LIC Bonus Rates 2024-25: Full List for All In-Force Individual Plans
LIC has declared its Bonus Rates for 2024-25 for all individual in-force plans. If you’re a policyholder or an LIC agent explaining maturity value expectations to a client, this post gives you the complete, plan-by-plan bonus chart in one place.
What Is the LIC Bonus Rate?
The LIC bonus (Simple Reversionary Bonus, or SRB) is declared once a year, per ₹1,000 of Basic Sum Assured. It’s added to your policy every year it’s declared and paid out only at maturity, death claim, or surrender — it isn’t a cash payout you receive annually. The rate depends on three things: the plan you hold, the policy term, and the sum assured band your policy falls into.
LIC Bonus Rates 2024-25 — Endowment Plans
| Plan | Term 21+ (SA < ₹5L) | Term 21+ (SA ≥ ₹5L) | Term 16-20 (SA < ₹5L) | Term 16-20 (SA ≥ ₹5L) | Term 10-15 (SA < ₹5L) | Term 10-15 (SA ≥ ₹5L) |
|---|---|---|---|---|---|---|
| New Endowment – Plan 714 | ₹45 | ₹46 | ₹39 | ₹40 | ₹35 | ₹36 |
| New Jeevan Anand – Plan 715 & Jeevan Lakshya – Plan 733 | ₹46 | ₹47 | ₹42 | ₹43 | ₹38 | ₹39 |
| New Children’s Money Back – Plan 732 & Jeevan Tarun – Plan 734 | ₹45 | ₹46 | ₹39 | ₹40 | ₹35 | ₹36 |
| Single Premium Endowment – Plan 717 | ₹48 | ₹49 | ₹43 | ₹44 | ₹38 | ₹39 |
Jeevan Labh – Plan 736 Bonus Rates 2024-25
| Term | SA < ₹5 Lacs | SA ₹5L to < ₹10L | SA ₹10L & Above |
|---|---|---|---|
| 16 years | ₹40 | ₹41 | ₹42 |
| 21 years | ₹44 | ₹45 | ₹46 |
| 25 years | ₹47 | ₹48 | ₹49 |
Money Back Plans (720-20 & 721-25)
| Plan | SA < ₹5 Lacs | SA ≥ ₹5 Lacs |
|---|---|---|
| 720-20 | ₹36 | ₹37 |
| 721-25 | ₹41 | ₹42 |
Jeevan Umang – Plan 745 (Bonus During Premium Paying Term)
| Age at Entry | 15 yrs (<5L / ≥5L) | 20 yrs (<5L / ≥5L) | 25 yrs (<5L / ≥5L) | 30 yrs (<5L / ≥5L) |
|---|---|---|---|---|
| 0-14 | ₹74 / ₹75 | ₹68 / ₹69 | ₹63 / ₹64 | ₹58 / ₹59 |
| 15-29 | ₹65 / ₹66 | ₹60 / ₹61 | ₹54 / ₹55 | ₹48 / ₹49 |
| 30-44 | ₹58 / ₹59 | ₹53 / ₹54 | ₹48 / ₹49 | ₹47 / ₹48 |
| 45-55 | ₹49 / ₹50 | ₹48 / ₹49 | ₹47 / ₹48 | NA |
Interim bonus rates are the same as the above figures.
Why Bonus Rates Matter
- Bonuses compound the effective value of the policy over its full term — the longer the term, the more the accumulated bonus matters.
- Rates are not guaranteed year to year; they depend on LIC’s actuarial surplus.
- Comparing rates across plans (e.g., Jeevan Labh vs New Endowment) helps clients pick the plan structure that fits their goal, not just the premium they can afford.
FAQs
Q: How is the LIC bonus calculated? Multiply your Basic Sum Assured (in thousands) by the applicable bonus rate for your plan, term, and SA band. For example, a ₹5,00,000 New Endowment (Plan 714) policy with a 21+ year term gets ₹46 per ₹1,000, i.e. ₹23,000 for that year.
Q: Is the bonus rate the same for every policy year? No — LIC declares it fresh each valuation year, so it can rise, fall, or stay flat.
Q: Which plan has the highest bonus rate in 2024-25? Among the plans listed here, Jeevan Umang (Plan 745) shows the highest per-1,000 rates, particularly for younger entry ages — though it’s structured differently from a standard endowment, so it isn’t a direct comparison.
Q: Where can I verify these rates officially? Always cross-check with LIC’s official Results of Valuation circular or your nearest LIC branch.
