LIC reference · 2024-25 valuation · updated 2026-05-02
LIC Bonus Rates 2024-25 — SRB & FAB per plan
The latest declared simple reversionary bonus (SRB) and final additional bonus (FAB) rates for LIC of India endowment plans, per ₹1,000 sum assured. One canonical reference for the rates our calculators consume — with the per-plan ladder, the term-band nuance, and a downloadable CSV / JSON for builders.
- 5 plans verified for FY 2024-25
- 12 participating plans pending verification
- 25 plans with no SRB/FAB (term, ULIP, annuity, GA)
- 42 total LIC plans covered on the site
Where These Numbers Come From
SRB rates are cross-checked against LIC's official Results of Valuation circular. FAB rates for the newer-series plans on this site (Plans 714, 715, 717, 733, 736) are reproduced from third-party publications — primarily licpolicyadvisor.in — because LIC's published circular declares FAB tables only for older plan groups (Groups 1, 2, 11, 12, 13 and similar). We surfaced this gap explicitly rather than hide it. Always confirm the exact figure on your specific policy with your LIC servicing branch before acting.
Independent reference. Not affiliated with, endorsed by, or connected to the Life Insurance Corporation of India or any government entity.
Headline Rates · FY 2024-25
One row per plan, showing the headline SRB and FAB at the plan's most common buyer term. Each plan also has its own per-term ladder — see the per-plan notes below.
| Plan | # | Term band | SA slab | SRB ₹/1k | FAB ₹/1k |
|---|---|---|---|---|---|
| New Endowment | 714 | 16 yrs | ₹5L band | 42 | 25 |
| New Jeevan Anand | 715 | 20 yrs | ₹5L band | 45 | 25 |
| Single Premium Endowment | 717 | 10 yrs | ₹5L band | 38 | 0 |
| Jeevan Lakshya | 733 | 13 yrs | ₹5L band | 49 | 0 |
| Jeevan Labh | 736 | 16 yrs | ₹5L–<₹10L | 35 | 20 |
How LIC Bonuses Work, in Three Sentences
- SRB (Simple Reversionary Bonus) is added to your policy every year LIC declares one, expressed in rupees per ₹1,000 sum assured. Once added it can't be taken back.
- FAB (Final Additional Bonus) is a one-time top-up paid only at maturity for long-duration policies — typically 15 years and longer. Not every plan declares FAB.
- Maturity payout = SA + cumulative SRB + FAB (Jeevan Lakshya adds a 110% multiplier on the SA leg). The plan calculators do this math; this page gives you the inputs in one place.
Why FAB and SRB Vary by Term and SA Slab
FAB: A Deferral-Tail Reward, Not a Flat Rate
FAB rises sharply with policy term. Below LIC's 15-year FAB threshold no FAB is declared; between 15 and 20 years it stays small; at 25 years it jumps to several multiples of the 20-year value. Plan 714 declares ₹450/₹1,000 at 25 years vs ₹70 at 20 years — same plan, same SRB, just one extra five-year band. Most aggregator sites publish a single FAB number without naming the term band — the per-plan ladders below name the band for every figure we publish.
SRB: SA-Based Slab from the March 2025 Valuation Onward
From the March 2025 valuation LIC introduced an SA-based slab on SRB: policies with sum assured ≥ ₹5L receive +₹1 / ₹1,000 SA over the base rate. Jeevan Labh (Plan 736) goes further — +₹2 at SA ≥ ₹10L. Smaller policies use the base rate. SRB also varies by term band on most plans (Plan 714: ₹39 at 12-15 yrs, ₹42 at 16-20 yrs, ₹48 at 21+ yrs in the FY 2024-25 declaration).
Plan-Specific Ladders, Not a Single "Endowment Ladder"
It's tempting to assume every endowment uses the same FAB ladder. It does not. Plans 714 and 717 share LIC's standard endowment-group ladder. Plans 715, 733, and 736 each have their own, much smaller plan-specific ladders — Jeevan Anand's distinctive feature is the free post-maturity cover, not a high terminal bonus; Jeevan Lakshya compensates a smaller FAB with a 110% BSA maturity multiplier; Jeevan Labh's limited-pay structure trades part of the FAB tail for a shorter premium-paying term. The notes below spell out each plan's ladder.
