(L toR) M P Tangirala, additional secretary, Department of of Financial Services, Siddhartha Mohanty, CEO & MD, LIC, Nirmala Sitharaman, Union Minister of Finance, M Jagannath, MD, LIC
LIC also paid interim dividend of Rs. 2441.45 crores on 1st March 2024, thus totaling to Rs. 6103.62 Crores paid as dividend to Government of India for the year 2023-24. LIC has an asset base of over Rs.52.85 lakh crores, said a release from the corporation.
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New Delhi: Siddhartha Mohanty, CEO & MD, Life Insurance Corporation, today presented the dividend cheque of Rs3662.17 crores to Nirmala Sitharaman, Union Finance Minister, as the Government of India’s share of dividend, approved by the shareholders in the annual general meeting(AGM) held on 22nd Aug.
LIC also had paid interim dividend of Rs 2441.45 crores on 1st March 2024, thus totaling to Rs. 6103.62 Crores paid as dividend to Government of India for the year 2023-24. LIC has an asset base of over Rs.52.85 lakh crores, said a release from the corporation..
It continues to be the market leader in the Indian life Insurance market.