LIC net actuarial surplus up 10% to Rs 22,716 cr in FY11
Source: ZEEBIZ.com
Rs.1,135 Cr. dividend for Govt.'s Rs.5 Cr. investment!
22700% (yes, 22,700%!) return on investment!!
Rs.21,580 Cr. (95% of surplus) distributed
to policyholders as bonus!
No Doubt!
LIC...8th wonder of the world!
State-owned life insurance giant LIC has recorded a 10 percent jump in net actuarial surplus for the 2010-11 fiscal at Rs 22,716 crore which has helped it declare an additional bonus for seven of its 'with-profit plans.'
Life Insurance Corporation will be paying a bonus of Rs 21,580 crore to the policyholders, up from last fiscal's Rs 19,557 crore, while Rs 1,135 crore has been allocated as government's share against Rs 1,029 crore the year before, its Executive Director (Corporate Communications) Vipin Anand told reporters here.
It has increased the bonus component for seven 'with profit plans' like
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