LIC Jeevan Surabhi 15 years Bonus Rates with Maturity calculation

LIC Jeevan Surabhi is money back plan in which you receive money at your pre decided milestones. 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 Surabhi Policy 15 years.

Plan NameLIC Jeevan Surabhi Policy 15 years
Table No106
Types of Bonus DeclaredSRB, FAB, Diamond Jubilee Bonus
LIC Jeevan Surabhi Plan 15 years Bonus Rate Summary – Paisa kaudi
LIC Jeevan Surabhi Plan 15 years Bonus Rates - Paisa kaudi
LIC Jeevan Surabhi Plan 15 years Bonus Rates – Paisa kaudi

SRB for LIC Jeevan Surabhi 15 years

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
2020-2021 1529 – For Sum Assured less than or equal to 1 lac
30 – For Sum Assured greater than 1 lac
2019-2020 1529 – For Sum Assured less than or equal to 1 lac
30 – For Sum Assured greater than 1 lac
2018-2019 1534
2017-2018 1534
2016-2017 1534
2015-2016 1534
2014-2015 1534
2013-2014 1534
2012-2013 1534
2011-2012 1534
2010-2011 1534
2009-2010 1534
2008-2009 1534
2007-2008 1534
2006-2007 1534
2005-20061532
2004-20051535
2003-20041540
LIC Jeevan Surabhi 15 years Reversionary Bonus Rates – Paisa kaudi

Diamond Jubilee Bonus for LIC Jeevan Surabhi 15 years

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 Surabhi Plan 15 years

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

Final Additional Bonus rates are listed below for the year 2008

Term (years)Sum Assured (Rs)Bonus Rate (Per 1000 Sum Assured)
Up to 14 YearsUp to 25,0000
Up to 14 Years 25,001 to 50,0000
Up to 14 Years 50,001 to 1,99,9990
Up to 14 Years 2,00,000 & above0
15 to 19 YearsUp to 25,0000
15 to 19 Years 25,001 to 50,0000
15 to 19 Years 50,001 to 1,99,99920
15 to 19 Years 2,00,000 & above30
20 to 24 YearsUp to 25,00040
20 to 24 Years 25,001 to 50,00050
20 to 24 Years 50,001 to 1,99,99975
20 to 24 Years 2,00,000 & above100
25 YearsUp to 25,00075
25 Years 25,001 to 50,000100
25 Years 50,001 to 1,99,999150
25 Years 2,00,000 & above200
FAB in LIC Jeevan Surabhi Plan 15 years – Paisa kaudi

Final Additional Bonus rates are listed below for the year 2010

Term (years)Sum Assured (Rs)Bonus Rate (Per 1000 Sum Assured)
Up to 14 YearsUp to 25,0000
Up to 14 Years 25,001 to 50,0000
Up to 14 Years 50,001 to 1,99,9990
Up to 14 Years 2,00,000 & above0
15 to 19 YearsUp to 25,0000
15 to 19 Years 25,001 to 50,0000
15 to 19 Years 50,001 to 1,99,99920
15 to 19 Years 2,00,000 & above30
20 YearsUp to 25,00040
20 Years 25,001 to 50,00050
20 Years 50,001 to 1,99,99975
20 Years 2,00,000 & above100
FAB in LIC Jeevan Surabhi Plan 15 years – Paisa kaudi

Final Additional Bonus rates are listed below for the year 2011 & 2012

Term (years)Sum Assured (Rs)Bonus Rate (Per 1000 Sum Assured)
Up to 14Up to 25,0000
Up to 1425,001 to 50,0000
Up to 1450,001 to 1,99,9990
Up to 142,00,000 & above0
15 to 19Up to 25,0000
15 to 1925,001 to 50,0000
15 to 1950,001 to 1,99,99920
15 to 192,00,000 & above30
20Up to 25,00040
20 25,001 to 50,00050
2050,001 to 1,99,99975
202,00,000 & above100
21 to 22Up to 25,00040
21 to 22 25,001 to 50,00080
21 to 22 50,001 to 1,99,999100
21 to 22 2,00,000 & above125
FAB in LIC Jeevan Surabhi Plan 15 years – Paisa kaudi

LIC Jeevan Surabhi Plan 15 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 Surabhi 15 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

Bonus rates of all LIC policiesClick Here
Types of Bonus in LIC Click Here
LIC Jeevan Surabhi Plan 20 years bonus ratesClick Here
LIC Jeevan Surabhi Plan 25 years bonus ratesClick Here

This covers the bonus rate in the LIC Jeevan Surabhi Plan 15 years. Please comment if you need any further information on this.

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