In the context of LIC (Life Insurance Corporation of India), 4% and 8% likely refer to the guaranteed interest rates provided by LIC on certain insurance policies. These rates are associated with participating or with-profit insurance plans.

  1. 4%: In the past, LIC used to declare a minimum guaranteed interest rate of 4% per annum on the sum assured for traditional participating policies. This means that regardless of market fluctuations or the company's performance, the policyholder would receive a minimum interest rate of 4% on the sum assured.
  2. 8%: Similarly, LIC used to declare an 8% bonus rate on the sum assured for traditional participating policies. The bonus is the share of the company's profits that is allocated to policyholders as a percentage of the sum assured. This bonus rate could vary from year to year, but the minimum guaranteed bonus rate was typically 8% per annum.

It's important to note that LIC's policies and the declared interest rates are subject to change over time and depend on the company's financial performance and prevailing economic conditions. Moreover, since my knowledge is up-to-date only until September 2021, there might have been updates or changes to LIC's policies or interest rates after that date.

If you are considering an LIC policy or want to know the current interest rates and bonuses offered, I recommend reaching out to an authorized LIC agent or visiting LIC's official website to get the most recent and accurate information.

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