Shri D.K.Mehrotra, Current-in-charge Chairman ofthe Life Insurance Corporation of India handed over a cheque for Rs1137,99,41,904/- to Shri Pranab Mukherjee, Union Finance Minister in New Delhi
on 13th March 2012.
The amount is the Dividend paid by LIC to the Union Government for the year
2010-11. LIC had declared a Valuation surplus of Rs 22752.71 crores for the financial year ending 2011. This surplus was arrived at, after the annual Actuarial Valuation was done and all liabilities were accounted. The balance amount of Rs21614.72 crores would be ploughed back to the policyholders as bonus.
For the FY 2010-11, LIC has received a Total Premium Income of Rs 203358 crores as against Rs 185986 crores in the previous showing a growth rate of 9.34percent.
Source : www.licindia.in
on 13th March 2012.
The amount is the Dividend paid by LIC to the Union Government for the year
2010-11. LIC had declared a Valuation surplus of Rs 22752.71 crores for the financial year ending 2011. This surplus was arrived at, after the annual Actuarial Valuation was done and all liabilities were accounted. The balance amount of Rs21614.72 crores would be ploughed back to the policyholders as bonus.
For the FY 2010-11, LIC has received a Total Premium Income of Rs 203358 crores as against Rs 185986 crores in the previous showing a growth rate of 9.34percent.
Source : www.licindia.in
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