LIC of India’s Bonus rate declared for 2017-18

LIC of India’s Bonus rate declared for 2017-18

Life Insurance

LIC of India has declared Bonus rate on 23/08/2017 for all its with profit policies. Every year Actuarial Department of LIC¬†do the valuation and declares the bonus rates. These bonus rates are applicable for policy year entered upon¬†during the inter-valuation period i.e. 01/04/2016 to 31/03/2017 and in force for full sum¬†assured as at 31/03/2017. It will be applicable to policies resulting from claims by death or¬†maturity (including those discounted within one year of maturity) or surrendered on or¬†after 01/01/2018. Continue reading “LIC of India‚Äôs Bonus rate declared for 2017-18”