An LIC bonus calculator multiplies your sum assured (in thousands) by the bonus rate and the number of years, then adds any final additional bonus. For example, a ₹10 lakh New Jeevan Anand policy running 21 years at ₹46 per ₹1,000 earns ₹46,000 a year, or ₹9,66,000 in reversionary bonus. With a ₹100 per ₹1,000 FAB, the total payout is about ₹20,66,000.
LIC Bonus & Maturity Value Calculator
Your estimate
- Bonus rate used (per ₹1,000)
- ₹46
- Bonus added each year
- ₹46,000
- Simple reversionary bonus (all years)
- ₹9,66,000
- Final additional bonus
- ₹1,00,000
- Total premium paid
- ₹11,55,000
- Net gain
- ₹9,11,000
- Approx. return (IRR)assumes one payout at maturity
- 5.01%
- Basic sum assured₹10,00,00048%
- Reversionary bonus₹9,66,00047%
- Final additional bonus₹1,00,0005%
Year-wise bonus build-up
| Years | Bonus added | Bonus accrued | Sum assured + bonus |
|---|---|---|---|
| 1 | ₹46,000 | ₹46,000 | ₹10,46,000 |
| 2 | ₹46,000 | ₹92,000 | ₹10,92,000 |
| 3 | ₹46,000 | ₹1,38,000 | ₹11,38,000 |
| 4 | ₹46,000 | ₹1,84,000 | ₹11,84,000 |
| 5 | ₹46,000 | ₹2,30,000 | ₹12,30,000 |
| 6 | ₹46,000 | ₹2,76,000 | ₹12,76,000 |
| 7 | ₹46,000 | ₹3,22,000 | ₹13,22,000 |
| 8 | ₹46,000 | ₹3,68,000 | ₹13,68,000 |
| 9 | ₹46,000 | ₹4,14,000 | ₹14,14,000 |
| 10 | ₹46,000 | ₹4,60,000 | ₹14,60,000 |
| 11 | ₹46,000 | ₹5,06,000 | ₹15,06,000 |
| 12 | ₹46,000 | ₹5,52,000 | ₹15,52,000 |
| 13 | ₹46,000 | ₹5,98,000 | ₹15,98,000 |
| 14 | ₹46,000 | ₹6,44,000 | ₹16,44,000 |
| 15 | ₹46,000 | ₹6,90,000 | ₹16,90,000 |
| 16 | ₹46,000 | ₹7,36,000 | ₹17,36,000 |
| 17 | ₹46,000 | ₹7,82,000 | ₹17,82,000 |
| 18 | ₹46,000 | ₹8,28,000 | ₹18,28,000 |
| 19 | ₹46,000 | ₹8,74,000 | ₹18,74,000 |
| 20 | ₹46,000 | ₹9,20,000 | ₹19,20,000 |
| 21 | ₹46,000 | ₹9,66,000 | ₹19,66,000 |
| 21 + FAB | ₹1,00,000 | ₹10,66,000 | ₹20,66,000 |
Individual life insurance premiums are exempt from GST from 22 September 2025. Figures are estimates based on typical rates and may differ from LIC’s official quote.
What does the LIC bonus calculator do?
Most traditional LIC policies are with-profit: apart from the sum assured, they share in LIC’s surplus through bonuses. The trouble is that bonus is quoted in a way few people find intuitive, as “₹46 per ₹1,000 sum assured”. This calculator turns that rate into rupees you can plan with:
- the bonus added every year;
- the total reversionary bonus over the full term;
- the final additional bonus (FAB), if you expect one;
- the sum assured plus all bonuses, which is roughly what a with-profit policy pays out;
- and, if you enter your premium, your net gain and approximate return (IRR).
A year-by-year table shows how the bonus builds up. That helps if you are halfway through a policy and want to know how much has already been credited.
The tool works for any participating plan. Presets are included for New Jeevan Anand, New Endowment, Jeevan Labh, Jeevan Umang, Jeevan Lakshya, Jeevan Tarun, Jeevan Shiromani, Single Premium Endowment and the money back plans. The preset rates are indicative figures based on recent declarations. For any other policy, or to use the exact rate from your bonus statement, pick Any other plan and type the rate yourself.
How LIC bonus works
LIC values its with-profit fund every year and declares a simple reversionary bonus for each plan and term band. Three things matter:
- It is simple, not compound. The same rupee amount is added every year. A ₹10 lakh policy at ₹46 gets ₹46,000 in year 1, ₹46,000 in year 2, and so on. Bonus does not earn bonus.
- It “reverts” at the end. Declared bonus is attached to the policy but paid only on maturity or death. Once attached, it is guaranteed as long as the policy stays in force.
- Longer terms usually earn higher rates. LIC declares rates by term band. For example, the New Endowment preset uses ₹40 for a 20-year policy and ₹45 for a 21-year one.
On top of this, LIC may declare a final additional bonus at claim time. It is a one-off amount per ₹1,000 sum assured. It is generally paid only on policies that have run a long time, commonly 15 years or more, and it rises with the term.
The formula
- Yearly bonus = (sum assured ÷ 1,000) × bonus rate
- Total reversionary bonus = yearly bonus × policy term
- FAB = (sum assured ÷ 1,000) × FAB rate
- Payout = sum assured + total reversionary bonus + FAB
For money back plans the bonus is still worked out on the full sum assured, even though part of the sum assured is paid back as survival benefits during the term. The “sum assured + all bonuses” figure is then the total you receive across all payouts, not just the final cheque.
