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Question
______ of net surplus of a life insurance company is given to policyholders as bonus.
______ of net surplus of a life insurance company is given to policyholders as bonus.
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Solution
The correct option is C 95%
As per the LIC Act, the Corporation has to distribute 95 per cent of its surplus to policyholders as bonuses, the balance of 5 per cent amounting to Rs 2,206.70 crore was the share of the government.
As per the LIC Act, the Corporation has to distribute 95 per cent of its surplus to policyholders as bonuses, the balance of 5 per cent amounting to Rs 2,206.70 crore was the share of the government.
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