Volatility in Bonus Rates

Posted on November 8, 2011. Comments(7)     Status: RTI Leaks

I would like to know from LIC of india

1) There was a drastic reduction in the FInal Additional Bonus/Terminal Bonus which is paid at the time of maturity/death

The reason for asking is that how can there be so much difference with in one year where the majority of investment is done in debt market .

For example

 

Date                      Term                             Rate

5/12/09              20                                 300 Per thousand

29/10/10           20                                     70 Per thousand

On a policy of Rs 1 Lac that translates in to a difference of Rs 23,000.

7 Responses to Volatility in Bonus Rates

    • Anand - RTI Anonymous Team Member says:
      November 8, 2011 at 8:08 PM

      Moving this to Drafted RTI’s (Ready to Print) Category basedon Mr. jp50′s drafted RTI, thats been attached

      Thanks JP Sir.

  2. admin, RTI Anonymous Team says:
    January 20, 2012 at 11:43 PM

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  3. Chokhani says:
    January 30, 2012 at 12:00 AM

    Dear Sir

    Thank you for taking the matter

    I feel LIC is avoiding the real answer and taking shelter under commercial confidence
    clause

    Can you send the scanned copies of reply including valuation report 2010 on my email-id so that I can analyse the same and put further queries to you

    • Anand says:
      January 30, 2012 at 1:35 AM

      Dear Sir,
      All that you need to do is right-click the each photo/document about. Then you click on “save image as” and save all the documents to your hard-drive.

      You do not anybody to send you any of the documents to an email.
      I hope this helps. If not, Please let me know, by sending ur phone number (and a convenient time for you) to my personal email address at andakavoo@gmail.com and I will call you and teach you on how to download from the website, directly to your computer

  4. santosh742598 says:
    February 24, 2012 at 8:54 PM

    Great work done
    Thank You.

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