Welcome to LIC Lanka - Your Trusted Partner for Life Insurance & Financial Security. Explore our comprehensive range of insurance plans designed for Sri Lankan families.

Current Bonus Rate

LKR 50 per 1000

For 2024-2025

Bonus Declaration

Annually in March

Based on company performance

Bonus Calculator

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Bonus History

View past bonus rates

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Bonus Calculator

Types of Bonuses

Simple Reversionary Bonus

Annual bonus declared on the sum assured, payable at maturity or death.

  • Declared annually
  • Compounded yearly
  • Guaranteed addition
  • Tax-free benefit

Terminal Bonus

Additional bonus paid at maturity or death, based on company performance.

  • Performance-based
  • Paid at maturity/death
  • Variable amount
  • Additional benefit

Interim Bonus

Bonus paid for policies that mature or claim during the financial year.

  • Paid during year
  • For early claims
  • Pro-rated amount
  • Fair distribution

Bonus Payment Options

Cash Payment

Receive bonus as cash payment at maturity or death

  • Direct bank transfer
  • Immediate availability
  • Full amount paid
  • Tax implications apply

Bonus Addition

Add bonus to existing policy to increase sum assured

  • Increases sum assured
  • Higher future bonuses
  • No additional premium
  • Compound growth

Paid-up Policy

Use bonus to pay future premiums and maintain policy

  • No premium payment
  • Policy remains active
  • Reduced sum assured
  • Continued coverage

Frequently Asked Questions

How is bonus calculated?

Bonus is calculated as a percentage of the sum assured. For example, if the bonus rate is LKR 50 per 1000 and your sum assured is LKR 1,000,000, your annual bonus would be LKR 50,000.

When is bonus declared?

Bonus is declared annually in March based on the company's performance and financial results. The declared bonus rate is effective from April 1st of that year.

Is bonus guaranteed?

Simple reversionary bonus is guaranteed once declared. However, the rate may vary from year to year based on company performance. Terminal bonus is not guaranteed and depends on company profits.

How can I check my bonus?

You can check your bonus information through our customer portal, by visiting any LIC branch, or by calling our customer service helpline. You can also use our online bonus calculator for estimates.

Is bonus taxable?

Bonus received at maturity or death is generally tax-free under current tax laws. However, tax implications may vary based on individual circumstances and policy terms. Please consult a tax advisor for specific advice.

Need More Information?

Call Us

+94 11 255 2277

Monday - Friday: 08.30 AM - 05.00 PM

WhatsApp

+94 77 123 4567

Available for your convenience

Email

bonus@liclanka.com

We'll respond within 24 hours

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