LIC Child Career Plan Bonus Rates with Maturity calculation

This article covers list of all the bonus rates declared for LIC Child Career Plan from start till 2020-2021. LIC declares bonus for it’s participating policies every year. Let’s explore this in detail.

Plan NameLIC Child Career Plan
Table No184
Types of Bonus DeclaredSRB, Diamond Jubilee Bonus
LIC Child Career Plan Bonus Rate Summary – Paisa kaudi
LIC Child Career Plan Bonus Rates - Paisa kaudi
LIC Child Career Plan Bonus Rates – Paisa kaudi

SRB for LIC Child Career Policy

It is declared as per 1000 Sum Assured and can be calculated as ( Bonus Rate X Sum Assured ) / 1000

Simple Reversionary Bonus rates are listed below.

Valuation YearTerm (years)Bonus Rate (Per 1000 Sum Assured)
2020-202111 to 1529 – For Sum Assured less than or equal to 1 lac
30 – For Sum Assured greater than 1 lac
16 to 2033 – For Sum Assured less than or equal to 1 lac
34 – For Sum Assured greater than 1 lac
> 2035 – For Sum Assured less than or equal to 1 lac
36 – For Sum Assured greater than 1 lac
2019-202011 to 1529 – For Sum Assured less than or equal to 1 lac
30 – For Sum Assured greater than 1 lac
16 to 2033 – For Sum Assured less than or equal to 1 lac
34 – For Sum Assured greater than 1 lac
> 2035 – For Sum Assured less than or equal to 1 lac
36 – For Sum Assured greater than 1 lac
2018-201911 to 1534
16 to 2038
> 2040
2017-201811 to 1534
16 to 2038
> 2040
2016-201711 to 1534
16 to 2038
> 2040
2015-201611 to 1534
16 to 2038
> 2040
2014-201511 to 1534
16 to 2038
> 2040
2013-201411 to 1534
16 to 2038
> 2040
2012-201311 to 1534
16 to 2038
> 2040
2011-201211 to 1534
16 to 2038
> 2040
2010-201111 to 1538
16 to 2042
> 2044
2009-201011 to 1536
16 to 2040
> 2042
2008-200911 to 1534
16 to 2038
> 2040
2007-200811 to 1534
16 to 2038
> 2040
2006-200711 to 1534
16 to 2038
> 2040
2005-2006< 1124
LIC Child Career Policy Reversionary Bonus Rates – Paisa kaudi

Diamond Jubilee Bonus for LIC Child Career Policy

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 DateBonus Rate
April 2011 to March 20165
April 2006 to March 201110
LIC Diamond Jubilee Bonus Rates

FAB for LIC Child Career Policy

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

We do not have any information on FAB declared in this plan.

LIC Child Career Policy Maturity Calculation

So you will get your maturity value by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus

LIC Child Career Plan Bonus Rates 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 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

What is FAB?

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

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

Types of bonus in LIC with calculationBonus rates of all LIC policies

This covers the bonus rate in the LIC Child Career Plan. Please comment if you need any further information on this.

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