LIC declares bonus rates once a year after its actuarial valuation. Below are the approximate current rates (per ₹1000 of Sum Assured per year) for popular in-force plans, based on the latest declaration — the single most important input for maturity calculations.
Simple Reversionary Bonus Rates — Plan-Wise
| Plan | Term | Bonus (₹/1000/yr) |
|---|---|---|
| New Endowment (914) | < 16 yrs | 38 |
| 16–20 yrs | 42 | |
| > 20 yrs | 48 | |
| New Jeevan Anand (915) | < 16 yrs | 41 |
| 16–20 yrs | 45 | |
| > 20 yrs | 49 | |
| New Money Back (920) | 20 yrs | 39 |
| New Money Back (921) | 25 yrs | 41 |
| Jeevan Labh (936) | 16 yrs | 43 |
| 21 yrs | 47 | |
| 25 yrs | 50 | |
| Jeevan Umang (945) | All | ~45 |
| Jeevan Lakshya (933) | 13–25 yrs | 43–47 |
*Indicative rates compiled from LIC's latest public declaration; always cross-check your policy's bonus statement.
Final Additional Bonus (FAB) — The Long-Term Reward
FAB is paid once, at maturity/death, on policies of longer durations. Indicative ranges:
| Policy Duration | Typical FAB (₹/1000 SA) |
|---|---|
| 15–19 years | 20 – 100 |
| 20–24 years | 90 – 250 |
| 25–29 years | 250 – 550 |
| 30+ years | 550 – 1000+ |
How Much Does Bonus Matter? A Lot.
On a ₹10 lakh, 25-year Jeevan Labh policy, bonus + FAB contribute roughly ₹17,00,000 of the ₹27,00,000 maturity — nearly two-thirds of the payout. This is why comparing bonus rates across plans before buying is essential.
Three Rules About LIC Bonuses
- Bonuses are not guaranteed — they depend on LIC's yearly surplus (though LIC has declared bonuses uninterrupted for decades).
- Bonuses vest only while premiums are paid — lapsed policies stop earning bonus.
- Bonuses don't compound — an important difference vs mutual funds when comparing returns.
👉 Plug these rates into the Maturity Calculator to see your policy's projected value instantly.