Life Insurance Corporation (LIC) today said it has paid over Rs 1,030 crore dividend for 2009-10 to the government last week.
LIC paid 5 per cent of its surplus amount of Rs 23,478 crore to the government as dividend, while ploughing back the remaining 95 per cent to the policyholders as bonus, the insurer said in a statement here.
The check was handed over to Finance Minister Pranab Mukherjee by LIC Chairman T S Vijayan.
