LIC Single Premium Endowment Plan – 817 – Bonus Rates

This article covers list of all the bonus rates declared for LIC Single Premium Endowment Plan 817 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 NameLIC Single Premium Endowment Plan
Table No817
Types of Bonus DeclaredSRB, Diamond Jubilee Bonus
LIC New Money Back Plan 820 Bonus Rate Summary – Paisa kaudi

SRB for LIC Single Premium Endowment 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)
2020-202110 to 1537 for SA <= 1 Lac
38 for SA > 1 Lac
16 to 2042 for SA <= 1 Lac
43 for SA > 1 Lac
> 2047 for SA <= 1 Lac
48 for SA > 1 Lac
2019-202010 to 1537 for SA <= 1 Lac
38 for SA > 1 Lac
16 to 2042 for SA <= 1 Lac
43 for SA > 1 Lac
> 2047 for SA <= 1 Lac
48 for SA > 1 Lac
2018-201910 to 1541
16 to 2046
> 2051
2017-201810 to 1541
16 to 2046
> 2051
2016-201710 to 1541
16 to 2046
> 2051
2015-201610 to 1541
16 to 2046
> 2051
2014-201510 to 1541
16 to 2046
> 2051
2013-201410 to 1540
16 to 2045
> 2050
SRB for LIC Single Premium Endowment Plan 817 – Paisa kaudi

Diamond Jubilee Bonus for LIC Single Premium 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 DateBonus Rate
Apr 2011 to March 20165
LIC Diamond Jubilee Bonus Rates

FAB for LIC Single Premium 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.

LIC Single Premium Endowment Plan Maturity Calculation

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

LIC Single Premium Endowment 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

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