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The results of valuation as at 31.03.2008 have been announced. The result show that the Corporation has 23.39 crore for in force policies in its books. The Reversionary Bonus level has been maintained at the last year’s level. However, the Final Additional Bonus has been increased ranging from 11% to 40% for terms spanning between 20 years and 40 years.
The amount distributed to the Policyholders by way of bonuses is Rs. 18,885.40 crores as against Rs. 17,231.30 crores of last year showing an increase of 9.6%.
The dividend paid to the Government this year is Rs. 827.93 crores as against Rs. 756.36 in the previous year.
The Corporation has provided for 152% of the prescribed Solvency margin as against the stipulated 150%.
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