Every year LIC declares bonus for it’s participating policies in the form of simple reversionary bonus, final addition bonus etc. It’s acts as a crucial element in maturity benefit.
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 LIC Whole … Read more
LIC Bonus rates are most important for policyholders. Every year LIC declares bonus for their policies which participate in profits. In this article we will cover all the bonuses that LIC provides to their policyholders. We will also see how to calculate Maturity Value using bonus rates. What is bonus in LIC policies? Traditional policies … Read more