IPO-bound LIC warns against misuse of its iconic logo
Business | June 13, 2021 11:03 ISTLIC has issued a public warning over the unauthorized use or misuse of its iconic logo by anybody.
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.
Term insurance plans have become extremely popular in recent times. People are attracted to term plans over traditional life insurance policies because of high sum assured at very low premiums.
Regulator IRDAI has extended the facility for life insurers to obtain the consent of prospective policy holders electronically by three months till March 31, 2021.
Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings.
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.
India's life insurance companies clocked 11.36 per cent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from Irdai showed. The 24 life insurance companies' collective premium income stood at Rs 43.33 lakh crore during fiscal year 2018-19.
State-owned Punjab National Bank (PNB) will retain stake in two life insurance ventures as the lender has got permission from Insurance Regulatory and Development Authority of India (IRDAI).
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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