Bonus rates for LIC Jeevan Mitra (Double Cover Plan) Plan – Table No. 88
The table below shows the Bonus rates declared for LIC Jeevan Mitra (Double Cover) Policy from inception. You can use this to calculate the LIC Jeevan Mitra (Double Cover) Plan Maturity Value. The vested simple reversionary bonus rates are per 1,000 Sum Assured.
In case you have a plan with Sum Assured of Rs. 5,00,000 – Use the values in the table as following:
Bonus Value = Sum Assured / 1000 x Bonus Rate = 5,00,000 / 1,000 x Bonus Rate
Simple Reversionary Bonus
Financial Year
Policy Term(Years)
Bonus Rate
2016-2017
15
40
16 to 20
44
> 20
48
2015-2016
15
40
16 to 20
44
> 20
48
2014-2015
15
40
16 to 20
44
> 20
48
2013-2014
40
16 to 20
44
> 20
48
2012-2013
40
16 to 20
44
> 20
48
2011-2012
40
16 to 20
44
> 20
48
2010-2011
40
16 to 20
44
> 20
48
2009-2010
40
16 to 20
44
> 20
48
2008-2009
40
16 to 20
44
> 20
48
2007-2008
40
16 to 20
44
> 20
48
2006-2007
15
40
16 to 20
44
> 20
48
2005-2006
15
39
16 to 20
43
> 20
47
2004-2005
42
16 to 20
46
> 20
51
2003-2004
48
16 to 20
52
> 20
58
1st September, 2016
Special Diamond Jubilee Bonus – Details as below
One-time Diamond Jubilee Bonus
1st September is the Founding Day or LIC. So on 01-September-2016, when LIC celebrated its 60th birthday, the company declared a special bonus for all it’s participating plans. To be eligible for this bonus, all premiums should have been paid till 31st March 2016 and should be active as on 1st September 2016. The one-time Diamond Jubilee Bonus Rates for LIC Jeevan Mitra (Double Cover) Plan are as shown below.
Policy Start Date
Bonus Rate
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
Final Addition Bonus
This is a bonus which is paid at the time of maturity or death. It is a reward for continuing with the policy for a certain number of years. It is a one-time bonus which you get at the end of the policy.
Year of Valuation: 31-03-2010 | 31-03-2011 | 31/03/2012
No of Years
Sum Assured (Rupees)
Bonus Rate
15
0
25,001 to 50,000
0
50,001 to 1,99,999
10
> 2,00,000
20
16
0
25,001 to 50,000
0
50,001 to 1,99,999
15
> 2,00,000
25
17
0
25,001 to 50,000
10
50,001 to 1,99,999
20
> 2,00,000
30
18
10
25,001 to 50,000
15
50,001 to 1,99,999
25
> 2,00,000
35
19
15
25,001 to 50,000
20
50,001 to 1,99,999
30
> 2,00,000
50
20
20
25,001 to 50,000
25
50,001 to 1,99,999
40
> 2,00,000
70
21
25
25,001 to 50,000
30
50,001 to 1,99,999
50
> 2,00,000
100
22
30
25,001 to 50,000
50
50,001 to 1,99,999
80
> 2,00,000
150
23
35
25,001 to 50,000
100
50,001 to 1,99,999
150
> 2,00,000
250
24
70
25,001 to 50,000
150
50,001 to 1,99,999
230
> 2,00,000
350
25
170
25,001 to 50,000
250
50,001 to 1,99,999
330
> 2,00,000
450
26
270
25,001 to 50,000
350
50,001 to 1,99,999
430
> 2,00,000
550
27
370
25,001 to 50,000
450
50,001 to 1,99,999
540
> 2,00,000
670
28
470
25,001 to 50,000
550
50,001 to 1,99,999
650
> 2,00,000
790
29
570
25,001 to 50,000
650
50,001 to 1,99,999
760
> 2,00,000
910
30
670
25,001 to 50,000
750
50,001 to 1,99,999
900
> 2,00,000
1100
31
800
25,001 to 50,000
900
50,001 to 1,99,999
1100
> 2,00,000
1300
32
950
25,001 to 50,000
1050
50,001 to 1,99,999
1300
> 2,00,000
1550
33
1100
25,001 to 50,000
1200
50,001 to 1,99,999
1550
> 2,00,000
1800
34
1250
25,001 to 50,000
1350
50,001 to 1,99,999
1700
> 2,00,000
2050
35
1400
25,001 to 50,000
1500
50,001 to 1,99,999
1850
> 2,00,000
2300
36
1550
25,001 to 50,000
1650
50,001 to 1,99,999
2050
> 2,00,000
2550
37
1700
25,001 to 50,000
1800
50,001 to 1,99,999
2250
> 2,00,000
2800
38
1850
25,001 to 50,000
1950
50,001 to 1,99,999
2500
> 2,00,000
3050
39
2000
25,001 to 50,000
2100
50,001 to 1,99,999
2750
> 2,00,000
3300
40 Years and more
2150
25,001 to 50,000
2500
50,001 to 1,99,999
3000
> 2,00,000
3550
Below table is for the valuation year : 31-03-2008
No of Years
Sum Assured (Rupees)
Bonus Rate
15
0
25,001 to 50,000
0
50,001 to 1,99,999
20
> 2,00,000
40
16
0
25,001 to 50,000
0
50,001 to 1,99,999
40
> 2,00,000
60
17
0
25,001 to 50,000
20
50,001 to 1,99,999
55
> 2,00,000
90
18
20
25,001 to 50,000
35
50,001 to 1,99,999
80
> 2,00,000
110
19
35
25,001 to 50,000
55
50,001 to 1,99,999
110
> 2,00,000
165
20
50
25,001 to 50,000
120
50,001 to 1,99,999
200
> 2,00,000
300
21
90
25,001 to 50,000
196
50,001 to 1,99,999
280
> 2,00,000
390
22
130
25,001 to 50,000
272
50,001 to 1,99,999
360
> 2,00,000
480
23
170
25,001 to 50,000
348
50,001 to 1,99,999
440
> 2,00,000
570
24
210
25,001 to 50,000
424
50,001 to 1,99,999
520
> 2,00,000
660
25
250
25,001 to 50,000
500
50,001 to 1,99,999
600
> 2,00,000
750
26
345
25,001 to 50,000
600
50,001 to 1,99,999
700
> 2,00,000
860
27
440
25,001 to 50,000
700
50,001 to 1,99,999
800
> 2,00,000
970
28
535
25,001 to 50,000
800
50,001 to 1,99,999
900
> 2,00,000
1080
29
630
25,001 to 50,000
900
50,001 to 1,99,999
1000
> 2,00,000
1190
30
725
25,001 to 50,000
1000
50,001 to 1,99,999
1100
> 2,00,000
1300
31
830
25,001 to 50,000
1120
50,001 to 1,99,999
1220
> 2,00,000
1420
32
935
25,001 to 50,000
1240
50,001 to 1,99,999
1340
> 2,00,000
1540
33
1040
25,001 to 50,000
1360
50,001 to 1,99,999
1460
> 2,00,000
1660
34
1145
25,001 to 50,000
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