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Bonus Information - Life Insurance Corporation of India 2008-2009 All this “bonus rates” is always declares on the sum assured instead of the amount you deposit [premiums] to the LIC.
So if you have a policy of Rs2, 00, 000 with a premium of Rs10, 000 per annum and the bonus rate is 5.5% then your this year bonus amount will be Rs11, 000 [5.5% of 2, 00, 000] and not Rs1100/ Click on the following Link 1) VALUATION RESULTS FOR THE YEAR 2008-2009 :- 2) VALUATION RESULTS FOR THE YEAR 2007-2008 3) SUMMARY OF VALUATION RESULTS FOR 2006-2007 4) Rs.11,784.58 crore Bonus from LIC to its Policy Holders for the year 2005-06 5) Rs.13,209 crore Bonus from LIC to its Policy Holders for the year 2004-05! 6) Rs.10,388 crore Bonus from LIC to its Policy Holders for the year 2003-05! The results of valuation as at 31.03.2009 have been announced. The results show that the Corporation has 25.78 crores of in force policies in its books. The Reversionary Bonus level has been maintained at the last year's level. However, the Final Additional Bonus has been increased ranging from 3% to 24% for terms more than 25 years. The amount distributed to the Policyholders by way of bonuses is Rs. 17621.71 crores as against Rs. 15730.72 crores of last year showing an increase of 12.02%. The dividend paid to the Government this year is Rs. 927.46 crores as against Rs. 827.93 in the previous year. The Corporation has provided for 153.77% of the prescribed Solvency margin as against the stipulated 150%. |
