mumbai stateowned life insurance giant lic has recorded 10 per cent jump in net actuarial surplus to rs 22716 crore for 201011 which has helped it to declare an additional bonus for seven of its withprofit planslife insurance corporation will be paying a bonus of rs 21580 crore to policyholders up from last fiscals rs 19557 crore while rs 1135 crore has been allocated as governments share against rs 1029 crore the year before its executive director corporate communications vipin anand told reporters hereit has increased the bonus component for seven with profit plans like jeevan anand jeevan shree i and jeevan bharti i among others he saidactuarial surplus is amount by which the value of a companys fund exceeds the amount it must pay out in benefitsthe corporation which celebrated its 55th anniversary yesterday collected rs 203358 crore in premium last fiscal accounting for 6870 per cent of the market anand addedhowever lack of popular offerings like market plus in its product suite has resulted in a negative growth on premiums for the fourmonth period ended july 31 2011 even though its market share grew to 7243 per cent its executive director marketing s roy chowdhury saidhe said lic is mulling launch of newer products in the near future both in the offline and online spaceanand said last fiscal announcement of doing away with the ulip policies from september 1 2010 had created additional interest among the public he sounded confident of growth in premiums in the second halfboth the executive directors however declined to give details on the soon to be launched products from the insurance behemothas on march 31 2011 the corporations total assets stood at rs 1317416 crore up from rs 1152057 crore in the previous fiscal while the solvency ratio stood at a comfortable 15407 per cent as against the prescribed 150 per cent