LIC International offers a wide spectrum of Capital Protected plans like;

  1. Children’s Professional Education Plan
  2. Participating Marriage and Education Plan
  3. Jeevan Anand – Whole of Life Plan
  4. Cash Back Plan
  5. Participating Endowment Plan
  6. Deferred Annuity Plan

These policies are in US Dollar Denomination, hence an expat in UAE can save in such plans, without worrying about currency depreciation.

The returns provided by these plans are based on the Bonus declared by LIC International each year.

Bonus Calculation – How it works?

In layman terms, the Bonus paid by an insurance company can be defined as the extra payment added to the policy each year; over and above the Sum Assured of the policy.

Like how companies pay a dividend to its shareholders when they make a profit, Life Insurance companies declare a bonus each year based on the profit or surplus generated during that year.

This surplus is the excess of assets over the liabilities of the insurance company during the year. This surplus is distributed amongst the policy owners each year as Bonus.

LIC International Bonus History

Year Endowment
Regular Bonus
less than 10 yrs 11 -20 yrs above 20 yrs
1990 17 17 17
1991 17 17 17
1992 17 17 17
1993 17 17 17
1994 17 17 17
1995 17 17 17
1996 17 17 17
1997 17 17 17
1998 17 17 17
1999 20 20 20
2000 20 20 20
2001 20 20 20
2002 21 21 21
2003 22 22 22
2004 23 23 23
2005 24 24 24
Year Endowment
Regular Bonus
less than 10 yrs 11 -20 yrs above 20 yrs
2006 25 25 25
2007 26 26 26
2008 28 28 28
2009 29 29 29
2010 29 30 31
2011 30 31 32
2012 30.5 32 33
2013 29.5 31 32
2014 30.5 32 33
2015 30.5 32 33
2016 31 32.5 32.5 33.5
Year Endowment – single
Regular Bonus
less than 10 yrs 11 -20 yrs above 20 yrs
1990 17 17 17
1991 17 17 17
1992 17 17 17
1993 17 17 17
1994 17 17 17
1995 17 17 17
1996 17 17 17
1997 17 17 17
1998 17 17 17
1999 20 20 20
2000 20 20 20
2001 20 20 20
2002 21 21 21
2003 22 22 22
2004 23 23 23
2005 24 24 24
Year Endowment – single
Regular Bonus
less than 10 yrs 11 -20 yrs above 20 yrs
2006 25 25 25
2007 26 26 26
2008 28 28 28
2009 29 29 29
2010 29 30 31
2011 30 31 32
2012 30.5 32 33
2013 27.5 27.5 27.5
2014 27.5 29 30
2015 27.5 29 30
Year Endowment – single
Regular Bonus
upto 10 yrs 11 -15 yrs 16 -20 yrs above 20 yrs
2016 28 29.5 29.5 30.5
Year
1990 17
1991 17
1992 17
1993 17
1994 17
1995 17
1996 17
1997 17
1998 17
1999 20
2000 20
2001 20
2002 21
2003 22
Year
2004 23
2005 24
2006 25
2007 26
2008 28
2009 29
2010 30
2011 31
2012 32
2013 31
2014 32
2015 32
2016 32.5
Year Cash Back
Regular Bonus
Term 12 Term 15 Term 18 <=20 yrs
1990 17 17 17 17
1991 17 17 17 17
1992 17 17 17 17
1993 17 17 17 17
1994 17 17 17 17
1995 17 17 17 17
1996 17 17 17 17
1997 17 17 17 17
1998 17 17 17 17
1999 19 19 19 19
2000 19 19 19 19
2001 19 19 19 19
2002 20 20 20 20
2003 21 21 21 21
2004 22 22 22 22
2005 22 24 24 24
2006 24 25 25 25
2007 25 26 26 26
2008 27 28 28 28
2009 28 29 29 29
Year Term<=15 Term >15
2010 29 30
Year Term<=15 16-20 Term >20
2011 30 31 32
2012 31 32 33
2013 30 31 32
2014 31 32 33
2015 31 32 33
Year Term<=15 16-20 Term 25
2016 31.5 32.5 33.5
ear Deferred annuity plans
Regular Bonus
upto 5 yrs 6-10 yrs 11-15 yrs above 15 yrs
2006 22 22 22 22
2007 23 23 23 23
2008 25 25 25 25
2009 26 26 26 26
2010 26 27 27 28
2011 27 28 28 29
2012 27.5 28.5 29 30
2013 26.5 27.5 28 29
2014 27.5 28.5 29 30
2015 27.5 28.5 29 30
2016 28 29 29.5 30.5

Summary

It is evident from the above tables that LIC International has been very consistent with Bonus declaration every year since inception.

Also, the bonus has been consistently growing each year. Given the capital protection and consistent Bonus History, LIC international plans are an attractive investment option.

To know more about LIC International plans, feel free to arrange a free initial meeting with me by filling the following form or call me on 050-2285405.



 

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