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LIC Product and Forms
LIC OF INDIA
 
Postal Schemes
Kisan Vikas Patras (KVP)
Period during
which opened
Maturity period Maturity Value
From To
01.04.88 15.12.91 Five Years and six months Double the face value
16.12.91 23.04.92 Five Years and six months Rs. 2100/- for a
denomination of Rs. 1000/-
24.04.92 10.09.93 Five Years Double the face value
02.09.93 31.12.98 Five Years and six months Double the face value
10.01.99 14.01.2000 Six Years Double the face value
15.01.2000 28.02.2001 Six Years and six months Double the face value
01.03.2001 28.02.2002 Seven Years and Three months Double the face value
01.03.2002 28.02.2003 Seven Years and Eight months Double the face value
01.03.2003 30.11.2011 Eight Years and Seven months Double the face value
01.12.2011 onwards Scheme Closed N A
 
Amount Payable in case of Premature Closure
Period from the date of the certificate to the date of its encashment Amount payable in respect of
denomination of Rs. 1,000.00 (in Rs.)
02.09.93 -
31.12.98
01.01.99 -
14.01.00
15.01.00 -
28.02.01
01.03.01 -
28.02.02
01.03.02 -
28.02.03
01.03.03 -
onwards
Two years and six months or more but less than Three years 1310 1280 1246 1209 1195 1170.51
Three years or more but less than Three years and six months 1420 1380 1302 1274 1256 1207.50
Three years and six months or more but less than Four years 1500 1450 1407 1327 1305 1267.19
Four years or more but less than Four years and six months 1620 1560 1478 1409 1382 1310.80
Four years and six months or more but less than Five years 1730 1650 1585 1470 1439 1355.90
Five years or more but less than Five years and six months 1860 1770 1668 1572 1534 1435.63
Five years and six months or more but less than Six years 2000 1870 1779 1644 1602 1486.49
Six years or more but less than Six years and six months   2000 1874 1770 1672 1543.20
Six years and six months or more but less than Seven years and three months     2000 1857    
After Seven years and three months       2000    
Six years and six months or more but less than Seven years         1800 1649
Seven years or more but less than Seven years and eight months         1883  
After Seven years and eight months         2000  
Seven years or more but less than Seven years and six months           1713.82
Seven years and six months or more but less than Eight years           1781.06
Eight years or more but less than Eight years and seven months           1850.93
 
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