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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.
But do you know what it means to be vested in your 401(k)? Vested Definition. Putting it simply, vested is a term used to determine how much of your 401(k) funds you can take with you when you leave your company. Vesting refers to the ownership of your 401(k). While all the money that you personally have contributed to your 401(k) is yours and will go with you if you choose to leave your position, the terms may be a bit different when it comes to your employer match.