LIC Whole Life Policy Bonus Rates – Latest Rates with Maturity calculation

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 whole life policy.

Plan Name	LIC Whole Life Policy
Table No	(2,5,6,8,10,28 – before conversion,35,36,37,38,49,77,78,85 & 86)
Types of Bonus Declared	SRB, FAB, Diamond Jubilee Bonus

SRB for LIC Whole Life 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.

Year	Sum Assured	Bonus Rate (Per 1000 Sum Assured)
2020-2021	SA <= 1 lac	65
2020-2021	SA > 1 lac	66
2019-2020	SA <= 1 lac	65
2019-2020	SA > 1 lac	66
2018-2019	All	70
2017-2018	All	70
2016-2017	All	70
2015-2016	All	70
2014-2015	All	70
2013-2014	All	70
2012-2013	All	70
2011-2012	All	70
2010-2011	All	70
2009-2010	All	70
2008-2009	All	70
2007-2008	All	70
2006-2007	All	70
2005-2006	All	66
2004-2005	All	71
2003-2004	All	80

Diamond Jubilee Bonus for LIC Whole Life Policy

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 (Per 1000 Sum Assured)
April 2011 to March 2016	5
April 2006 to March 2011	10
April 2001 to March 2006	15
April 1996 to March 2001	25
April 1991 to March 1996	35
April 1986 to March 1991	45
Prior to April 1986	60

FAB for LIC Whole Life Policy

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
15	<= 25,000	0
15	25,001 to 50,000	0
15	50,001 to 1,99,999	20
15	2,00,000	40
16	<= 25,000	0
16	25,001 to 50,000	0
16	50,001 to 1,99,999	40
16	2,00,000	60
17	<= 25,000	0
17	25,001 to 50,000	20
17	50,001 to 1,99,999	55
17	2,00,000	90
18	<= 25,000	20
18	25,001 to 50,000	35
18	50,001 to 1,99,999	80
18	2,00,000	110
19	<= 25,000	35
19	25,001 to 50,000	55
19	50,001 to 1,99,999	110
19	2,00,000	165
20	<= 25,000	50
20	25,001 to 50,000	120
20	50,001 to 1,99,999	200
20	2,00,000	300
21	<= 25,000	90
21	25,001 to 50,000	196
21	50,001 to 1,99,999	280
21	2,00,000	390
22	<= 25,000	130
22	25,001 to 50,000	272
22	50,001 to 1,99,999	360
22	2,00,000	480
23	<= 25,000	170
23	25,001 to 50,000	348
23	50,001 to 1,99,999	440
23	2,00,000	570
24	<= 25,000	210
24	25,001 to 50,000	424
24	50,001 to 1,99,999	520
24	2,00,000	660
25	<= 25,000	250
25	25,001 to 50,000	500
25	50,001 to 1,99,999	600
25	2,00,000	750
26	<= 25,000	345
26	25,001 to 50,000	600
26	50,001 to 1,99,999	700
26	2,00,000	860
27	<= 25,000	440
27	25,001 to 50,000	700
27	50,001 to 1,99,999	800
27	2,00,000	970
28	<= 25,000	535
28	25,001 to 50,000	800
28	50,001 to 1,99,999	900
28	2,00,000	1080
29	<= 25,000	630
29	25,001 to 50,000	900
29	50,001 to 1,99,999	1000
29	2,00,000	1190
30	<= 25,000	725
30	25,001 to 50,000	1000
30	50,001 to 1,99,999	1100
30	2,00,000	1300
31	<= 25,000	830
31	25,001 to 50,000	1120
31	50,001 to 1,99,999	1220
31	2,00,000	1420
32	<= 25,000	935
32	25,001 to 50,000	1240
32	50,001 to 1,99,999	1340
32	2,00,000	1540
33	<= 25,000	1040
33	25,001 to 50,000	1360
33	50,001 to 1,99,999	1460
33	2,00,000	1660
34	<= 25,000	1145
34	25,001 to 50,000	1480
34	50,001 to 1,99,999	1580
34	2,00,000	1780
35	<= 25,000	1250
35	25,001 to 50,000	1600
35	50,001 to 1,99,999	1700
35	2,00,000	1900
36	<= 25,000	1375
36	25,001 to 50,000	1700
36	50,001 to 1,99,999	1820
36	2,00,000	2040
37	<= 25,000	1500
37	25,001 to 50,000	1800
37	50,001 to 1,99,999	1940
37	2,00,000	2180
38	<= 25,000	1625
38	25,001 to 50,000	1900
38	50,001 to 1,99,999	2060
38	2,00,000	2320
39	<= 25,000	1750
39	25,001 to 50,000	2000
39	50,001 to 1,99,999	2180
39	2,00,000	2460
40 years and more	<= 25,000	1875
40 years and more	25,001 to 50,000	2100
40 years and more	50,001 to 1,99,999	2300
40 years and more	2,00,000	2600

