020-2021. LIC declares bonus for it’s participating policies every year. Let’s explore this in detail.
| Plan Name | LIC Bima Nivesh 2005 Plan |
| Table No | 171 |
| Types of Bonus Declared | Loyalty Addition, Diamond Jubilee Bonus |
List of Topic Covered
SRB for LIC Bima Nivesh 2005 Policy
It is declared as per 1000 Sum Assured and can be calculated as ( Bonus Rate X Sum Assured ) / 1000
There is no FAB declared in this plan.
Loyalty Additions in LIC Bima Nivesh 2005 Policy
Loyalty additions is paid for being loyal with the company. It is paid at the time of death, surrender or maturity. It is paid as per 1000 Sum Assured.
| Valuation Year | Term / Elapsed Duration (year) | Bonus Rate (Per 1000 Sum Assured) |
| 2008-2009 | 5 | 30 |
| 2009-2010 | 5 | 70 |
| 2010-2011 | 5 | 70 |
Diamond Jubilee Bonus for LIC Bima Nivesh 2005
LIC Declared this bonus on it’s founding day. It’s a one time bonus with some eligibility conditions. The prime condition is the plan should be active as on 1st Sep, 2016 also all the premiums should be paid till 1st Sep, 2016. LIC declared this as per 1000 Sum Assured and can be calculated as,
( Bonus Rate X Sum Assured ) / 1000
Diamond Jubilee Bonus Rates are listed below.
| Policy Start Date | Bonus Rate (Per 1000 Sum Assured) |
| April 2011 to March 2016 | 5 |
| April 2006 to March 2011 | 10 |
| April 2001 to March 2006 | 15 |
LIC Bima Nivesh 2005 Maturity Calculation
So you will get your maturity value by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus (If any) + Loyalty Additions (If any)
LIC Bima Nivesh 2005 Bonus Rates FAQs
SRB is simple reversionary bonus which is declared as per 1000 Sum Assured and can be calculated as ( Bonus Rate X Sum Assured ) / 1000. LIC declares bonus rates for it’s participating policies every year.
LIC Declared this bonus on it’s founding day. It’s a one time bonus. LIC declares this as per 1000 Sum Assured and can be calculated as, ( Bonus Rate X Sum Assured ) / 1000
It’s a one time bonus that LIC pays at the time of maturity, death or surrender. LIC declared this as per 1000 Sum Assured and can be calculated as,
( Bonus Rate X Sum Assured ) / 1000
Bonuses are only paid at the time of death claim, maturity claim or on surrender of the policy. Only participating policies are eligible for bonus.
LIC Maturity value is calculated by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus
This covers the bonus rate in the LIC Bima Nivesh 2005 policy. Please comment if you need any further information on this.