Per-plan SRB & FAB details (5 plans)
New Endowment Plan 714 Why FAB at 25 yrs is so much larger than at 16 or 20
Open the New Endowment plan page →
| Policy term | Final additional bonus (FAB) |
|---|---|
| 16 yrs | ₹25 / ₹1,000 SA |
| 20 yrs | ₹70 / ₹1,000 SA |
| 25 yrs | ₹450 / ₹1,000 SA |
Plan 714 uses LIC's standard endowment-group FAB ladder. Below 20 years the FAB is small. At exactly 25 years it jumps to ₹450 / ₹1,000 — roughly 6× the 20-year value.
Same SRB rate, same plan, just one more 5-year band: the deferral-tail reward shows up entirely in FAB.
All declared rows for New Endowment (3)
| FY | Term band | SA slab | SRB ₹/1k | FAB ₹/1k | Notes |
|---|---|---|---|---|---|
| 2024-25 | 16 yrs | ₹5L band | 42 | 25 | Standard endowment FAB at this duration is small; bulk of maturity comes from cumulative SRB. |
| 2024-25 | 20 yrs | ₹5L band | 42 | 70 | Standard endowment FAB ladder is mostly flat below 20 yrs and steps up sharply at 25. |
| 2024-25 | 25 yrs | ₹5L band | 48 | 450 | Uses LIC's standard endowment-group FAB ladder at SA ≥ ₹2L (col4): 20-yr ₹70, 25-yr ₹450 / ₹1,000 SA. |
Source: licpolicyadvisor.in/bonus-rates/714/ (LIC Results of Valuation as at 31-03-2025).
New Jeevan Anand Plan 715 FAB is modest; the post-maturity free cover is the real feature
Open the New Jeevan Anand plan page →
| Policy term | Final additional bonus (FAB) |
|---|---|
| 20 yrs | ₹25 / ₹1,000 SA |
| 25 yrs | ₹180 / ₹1,000 SA |
| 35 yrs | Not declared (we use 25-yr value) |
Plan 715 has its OWN FAB ladder, much smaller than the standard endowment ladder. At 25 years FAB is ₹180 — not the ₹450 you'd see in plain Endowment 714.
What the plan does pay for is the free life cover that continues from maturity to age 100. That's the structural argument for choosing 715, not a high terminal bonus.
SRB is flat across all term bands at ₹45 / ₹1,000. LIC has not yet published a FAB rate for the 35-year term in the March 2025 valuation, so the 35-year row is shown at the 25-year value as a conservative placeholder.
All declared rows for New Jeevan Anand (3)
| FY | Term band | SA slab | SRB ₹/1k | FAB ₹/1k | Notes |
|---|---|---|---|---|---|
| 2024-25 | 20 yrs | ₹5L band | 45 | 25 | Jeevan Anand has its own FAB ladder (smaller than standard endowment): 20-yr ₹25, 25-yr ₹180. The plan's distinctive feature is the free post-maturity cover until age 100 — NOT a high terminal bonus. |
| 2024-25 | 25 yrs | ₹5L band | 45 | 180 | Jeevan Anand has its own FAB ladder (smaller than standard endowment): 20-yr ₹25, 25-yr ₹180. The plan's distinctive feature is the free post-maturity cover until age 100 — NOT a high terminal bonus. |
| 2024-25 | 35 yrs | ₹5L band | 45 | 180 | LIC has NOT yet declared FAB at the 35-yr maturity for this plan in the March 2025 valuation; we conservatively show the 25-yr value as a placeholder. Treat this row as the lower bound. |
Source: licpolicyadvisor.in/bonus-rates/715/ (LIC Results of Valuation as at 31-03-2025).
