I have heard that LIC declared a dividend for LIC policy holders last year or a year ago. Could you please let me know if the amount actually gets accumulated and is paid at the end of the policy or is it paid thru a cheque in the same year of declaration of dividend?
RE:LIC dividend
by raj pavan on Apr 29, 2007 10:09 PM Permalink
The amount gets accumulated and is paid on the date of maturity or risk which ever is earlier.
