The government has extended the superannuation age of IPO-bound LIC Chairman to up to 62 years by making amendment to the Life Insurance Corporation of India (Staff) Regulations, 1960.
The Life Insurance Corporation (LIC) has launched a new annuity plan. The new scheme is called -- LIC Saral Pension plan.
The purpose of this card is to expand the gift card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in future foray into the market of e-gift cards, LIC CSL said in a statement.
LIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
The Cabinet Committee on Economic Affairs (CCEA) has given its in-principle approval for strategic disinvestment along with transfer of management control in IDBI Bank Ltd.
LIC Saturday Holiday, Salary hike: LIC employees will now get off on Saturday. The government has also announced salary hike for LIC employees.
LIC Kanyadan policy seeks to help parents with low earnings in raising a corpus for the marriage of daughters.
The much-anticipated initial public offering (IPO) of Life Insurance Corporation of India (LIC) can bring in Rs 1 lakh crore for the government, said the Chief Economic Adviser (CEA) K.V. Subramanian.
Bima Jyoti provides a guaranteed lumpsum payment on maturity and financial support to the family in case of untimely death of the policyholder during the policy-term.
The LIC Amendment Act has been made part of the Finance Bill, thereby bringing the required legislative amendment for launching IPO of the country's largest life insurer.
The initial public offering of LIC may hit the market in the fourth quarter of next financial year, and the government has introduced amendments to the Life Insurance Corporation Act 1956 to facilitate this, Economic Affairs Secretary Tarun Bajaj said on Wednesday.
The initial public offering (IPO) of India's largest insurance company LIC is likely after October this year, a top official said on Tuesday laying out the government's divestment calendar that includes completing the sale of flag carrier Air India and oil firm BPCL within the first half of the next fiscal.
Finance Minister Nirmala Sitharaman's plans to divest government control of large companies such as Air India and Bharat Petroleum Corp Ltd failed to make much headway in the current fiscal year because of the pandemic.
The Life Insurance Corporation of India (LIC) on Thursday launched a campaign to encourage individuals to continue their risk cover, amid the coronavirus pandemic, where lapsed policies can be revived.
A stake sale in LIC is crucial for meeting a record Rs 2.1 lakh crore disinvestment target set for the current fiscal ending March 31, 2021
To encourage the continuation of risk cover in this difficult period, insurance behemoth LIC on Sunday said it will provide an opportunity for its policyholders to revive their lapsed policies.
Yes Bank on Thursday said LIC has acquired close to 5 per cent shareholding in the bank by purchasing shares from the open market. With the fresh acquisition, the hold of LIC has increased from 0.75 per cent to 4.98 per cent, Yes Bank said in a regulatory filing.
Life Insurance Corporation on Thursday declared a marginal 1.31 per cent higher policy payout at Rs 2,54,222.3 crore for 2019-20 despite the insurer logging in the best-ever show on new business premium that jumped 25.2 per cent to Rs 1,77,977 crore.
Kick-starting the process of LIC disinvestment, the Finance Ministry on Friday invited bids from consulting firms, investment bankers, and financial institutions for advising it on the proposed initial public offer.
LIC Pension Plan: Life Insurance Corporation of India (LIC), India's largest insurer has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY) for senior citizens aged 60 years and above. LIC's PMVVY pension scheme is non-linked and non-participating subsidized by the Centre.
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