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Govt approves 17 % wage hike for LIC employees

Govt approves 17 % wage hike for LIC employees

by AIP Online Bureau | Mar 15, 2024 | Indian News, Life

The revision incorporates an enhancement in National Pension System( NPS) contribution from 10% to 14% for a better future of nearly 24,000 employees, who had joined after Apr, 2010 Mumbai: After banking, the government has approved a 17 per cent hike in the wages of...
LIC pays Rs 2,441 crore as an interim dividend to government

LIC pays Rs 2,441 crore as an interim dividend to government

by AIP Online Bureau | Mar 1, 2024 | Indian News, Life

From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque of Rs Rs 2,441.44 crore to Nirmala Sitharaman, finance minister, as an interim dividend to the government. Vivek Joshi, Secretary, Financial Services and  M P Tangirala, additional secretary,...
Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India

Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India

by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Briefs, Life, Policy

The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
LIC launches specialised product for child education

LIC launches specialised product for child education

by AIP Online Bureau | Feb 16, 2024 | Indian News, Life, Wealth Management/ Philanthropy

Siddharth Mohanty(L), Chairman, LIC, Vivek Joshi(R), Secretary, Department of Financial Services, at the launching ceremony of LIC’s Amritbaal The plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child...
Govt approves 17 % wage hike for LIC employees

LIC becomes fifth most valuable firm as stocks soar, GIC Re and New India hit record high

by AIP Online Bureau | Feb 8, 2024 | Indian News, Life, Wealth Management/ Philanthropy

The company’s market valuation went up by Rs 38,740.62 crore to Rs 6,99,702.87 crore. With this, the company became the fifth most valued firm by market capitalisation (mcap), beating ICICI Bank Mumbai: Though the sock market slided on Thursday , shares of Life...
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