Monday, 24 March 2014

LIC’s Bonus rates for 2013-14 and Comparison

LIC of India declared it’s bonus rate on 6th September 2013. So let us see some big movers and changers this year. Surprising factor this year is the Jeevan Saral.  I highlighted with red colour wherever I found some changes in rates.
LIC Bonus rate for 2013-14
You notice from above table that bonus rates are kept as it is for most plans. But major changes are for plan Jeevan Anand, Jeevan Tarang, Jeevan Shree 1 and Jeevan Pramukh. Hope policy holder will rejoice . 
Below is the LA table for Bima Nivesh and Komal Jeevan.
LIC LA Rate for 2013-14
Now the surprising part about LA declaration will be about Jeevan Saral. Last year LA was declared based on the term of the policy. But this year LIC classified LA rate based on term and premium payment slab also. Below is the table showing the same change.
Jeevan Saral LA Rate for 2013-14
Hope I furnished the full details about the same.

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