Worked example
Take a New Jeevan Anand policy with a ₹10 lakh sum assured and a 21-year term. The calculator applies the preset rate of ₹46 per ₹1,000:
| Item | Amount |
|---|---|
| Bonus added each year | ₹46,000 |
| Reversionary bonus over 21 years | ₹9,66,000 |
| Final additional bonus (₹100 per ₹1,000) | ₹1,00,000 |
| Total bonus | ₹10,66,000 |
| Sum assured + all bonuses | ₹20,66,000 |
If the yearly premium is ₹55,000 paid for all 21 years, total premium comes to ₹11,55,000. The net gain is ₹9,11,000, which works out to a return (IRR) of about 5.0% a year. That is typical for a traditional LIC policy: steady and low-risk, but not high growth.
A second example: a ₹5 lakh New Endowment policy for 20 years with FAB set to 0. The 20-year preset rate is ₹40, so the policy earns ₹20,000 a year and ₹4,00,000 in total bonus. The payout comes to ₹9,00,000.
Tip: Your policy’s bonus rate is not a single fixed number. It changes every year. For a realistic range, run the calculator twice: once at your plan’s recent rate and once ₹5 lower.
How to read the results
- Total bonus is reversionary bonus plus FAB. It is the “extra” you get over the sum assured.
- Sum assured + all bonuses is the estimated total benefit. For endowment and whole-life style plans it is roughly the maturity cheque. For money back plans it is the sum of all payouts.
- Bonus rate used confirms which rate was applied for your term. It is useful when a preset interpolates between term bands.
- Net gain and IRR appear only when you enter a premium. The IRR assumes the whole amount arrives at maturity, so for money back plans the real return is a little higher than shown.
- Year-wise table: each row shows the bonus accrued so far and the sum assured plus bonus at that point. This is a quick proxy for the death claim in that year, before any FAB or extra death cover multiples.
Common mistakes to avoid
- Compounding the bonus. LIC reversionary bonus is simple. A calculator that compounds it will overstate your maturity by a wide margin.
- Using the bonus rate of another plan or term. Rates differ by plan and term band. A 16-year Jeevan Labh and a 25-year Jeevan Labh do not earn the same rate.
- Counting on a large FAB. FAB is not guaranteed, is small or nil for shorter policies, and is only declared in the year of the claim.
- Assuming a lapsed policy keeps earning. Bonus is added only while the policy is in force. A paid-up policy keeps the bonus already attached but usually stops earning new bonus.
- Mixing up non-par plans. Plans like Jeevan Utsav or Dhan Rekha give guaranteed additions, not bonuses. Use their own plan calculators instead.
Where to find your plan’s actual bonus rate
LIC publishes its bonus declaration every year, usually after the financial year closes. The rates are listed plan-wise and by term band, along with FAB rates. Your yearly policy status or bonus statement also shows the bonus already vested. If you have the exact figure, choose Any other plan and enter it. The calculator then works for any with-profit LIC policy, old or new.
Related calculators
- LIC maturity calculator: enter your own premium, term, bonus and money back percentage for a full maturity estimate.
- LIC Jeevan Anand calculator: premium, bonus and death benefit for plans 715, 915, 815 and 149.
- LIC surrender value calculator: see what you would get if you exit early.
- New Jeevan Anand Plan 715: details of LIC’s most popular with-profit plan.
All figures from this tool are estimates. Actual bonus depends on LIC’s yearly declarations. This site is independent and not affiliated with LIC.
Frequently asked questions
How is LIC bonus calculated?
LIC declares a simple reversionary bonus every year as a rupee amount per ₹1,000 of basic sum assured. Yearly bonus = (sum assured ÷ 1,000) × bonus rate. It is simple, not compounded, so the same amount is added each year the policy stays in force. A final additional bonus may be added once at maturity or death.
What is the LIC bonus rate per 1,000 for Jeevan Anand?
New Jeevan Anand has recently earned about ₹45 to ₹49 per ₹1,000 sum assured a year, with longer terms getting the higher end. This calculator uses ₹46 for a 21-year policy. Always check LIC's latest bonus declaration for your plan and term before relying on a figure.
Is the LIC bonus guaranteed?
No. The rate for future years is not guaranteed; it depends on LIC's surplus and is declared each year. However, once a bonus is declared and attached to your policy, it becomes a guaranteed part of your maturity or death claim, provided the policy stays in force.
What is the final additional bonus (FAB) in LIC?
FAB is a one-time bonus LIC may pay at maturity or on a death claim, usually only for policies that have run 15 years or longer. It is declared per ₹1,000 sum assured and varies with the term and size of the policy. It is not guaranteed, so a cautious estimate uses zero.
Can I withdraw my LIC bonus before maturity?
Not as cash. Reversionary bonuses are paid only with the maturity or death claim. You can, however, surrender the bonus for its cash value in some plans, and bonuses raise the surrender value and loan limit of your policy.
Do all LIC policies get a bonus?
Only participating (with-profit) plans such as Jeevan Anand, Jeevan Labh, New Endowment, Jeevan Lakshya and the money back plans earn bonuses. Non-par plans like Jeevan Utsav, Dhan Rekha or Bima Jyoti give fixed guaranteed additions instead, and term plans and ULIPs get no bonus.
Is LIC bonus taxable?
The bonus is paid as part of the maturity amount. That amount is usually tax-free under Section 11 read with Schedule II of the Income-tax Act, 2025 (earlier Section 10(10D)) if the premium stays within 10% of the sum assured. For policies issued from 1 April 2023 with total yearly premium above ₹5 lakh, maturity proceeds are taxable.
Disclaimer: LIC Premium Calculators is an independent website. We are not affiliated with, endorsed by or connected to Life Insurance Corporation of India. All figures are estimates for illustration; confirm exact premiums and benefits with LIC or a licensed agent before buying.