Lic Bonus For Policyholders

The Life Insurance Corporation of India (LIC) has declared a total valuation surplus of Rs 9,733 crore for the financial year 2002-03 as against Rs Rs.8637.50 Crore in the previous financial year.

The corporation has also announced bonus for its policyholders for the year 2002-03 pursuant to the actuarial valuation as on March 31, 2003.

The bonus rates declared by LIC shows a marginal adjustment over the last year because of the fall in average yield on investments owing to overall declining interest rate scenario.

Out of the surplus declared, 95 per cent i.e. Rs 9,246 crore (Rs.8,205.62 crore in 2001-02) is distributed as bonus to the holders of