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  Budget 2021: Centre likely to announce sale of IDBI Bank, stake in LIC, say sources

  Business | January 28, 2021 10:59 IST

  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.

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  LIC policy lapsed? Here's how you can revive it

  Business | January 07, 2021 18:44 IST

  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.

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  COVID-19 fallout: LIC listing, IDBI Bank stake sale may be postponed

  Business | May 31, 2020 14:22 IST

  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.

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  LIC's Pension Plan: LIC launches pension scheme that offers Rs 10,000/month for senior citizen

  Business | May 28, 2020 12:52 IST

  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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  LIC allows 30-Day extension for premiums due in March, April amid COVID-19 crisis

  Business | April 12, 2020 11:35 IST

  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.

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  LIC Policyholders Attention! Your Aadhaar card can get you around ₹4 lakh from this LIC policy

  Business | April 10, 2020 16:33 IST

  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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  LIC declares relaxation for premium payments amid coronavirus outbreak

  Business | March 22, 2020 18:39 IST

  To help policyholders who are unable to pay the insurance premium on time due to the coronavirus outbreak, state-run insurer Life Insurance Corporation (LIC) has extended the deadline up to April 15, 2020.

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  LIC's Pension Plan: PMVVY that offers Rs 10000/month is 'ideal' for senior citizen, says expert

  Business | March 10, 2020 18:51 IST

  Life Insurance Corporation's (LIC) pension scheme 'Pradhan Mantri Vaya Vandana Yojana' (PMVVY) is an ideal plan for senior citizens, said LIC's former Development Officer. Proper monetary planning for retirement can benefit you a long way in twilight years as old age comes with a number of problems.

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  LIC Plan: Hurry! This senior citizen pension scheme can give you ₹10,000 a month, but to end on Marc

  Business | March 09, 2020 8:31 IST

  LIC Pension Plan Alert! Proper monetary planning can benefit you a long way in twilight years. Keep this in mind, the Life Insurance Company (LIC) is offering insurer a pension scheme that will give policyholders Rs 10,000 per month.

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  LIC IPO: 'Listing of LIC may get delayed due to procedural glitches'

  Business | February 26, 2020 13:25 IST

  The Indian government's proposed IPO of state-owned Life Insurance Corporation of India (LIC) will improve the accountability and transparency of the country's largest insurer but is unlikely to happen during the next fiscal, Fitch Ratings said on Wednesday.

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  LIC IPO: What public listing of Life Insurance Corporation means for its policyholders

  Business | February 03, 2020 14:30 IST

  LIC IPO: Making a big announcement, finance minister Nirmala Sitharaman proposed partial listing of Life Insurance Corporation of India (LIC) through an initial public offering (IPO). Modi government has decided to disinvest a part of its stake in LIC.

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  LIC IPO: Life Insurance Corporation may be one of the biggest IPO in India. All we know so far

  Business | February 02, 2020 12:23 IST

  Government-owned insurance behemoth Life Insurance Corporation of India (LIC) is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore. With a Rs 30.5 lakh crore balance sheet as of FY19, even a 25 per cent stake sale by the government will mean a bumper listing.

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  Employees' unions oppose government plan to sell shares in LIC

  Business | February 01, 2020 16:12 IST

  LIC employees' unions on Saturday opposed the Centre's plan to sell a part of its shares in the state-run insurance behemoth through an initial public offer (IPO), insisting that the move is "against the national interest". 

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  Budget 2020: BIG announcement! Govt to sell part holding in LIC through IPO

  Business | February 01, 2020 14:05 IST

  Budget 2020: Making a big announcement in her Budget speech, Finance Minister Nirmala Sitharaman said the government will sell a part of its stake in Life Insurance Corporation (LIC) through an Initial Public Offering (IPO). At present, the government owns the entire 100 per cent stake in Life Insurance Corporation of India (LIC).

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  Are you LIC policyholder? Important! Life insurance policy rules to change from today

  Business | February 02, 2020 8:57 IST

  LIC policy new rules: Life insurance policy will witness changes in rules from today as new guidelines for unit-linked insurance plans (Ulips) and traditional life insurance policies will come into effect. The Insurance Regulatory and Development Authority of India, (IRDAI), has instructed the insurers to make changes in Ulips and traditional life insurance policies.

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  LIC policy holder? Life Insurance Corporation has good news for you!

  Business | December 05, 2019 7:44 IST

  Are you LIC policy holder and have to pay extra charges during the payment of policy premium? Then from now, you don't have to pay any additional charges on LIC policy premiums. The Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards.

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  LIC policyholder? Beware! LIC warns against spurious phone calls from fraudsters

  Business | November 17, 2019 13:02 IST

  Are you LIC policyholder? Then this news is important for you as India's largest insurance company, Life Insurance Corporation (LIC) is warning against the spurious calls from the fraudsters. To keep customers safe, India's largest insurance service, health and pension plan service provider with millions of policyholders across the country keep warning them of frauds from time to time.

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  LIC Housing targets to disburse Rs 55,000 crore in Financial Year 19-20

  Business | November 16, 2019 17:31 IST

  LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial year

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  Holding lapsed LIC policy? Life Insurance Corporation has an important message you must not miss

  Business | November 06, 2019 11:22 IST

  LIC policy alert! Are you worried about your lapsed life insurance policy? Then here is a good news for you as State-owned Life Insurance Corporation (LIC) has introduced a facility to revive policies that have remained lapsed for over two years.

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  LIC allows revival of lapsed policy of over 2 years

  Business | November 04, 2019 17:03 IST

  The policies that have lapsed for more than two years and were not allowed to be revived earlier can also be revived now, LIC said in a statement