LIC's stake in IDBI Bank to be sold along with govt's: DIPAM
Business | July 09, 2021 21:50 ISTThe central government and LIC together own more than 94 per cent equity of IDBI Bank.
The central government and LIC together own more than 94 per cent equity of IDBI Bank.
Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders.
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.
LIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
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 Central government on Thursday notified the revised pay packets for LIC employees. The wage revision is effective from 1.8.2017.
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.
The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS).
LIC has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in the country.
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.
LIC workers in Coimbatore protested against Centre's move of disinvestment in the corporation.
During the Union Budget on Monday, Finance Minister Nirmala Sitharaman said that the initial public offering of LIC will be brought in through requisite amendments in the session itself.
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.
Listing of Life Insurance Corporation (LIC) and sale of government's stake in IDBI Bank may be delayed beyond March 2021, due to depressed valuation amid COVID-19 pandemic, news agency PTI reports quoting sources.
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.
The Life Insurance Corporation, India's biggest life insurer on Saturday announced an extension of 30 days for payment of premium due in March and April 2020 to mitigate the hardships being faced by policyholders in the wake of COVID-19.
LIC Policy ALert! Are you LIC policyholder and also holding Aadhaar card? Then here is a good news for you during the coronavirus crisis. LIC's Aadhaar Stambh (Plan-843) is one such scheme that is customised specially for Aadhaar card holding males to generate around Rs 4 lakh money after maturity. Apart from being a premium small savings scheme, Aadhaar Stambh also gives investors good after death benefits too.
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