LIC Jeevan Pramukh Plan 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 Pramukh Plan.

Plan NameLIC Jeevan Pramukh Plan
Table No167
Types of Bonus DeclaredSRB, Diamond Jubilee Bonus
LIC Jeevan Pramukh Plan Bonus Rate Summary – Paisa kaudi
LIC Jeevan Pramukh Plan Bonus Rates – Paisa kaudi

SRB for LIC Jeevan Pramukh 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 (years)Bonus Rate (Per 1000 Sum Assured)
2020-20211045 – For Sum Assured greater than 1 lac
1546 – For Sum Assured greater than 1 lac
2049 – For Sum Assured greater than 1 lac
2553 – For Sum Assured greater than 1 lac
2019-20201045 – For Sum Assured greater than 1 lac
1546 – For Sum Assured greater than 1 lac
2049 – For Sum Assured greater than 1 lac
2553 – For Sum Assured greater than 1 lac
2018-20191049
1550
2053
2557
2017-20181049
1550
2053
2557
2016-20171049
1550
2053
2557
2015-20161049
1550
2053
2557
2014-20151047
1548
2051
2555
2013-20141045
1546
2049
2553
2012-20131045
1546
2049
2553
2011-20121044
1544
2048
2552
2010-20111044
1544
2048
2552
2009-20101040
1540
2044
2548
2008-20091040
1540
2044
2548
2007-20081040
1540
2044
2548
LIC Jeevan Pramukh Bonus Rates – Paisa kaudi

Diamond Jubilee Bonus for LIC Jeevan Pramukh 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
LIC Diamond Jubilee Bonus Rates

FAB for LIC Jeevan Pramukh 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 Pramukh Plan Maturity Calculation

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

LIC Jeevan Pramukh 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 Pramukh Plan. Please comment if you need any further information on this.

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