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, Works at Life Insurance Corporation of India. Vested Bonus is the bonus which is already accumulated in you policy at the end of particular financial year. Every year LIC declares bonus in its Participating/with profit policies according to valuation of actuarial department of LIC.
Definition of vested interest. 1  1 : an interest (as a title to an estate) carrying a legal right of present or future enjoyment; specifically : a right vested in an employee under a pension plan. 2  2 : a special concern or stake in maintaining or influencing a condition, arrangement, or action especially for selfish ends.