Jeevan Lakshya Plan 733 Smaller FAB, but 110 % BSA maturity multiplier offsets it
Open the Jeevan Lakshya plan page →
| Policy term | Final additional bonus (FAB) |
|---|---|
| 13 yrs | ₹0 (below LIC's 15-yr FAB threshold) |
| 15 yrs | ₹15 / ₹1,000 SA |
| 20 yrs | ₹60 / ₹1,000 SA |
| 25 yrs | ₹200 / ₹1,000 SA |
Plan 733 has its own plan-specific FAB ladder — visibly smaller than standard endowment. At 25 yrs FAB is ₹200, vs ₹450 in plain Endowment 714.
The compensating feature is the 110 % maturity multiplier on BSA, plus the income-on-death benefit during the term. SRB is structured by maturity-AGE band (not term), with ₹49 / ₹1,000 for maturity age ≤ 55.
All declared rows for Jeevan Lakshya (4)
| FY | Term band | SA slab | SRB ₹/1k | FAB ₹/1k | Notes |
|---|---|---|---|---|---|
| 2024-25 | 13 yrs | ₹5L band | 49 | 0 | No FAB declared — duration below LIC's 15-yr FAB threshold. Maturity = 110% BSA + cumulative SRB. |
| 2024-25 | 15 yrs | ₹5L band | 49 | 15 | Jeevan Lakshya has its own smaller FAB ladder: 15-yr ₹15, 20-yr ₹60, 25-yr ₹200. The 110% BSA maturity multiplier compensates for the smaller terminal bonus. |
| 2024-25 | 20 yrs | ₹5L band | 49 | 60 | Jeevan Lakshya has its own smaller FAB ladder: 15-yr ₹15, 20-yr ₹60, 25-yr ₹200. The 110% BSA maturity multiplier compensates for the smaller terminal bonus. |
| 2024-25 | 25 yrs | ₹5L band | 49 | 200 | Jeevan Lakshya has its own smaller FAB ladder: 15-yr ₹15, 20-yr ₹60, 25-yr ₹200. The 110% BSA maturity multiplier compensates for the smaller terminal bonus. |
Source: licpolicyadvisor.in/bonus-rates/733/ (LIC Results of Valuation as at 31-03-2025).
Jeevan Labh Plan 736 Plan-specific FAB ladder, smaller than standard endowment
Open the Jeevan Labh plan page →
| Policy term | Final additional bonus (FAB) |
|---|---|
| 16 yrs | ₹20 / ₹1,000 SA |
| 21 yrs | ₹80 / ₹1,000 SA |
| 25 yrs | ₹250 / ₹1,000 SA |
Plan 736 has a limited-pay structure (PPT < term). The FAB ladder rewards holding past the premium-paying term, but the rewards are smaller than the standard endowment ladder used by Plan 714.
SRB rises slightly with term within the ₹5L–<₹10L SA band: ₹35 at 16 yrs, ₹37 at 21 yrs, ₹39 at 25 yrs.
All declared rows for Jeevan Labh (3)
| FY | Term band | SA slab | SRB ₹/1k | FAB ₹/1k | Notes |
|---|---|---|---|---|---|
| 2024-25 | 16 yrs | ₹5L–<₹10L | 35 | 20 | Jeevan Labh has a plan-specific FAB ladder (16-yr ₹20, 21-yr ₹80, 25-yr ₹250) — meaningfully smaller than the standard endowment ladder. |
| 2024-25 | 21 yrs | ₹5L–<₹10L | 37 | 80 | Jeevan Labh has a plan-specific FAB ladder (16-yr ₹20, 21-yr ₹80, 25-yr ₹250) — meaningfully smaller than the standard endowment ladder. |
| 2024-25 | 25 yrs | ₹5L–<₹10L | 39 | 250 | Jeevan Labh has a plan-specific FAB ladder (16-yr ₹20, 21-yr ₹80, 25-yr ₹250) — meaningfully smaller than the standard endowment ladder. |
Source: licpolicyadvisor.in/bonus-rates/736/ (LIC Results of Valuation as at 31-03-2025).
