LIC Jeevan Bharati Bonus Rates with Maturity calculation

LIC declares bonus every year for it’s participating policies. Recently LIC has launched bonus rates for the year 2020 – 2021. This article covers a list of all the bonus rates declared so far for LIC Jeevan Bharati Plan.

Plan NameLIC Jeevan Bharati Plan
Table No160
Types of Bonus DeclaredSRB, Diamond Jubilee Bonus
LIC Jeevan Bharati Plan Bonus Rate Summary – Paisa kaudi
LIC Jeevan Bharati Plan Bonus Rates – Paisa kaudi

SRB for LIC Jeevan Bharati Plan

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 YearPolicy Term (Year)Bonus Rate (Per 1000 Sum Assured)
2020-20211533 – 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
2019-20201533 – 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
2018-20191538
2040
2017-20181538
2040
2016-20171538
2040
2015-20161538
2040
2014-20151538
2040
2013-20141538
2040
2012-20131538
2040
2011-20121538
2040
2010-20111538
2040
2009-20101538
2040
2008-20091538
2040
2007-20081538
2040
2006-20071538
2040
LIC Jeevan Bharati Reversionary Bonus Rates – Paisa kaudi

Diamond Jubilee Bonus for LIC Jeevan Bharati Plan

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 (Per 1000 Sum Assured)
April 2011 to March 20165
April 2006 to March 201110
April 2001 to March 200615
April 1996 to March 200125
April 1991 to March 199635
April 1986 to March 199145
Prior to April 198660
LIC Diamond Jubilee Bonus Rates

FAB for LIC Jeevan Bharati Plan

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

There is no FAB declared in this plan.

LIC Jeevan Bharati Maturity Calculation

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

LIC Jeevan Bharati 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 Jeevan Bharati policy. Please comment if you need any further information on this.

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