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5 Important things to know about LIC BONUS........ 1. What is Bonus? When LIC makes a profit, it distributes a part of it to its policy holders and this is called Bonus. 2. Who is eligible? Only "participatory" policies qualify for Bonus. 3. How is it Calculated? Bonus is declared as a certain amount per Rs. 1000 sum assured for your policy. 4. Revisionary Bonus The bonus gets declared every year and accumulated till maturity. 5. Final Additional Bonus This is a one Bonus declared at the time of maturity or death.
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