According to a report, Life Insurance Corporation on Thursday announced has announced a special one- time bonus ranging from 5 to 60 thousand as the part of their Diamond Jubilee Celebrations.
Notably this move will benefit over 29 crore individual policyholders of national insurer and will also benefit over 12 lakh policyholders.
The scheme will convert into Rs. 500 for a policyholder with an assured sum of 1,00,000 or Rs. 6000 depending upon the duration of policy , which means older the policy or closer to the maturity date, maximum the profit.
All the policies in force as of March 31st , 2016, and existing on or after September 1, 2016 will be eligible for the bonus.