LIC Bonuses Update : In a major development that will bring smiles to policyholders, the Life Insurance Corporation of India (LIC) has officially announced its latest bonus rates. These bonuses, declared annually, are a reward for policyholders based on the performance of LIC’s participating policies. If you own an LIC policy, now is the time to find out if you are eligible for extra money this year.
Understanding LIC Bonuses
Every year, LIC evaluates its surplus earnings and shares a portion with its policyholders in the form of bonuses. These bonuses significantly boost the maturity or death benefit amount of your policy. There are several types of bonuses that LIC offers, and understanding them is key to knowing how much you can expect.
Types of LIC Bonuses
- Simple Reversionary Bonus: Added annually to the policy and payable on maturity or death.
- Final Additional Bonus (FAB): One-time bonus paid at the end of the policy term or death claim.
- Loyalty Additions: Paid to policyholders who stay invested for the long term.
Guaranteed Additions: Fixed bonuses declared at the inception of the policy.
Which Policies Are Eligible for LIC Bonus?
Not all LIC policies are eligible for annual bonuses. Only ‘with-profit’ policies participate in LIC’s surplus distribution. If you own one of these, you stand a chance to earn more:
- Endowment Plans
- Whole Life Policies
- Money Back Plans
- Certain Term Assurance Plans
- Children’s Plans
- Pension Plans (Traditional)
Latest LIC Bonus Rates for 2025
LIC has published a detailed list of bonus rates for various policies. Here’s a quick look:
| Policy Type | Bonus Rate (per ₹1000 Sum Assured) | Final Additional Bonus | Loyalty Addition | Applicable Term |
|---|---|---|---|---|
| Endowment Assurance | ₹45 – ₹55 | Up to ₹70 per ₹1000 | Yes | 15-30 years |
| Whole Life Assurance | ₹60 – ₹70 | Up to ₹100 per ₹1000 | Yes | 20+ years |
| Money Back Plans | ₹35 – ₹50 | Up to ₹60 per ₹1000 | Yes | 15-25 years |
| Jeevan Anand Policy | ₹48 – ₹58 | ₹75 per ₹1000 | Yes | 15-30 years |
| New Children’s Money Back | ₹40 – ₹50 | ₹65 per ₹1000 | Yes | 18-25 years |
| Jeevan Tarun | ₹45 – ₹55 | ₹70 per ₹1000 | Yes | 20 years |
| Jeevan Umang | ₹50 – ₹60 | ₹85 per ₹1000 | Yes | 30+ years |
| Pension Policies (Traditional) | ₹30 – ₹40 | N/A | Yes | 10-20 years |
How to Check If Your LIC Policy Gets the Bonus
It is simple to check if your policy is eligible for the new bonus:
- Review your policy document to confirm if it is a ‘with-profits’ plan.
- Check LIC’s official website for the updated list of eligible policies and bonus rates.
- Log in to your LIC e-services portal to view the updated policy status.
Alternatively, contact your LIC agent for personalized assistance.
Impact of Bonus on Your Policy Value
When LIC announces bonuses, they are added to the sum assured and enhance the total maturity or death benefit. Here’s how it impacts:
| Policy Sum Assured | Simple Reversionary Bonus | Final Additional Bonus | Total Expected Benefit |
|---|---|---|---|
| ₹5,00,000 | ₹2,50,000 | ₹35,000 | ₹7,85,000 |
| ₹7,00,000 | ₹3,50,000 | ₹50,000 | ₹10,00,000 |
| ₹10,00,000 | ₹5,00,000 | ₹70,000 | ₹15,70,000 |
Important Points to Remember
- Bonuses are applicable only if the policy is active and premiums are paid regularly.
- The bonus is not payable immediately but gets accumulated and is paid on maturity or claim.
- LIC reserves the right to alter bonus rates every year depending on its financial performance.
- Policies that have been converted, altered, or revived recently may have different eligibility.
Popular LIC Policies That Got Bonus This Year
Some of the most popular plans receiving bonuses this year include:
- LIC Jeevan Anand
- LIC New Endowment Plan
- LIC Money Back 20 Years Plan
- LIC Jeevan Umang
- LIC Jeevan Tarun
- LIC Jeevan Labh
- LIC Bima Jyoti
Bonus Trends Over the Last Five Years
| Financial Year | Average Simple Reversionary Bonus | Final Additional Bonus Trends | Key Observations |
|---|---|---|---|
| 2020-21 | ₹45 | Moderate | Post-COVID recovery |
| 2021-22 | ₹48 | Moderate to High | Business stability |
| 2022-23 | ₹50 | High | Surge in profits |
| 2023-24 | ₹53 | High | Consistent growth |
| 2024-25 | ₹55 | Very High | Record surplus |
Why LIC Bonuses Matter
For policyholders, these bonuses mean:
- Enhanced maturity value without any extra investment.
- Higher returns compared to regular savings options.
- A reward for staying invested with LIC for the long term.
- Increased security for family in case of an unfortunate event.
The LIC bonus announcement is a major benefit for millions of policyholders across India. If you hold a ‘with-profits’ LIC policy, this extra money could significantly enhance your returns. It’s crucial to verify your eligibility, understand the impact on your policy, and plan your financial goals accordingly. LIC continues to maintain its reputation as a reliable and rewarding insurer, making it a preferred choice for long-term savers and investors.
Bonus rates are subject to change at LIC’s discretion and are based on the corporation’s financial performance. Policyholders are advised to check official LIC announcements or consult their agents for precise details regarding their specific policies.
