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  LIC transfers Rs 1,644-crore surplus to Central government

  Dec 17, 2014, 07:40 AM IST

  New Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented

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  LIC favours raising FDI cap in insurance sector to 49 per cent

  Sep 14, 2014, 10:17 AM IST

  New Delhi: Public sector insurer LIC has lent its support to government's proposal of raising the FDI limit in the sector to 49 per cent, a move criticised by a section of the select committee