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Regular-article-logo Monday, 12 May 2025

LIC HIKES BONUS RATES 

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FROM OUR CORRESPONDENT Published 15.11.00, 12:00 AM
Mumbai, Nov 15 :    Mumbai, Nov 15:  The Life Insurance Corporation of India (LIC) has hiked the bonus rates for the year 1999-2000 for long-term insurance policies. Bonus rates for the year 1999-2000 for whole life type policies range from Rs 95 to Rs 106 as compared with last year's rates of Rs 93 to Rs 104. For endowment type policies, the bonus rates range from Rs 56 to Rs 89 as against the previous years slab of Rs 58-87. In a press statement, the insurance major stated that bonus rates for money-back anticipated endowment range from Rs 53 to Rs 72 for the current year, as against Rs 53 to Rs 79 in the previous year. The bonus for Jeevan Surabhi policies ranges from Rs 56 to Rs 80 against Rs 58 to Rs 75 announced last year. Jeevan Mitra, Jeevan Sathi and limited endowment policies range from Rs 67 to Rs 91. There are no comparative figures for the last year as the policies were introduced in the year under review. In addition to these simple revisionary bonus rates, additional bonus rates were also announced for policies fulfiling the stipulated conditions depending upon the term and sum assured for the policy.    
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