Pending verification (12)
Show plans →
Participating LIC plans we know exist but haven't published a verified bonus row for yet. We'll add their FY 2024-25 SRB and FAB once cross-checked against the official LIC valuation circular.
| Plan | Plan no. | Category |
|---|---|---|
| Amritbaal | 774 | Endowment |
| Bima Jyoti | 860 | Endowment |
| Nav Jeevan Shree | 912 | Endowment |
| Bima Lakshmi | 881 | Endowment |
| Jeevan Umang | 745 | Whole-life |
| Jeevan Utsav | 871 | Whole-life |
| Jeevan Utsav (Single Premium) | 883 | Whole-life |
| Bima Shree | 848 | Money-back |
| New Money Back — 20 Years | 720 | Money-back |
| New Money Back — 25 Years | 721 | Money-back |
| New Children's Money Back | 932 | Money-back |
| Jeevan Tarun | 934 | Money-back |
Plans without SRB/FAB (25)
Show plans →
Not every LIC plan is bonus-bearing. Term plans pay no maturity benefit; annuity plans replace bonuses with a guaranteed payout rate; ULIPs are NAV-based; non-par endowments declare a guaranteed addition instead.
- Digi Term 876 Term
- Digi Credit Life 878 Term
- Yuva Credit Life 877 Term
- Yuva Term 875 Term
- New Tech-Term 954 Term
- New Jeevan Amar 955 Term
- Saral Jeevan Bima 859 Term
- Bima Kavach 879 Term
- New Pension Plus 867 Pension
- Jeevan Akshay-VII 857 Pension
- New Jeevan Shanti 758 Pension
- Saral Pension 862 Pension
- Smart Pension Pension
- Index Plus 873 ULIP
- Nivesh Plus 849 ULIP
- SIIP 852 ULIP
- Protection Plus 854 ULIP
- Jan Suraksha 880 Micro-insurance
- Accident Benefit Rider Rider
- Premium Waiver Benefit Rider Rider
- Accidental Death & Disability Rider Rider
- New Term Assurance Rider Rider
- Linked Accidental Death Benefit Rider Rider
- Critical Illness Health Rider Rider
- Female Critical Illness Benefit Rider Rider
Download the Dataset
The same rows as a machine-readable file. Free to use under CC-BY-4.0 with attribution to asymmetrica.in.
Suggested citation: Asymmetrica. "LIC Bonus Rates 2024-25" (v0.5.0, 2026-05-02). https://asymmetrica.in/datasets/lic-bonus-history/
FAQ
How are these bonus rates declared?
Each year LIC's actuarial committee runs a valuation on the participating fund. The surplus is distributed back to policyholders as a declared bonus rate per ₹1,000 sum assured per year, by plan and by term band. Declarations typically happen in September, applied to the financial year just ended.
Why is your number different from another LIC site's number?
Most aggregator sites republish a single FAB figure without specifying the term band or SA slab it applies to. FAB varies sharply across bands (Plan 714 declares ₹450/₹1,000 at 25 years but ₹70 at 20 years). The per-plan section names the term band and SA slab for every figure we publish so the comparison is apples-to-apples.
Are these rates guaranteed for the future?
No. Past bonus declarations are useful as a planning input — they tell you what LIC has paid recently — but they are not a contractual promise about what they will pay in future years.
Why don't you cite the LIC PDF for FAB?
We do — for SRB. We OCR'd LIC's annual valuation circular and confirmed it carries SRB tables for every plan. The FAB tables in the same circular, however, only cover older plan groups (Groups 1, 2, 11, 12, 13 and the like). For the newer-series plans on this site (714, 715, 717, 733, 736) we reproduce FAB from third-party publications and label the row source explicitly. We'd rather surface the gap than paper over it.
Where can I see the math the calculators run?
See the plan calculators for live projections, and the policy analyzer for a multi-policy hold-vs-surrender comparison. Both pull SRB and FAB straight from this page's data file — no double-entry.