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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. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future.A vested interest is an entitled benefit, which can be conveyed to a separate party.There is usually a vesting period before the claimant can gain access to the asset or property.Due to the right of ownership, the benefit can not be taken away i.e. the vested funds are not contingent on any action or inaction. 2.EFINITION of 'Vested Interest'. 1. The lawful right of an individual or entity to gain access to tangible or intangible property now or in the future.