by AIP Online Bureau | Jan 30, 2024 | Indian News, Life, Wealth Management/ Philanthropy
Gains in India’s broader equity market have been a boon to LIC, also the country’s largest investor with funds of more than $100 billion. An improved outlook for its premium business and prospects of a higher dividend payout has also spurred interest in the shares,...
by AIP Online Bureau | Jan 20, 2024 | Briefs, Life
Siddhartha Mohanty, chairman Life Insurance Corporation(LIC) launched Jeevan Dhara, a non-linked, non-participating, individual, savings, deferred annuity plan. It has option to take death claim proceeds as lump-sum, in the form of annuitisation or in instalments....
by AIP Online Bureau | Jan 17, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation
Siddharth Mohanty, chairman, Life Insurance Corporation In the age of high competition for the business in the industry, Mohanty, however,emphasised that insurance companies also need to prioritize purpose before profit and should focus on social consciousness rather...
by AIP Online Bureau | Jan 12, 2024 | Indian News, Life, Policy
For LIC, this is second time in recent years large IT refund has happened. Earlier it had received a IT refund of Rs 6000 crore Mumbai: Life Insurance Corporation of India (LIC) said it has received an income tax refund of Rs 25,464 crore relating to interim bonus to...
by AIP Online Bureau | Jan 11, 2024 | Indian News, Life
Corporation shall file an appeal before Commissioner (Appeals), Mumbai against the said orders within the prescribed timelines. There is no material impact on financials, operations or other activities of the Corporation due to the abovementioned orders,” the...
