Every year, LIC declares a Simple Reversionary Bonus for its participating (with-profits) insurance plans. The bonus is expressed as a rate per ₹1,000 of Sum Assured per year, and gets added to your policy every year until maturity or death. A Final Addition Bonus (FAB) may also be paid at the exit (maturity or death) for long-term policies.
Latest LIC Simple Reversionary Bonus Rates (Indicative, 2024-26)
| LIC Plan | Plan Number | Bonus Rate (per ₹1,000 SA per year) |
|---|---|---|
| LIC New Endowment Plan | 714, 814, 914 | ₹48 - ₹52 |
| LIC New Jeevan Anand | 715, 815, 915 | ₹50 - ₹54 |
| LIC New Money Back (20 yr) | 720, 820, 920 | ₹46 - ₹50 |
| LIC New Money Back (25 yr) | 721, 821, 921 | ₹46 - ₹50 |
| LIC Jeevan Lakshya | 733, 833, 933 | ₹44 - ₹48 |
| LIC Jeevan Labh | 736, 836, 936 | ₹44 - ₹48 |
| LIC Jeevan Umang | 745, 845, 945 | ₹46 - ₹50 |
| LIC Jeevan Utsav (Single Premium) | 883 | ₹48 - ₹52 |
| LIC Jeevan Anand (Legacy) | 149 | ₹48 - ₹52 |
| LIC New Jeevan Tarang | 734 | ₹44 - ₹48 |
| LIC New LIC Plus | 169 | ₹42 - ₹46 |
Final Addition Bonus (FAB) Rates (Indicative)
FAB is paid only at the time of maturity or death (not every year). It is typically applicable for policies that have been in force for at least 14-15 years.
| LIC Plan Type | FAB Range (per ₹1,000 SA) |
|---|---|
| Endowment Plans (714, 715, 736, etc.) | ₹80 - ₹120 |
| Money-Back Plans (720, 721) | ₹80 - ₹100 |
| Whole Life Plans (745, 883) | ₹90 - ₹120 |
| Legacy Plans (149) | ₹90 - ₹120 |
How Bonus is Calculated in Your Policy
Suppose you have LIC New Jeevan Anand (715) with Sum Assured ₹10,00,000 for 20 years, and the declared bonus rate is ₹52 per ₹1,000 SA per year.
Accrued Bonus = (Sum Assured / 1000) × Bonus Rate × Term
= (10,00,000 / 1000) × 52 × 20
= ₹10,40,000
This bonus is paid along with the Sum Assured and FAB at maturity. So your total maturity is:
SA (₹10,00,000) + Bonus (₹10,40,000) + FAB (~₹1,10,000) = ~₹21,50,000
Are Bonus Rates Guaranteed?
No. The bonus is not guaranteed — LIC declares it every year based on the company's financial performance. The Sum Assured is guaranteed; the bonus is not. Over the last decade, bonus rates have generally been in the ₹45-55 range for most endowment plans, but they can vary year to year.
How to Check Your Policy's Bonus
- Log in to www.lic.in → Customer Portal → Policy Status.
- Check your annual policy statement (sent by LIC every year).
- Visit your nearest LIC branch with your policy number and ID proof.
- Call LIC customer care at 022-6827-6827.
Try Our Calculators
Want to estimate your maturity with the latest bonus rates? Use our free LIC Maturity Calculator — it includes accrued bonus and FAB in the result.