At the annual general meeting of Income, I asked a question about the bonus declared on life annuities. I observed that the bonus were declared to reflect an investment yield of about 5.5%. The actual investment yield earned by the life fund was 7.8% during the past 10 years. It seems to be justified for a higher bonus to be given to the annuitants.
I asked the board to consider this matter for the future, as they have already decided on the bonus declared for the current year.
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