** – (14,17,27 – after conversion, 28 – after conversion,34,39,40,41,42,50,54,79,80,81,84,87,90,91,92,95,101,102,103,109,110 & 121)
*** – (2,5,6,8,10,28 – before conversion,35,36,37,38,49,77,78,85 & 86)
LIC Bonus Rate FAQs
What is SRB?
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.
What is FAB?
FAB is final additional bonus. 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
What is DJB?
DJB is diamond jubilee bonus. 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
How can I get LIC bonus?
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.
How LIC Maturity is calculated?
LIC Maturity value is calculated by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus
How do I know my LIC bonus?
Registered user can check their accrued bonus on LIC portal or you can contact your LIC agent or you can call on LIC toll free number (+91 22 6827 6827 ) to know your accumulated bonus.