This article covers list of all the bonus rates declared for LIC New Endowment Plan 814 from inception till 2020-2021. LIC declares bonus rates for it’s participating policies every year. Let’s explore this in detail with calculation.
| Plan Name | LIC New Endowment Plan |
| Table No | 814 |
| Types of Bonus Declared | SRB, Diamond Jubilee Bonus |
List of Topic Covered
SRB for LIC New Endowment 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 year | Policy Term (years) | Bonus Rate |
| 2020-2021 | 12 to 15 | 34 – For Sum Assured less than or equal to 1 lac 35 – For Sum Assured greater than 1 lac |
| 16 to 20 | 38 – For Sum Assured less than or equal to 1 lac 39 – For Sum Assured greater than 1 lac | |
| > 20 | 44 – For Sum Assured less than or equal to 1 lac 45 – For Sum Assured greater than 1 lac | |
| 2019-2020 | 12 to 15 | 34 – For Sum Assured less than or equal to 1 lac 35 – For Sum Assured greater than 1 lac |
| 16 to 20 | 38 – For Sum Assured less than or equal to 1 lac 39 – For Sum Assured greater than 1 lac | |
| > 20 | 44 – For Sum Assured less than or equal to 1 lac 45 – For Sum Assured greater than 1 lac | |
| 2018-2019 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 | |
| 2017-2018 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 | |
| 2016-2017 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 | |
| 2015-2016 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 | |
| 2014-2015 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 | |
| 2013-2014 | 12 to 15 | 38 |
| 16 to 20 | 42 | |
| > 20 | 48 |
Diamond Jubilee Bonus for LIC New Endowment 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 Date | Bonus Rate |
| Apr 2011 to March 2016 | 5 |
Final Addition Bonus (FAB) for LIC New Endowment 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.
How to Calculate Maturity Value in LIC New Endowment Plan
So you will get your maturity value by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus
LIC New Endowment Plan Bonus Rates FAQs
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.
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
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
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.
LIC Maturity value is calculated by adding Sum Assured + Simple Reversionary Bonus + Final Addition Bonus + Diamond Jubilee Bonus
This covers the bonus rate in the LIC New Endowment policy. Please comment if you need any further information on this.