JAITLEY 2 LAST(BCM9)

Roy also announced that as part of the Diamond Jubilee Roy also announced that as part of the Diamond Jubileecelebrations, the Corporation will pay a one-time specialbonus to policyholders over and above the annual payout of itsprofit sharing. As per the LIC Act, the Corporation has to share 95 percent of its profit, which in LIC’s parlance is called’surplus’ has to be shared with the policyholders and the restwith the government as its owner. Accordingly, in 2014-15, LIC had paid Rs 34,283 croreas regular annual bonus to the policyholders. PTI BEN NRBSAJMF