As we all are aware that LIC gives bonus on few selected insurance plans. These bonus rates are declared every year and once declared it will be added to your policy. The bonus is payable on maturity.

LIC of India, recorded 10.3% increase in the net actuarial surplus, which is Rs.22,716 crore for 2010-11, compared to Rs.20,586 crore in the last year. LIC will distribute Rs.21,580 crore amongst LIC policy holders as an annual bonus. LIC pays 95% of its profit to policy holders and remaining 5% to the government.

The new higher bonus will be applicable to all policies which are due in claims on or after January 1, 2012.

LIC policy holders will be getting higher bonus for the following plans:

• Jeevan Anand
• Jeevan Tarang
• Jeevan Madhur
• Child Future Plan
• Jeevan Shree I
• Jeevan Bharti I
• Jeevan Pramukh.

LIC has also brought seven other plans under loyalty additions, these plans are:

• Jeevan Saral
• Jeevan Aastha
• Jeevan Sneha
• Jeevan Sanchay
• Children’s money back
• Jeevan Vishwas
• Bima Nivesh Triple Cover

The final additional bonuses and bonus for rest of the plans with profit have been remained as last year.

LIC Jeevan Arogya (Table No. 903) is a unique non linked Health Insurance plan, which provides health insurance cover against certain specified health risks. This health insurance also provides term assurance and accident benefits as rider.

LIC of India’s Jeevan arogya offers fixed benefits for hospitalization and almost all types of surgical procedures.

LIC Jeevan Arogya features:

• Financial protection in case of hospitalization and surgery.
• Increasing Health cover every year.
• Lump sum benefit irrespective of actual medical costs.
• No claim benefit
• Flexible benefit limit to choose from
• Flexible premium payment options
• Spouse, Children, Parents and Parents-in-law can also be covered under this policy
• Term Assurance Rider and Accident Benefit Rider available

LIC Jeevan Arogya benefits:

• Hospital cash benefit (HCB)
• Major Surgical Benefit (MSB)
• Day Care Procedure Benefit
• Other Surgical Benefit
• Ambulance Benefit
• Premium waiver Benefit (PWB)

There wont be any maturity/death benefit unless term assurance rider has been opted.

Premium for basic plan will be guaranteed for 3 years only and it can be renewed every third year.