DID YOU KNOW:
Government of India is the only shareholder for LIC.
There is no term called 'Profit' in LIC. Ever year, valuation is done and 'surplus' is arrived at, out of which 5% is given to Government as dividend and ninety five percent is given back to policyholders as bonus.
Government of India is the only shareholder for LIC.
There is no term called 'Profit' in LIC. Ever year, valuation is done and 'surplus' is arrived at, out of which 5% is given to Government as dividend and ninety five percent is given back to policyholders as bonus.
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