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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.
1. Law Settled, fixed, or absolute; being without contingency: a vested right. 2. Having full ownership rights, especially after certain conditions such as a period of service, have been met: vested stock options; an employee vested in a retirement account. 3. Dressed or clothed, especially in ecclesiastical vestments.