Highest insurance bonus pay-out

Update: 1:12PM LIFE Insurance Corporation of India (LICI) will pay a $9million bonus to its policy holders this year, which is the highest amount paid in any year so far.

Speaking at the profit announcement today, LICI Fiji operation’s general manager Vimlesh Dhar said the  company had been paying consistent high bonuses to its customers over the years.

Mr Dhar  said LICI paid out 95 per cent of its distributable surplus to its policy holders.

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