After distributing 95 per cent of the surplus to policy holders as bonuses, the balance of 5 per cent amounting to Rs 2,206.70 crore was the share of the government, LIC said in a statement.
LIC Chairman V K Sharma, presented the valuation surplus cheque to Finance Minister Arun Jaitley as the government's share of the surplus arising out of the actuarial valuation as on March 31, 2017.
The insurer manages assets worth more than Rs 25.72 lakh crore and had annual income of Rs 4.92 lakh crore in the year 2016-17.
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