Final Additional Bonus rates are listed below for the year 2010, 2011 and 2012

Term (years)	Sum Assured (Rs)	Bonus Rate
15	<= 25,000	0
15	25,001 to 50,000	0
15	50,001 to 1,99,999	10
15	2,00,000	20
16	<= 25,000	0
16	25,001 to 50,000	0
16	50,001 to 1,99,999	15
16	2,00,000	25
17	<= 25,000	0
17	25,001 to 50,000	10
17	50,001 to 1,99,999	20
17	2,00,000	30
18	<= 25,000	10
18	25,001 to 50,000	15
18	50,001 to 1,99,999	25
18	2,00,000	35
19	<= 25,000	15
19	25,001 to 50,000	20
19	50,001 to 1,99,999	30
19	2,00,000	50
20	<= 25,000	20
20	25,001 to 50,000	25
20	50,001 to 1,99,999	40
20	2,00,000	70
21	<= 25,000	25
21	25,001 to 50,000	30
21	50,001 to 1,99,999	50
21	2,00,000	100
22	<= 25,000	30
22	25,001 to 50,000	50
22	50,001 to 1,99,999	80
22	2,00,000	150
23	<= 25,000	35
23	25,001 to 50,000	100
23	50,001 to 1,99,999	150
23	2,00,000	250
24	<= 25,000	70
24	25,001 to 50,000	150
24	50,001 to 1,99,999	230
24	2,00,000	350
25	<= 25,000	170
25	25,001 to 50,000	250
25	50,001 to 1,99,999	330
25	2,00,000	450
26	<= 25,000	270
26	25,001 to 50,000	350
26	50,001 to 1,99,999	430
26	2,00,000	550
27	<= 25,000	370
27	25,001 to 50,000	450
27	50,001 to 1,99,999	540
27	2,00,000	670
28	<= 25,000	470
28	25,001 to 50,000	550
28	50,001 to 1,99,999	650
28	2,00,000	790
29	<= 25,000	570
29	25,001 to 50,000	650
29	50,001 to 1,99,999	760
29	2,00,000	910
30	<= 25,000	670
30	25,001 to 50,000	750
30	50,001 to 1,99,999	900
30	2,00,000	1100
31	<= 25,000	800
31	25,001 to 50,000	900
31	50,001 to 1,99,999	1100
31	2,00,000	1300
32	<= 25,000	950
32	25,001 to 50,000	1050
32	50,001 to 1,99,999	1300
32	2,00,000	1550
33	<= 25,000	1100
33	25,001 to 50,000	1200
33	50,001 to 1,99,999	1550
33	2,00,000	1800
34	<= 25,000	1250
34	25,001 to 50,000	1350
34	50,001 to 1,99,999	1700
34	2,00,000	2050
35	<= 25,000	1400
35	25,001 to 50,000	1500
35	50,001 to 1,99,999	1850
35	2,00,000	2300
36	<= 25,000	1550
36	25,001 to 50,000	1650
36	50,001 to 1,99,999	2050
36	2,00,000	2550
37	<= 25,000	1700
37	25,001 to 50,000	1800
37	50,001 to 1,99,999	2250
37	2,00,000	2800
38	<= 25,000	1850
38	25,001 to 50,000	1950
38	50,001 to 1,99,999	2500
38	2,00,000	3050
39	<= 25,000	2000
39	25,001 to 50,000	2100
39	50,001 to 1,99,999	2750
39	2,00,000	3300
40 years and more	<= 25,000	2150
40 years and more	25,001 to 50,000	2500
40 years and more	50,001 to 1,99,999	3000
40 years and more	2,00,000	3550

LIC Whole Life Policy Maturity Calculation

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

LIC Whole Life Policy Bonus Rates FAQs

Types of bonus in LIC with calculation

Bonus rates of all LIC policies

This covers the bonus rate in the LIC whole life policy. Please comment if you need any further information on this.