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LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture

LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture

by AIP Online Bureau | Jul 5, 2022 | Indian News, Life

LIC, which got listed on the bourses in May, will hold its first Annual General Meeting on September 27, 2022, according to stock exchange filing. Mumbai: State-owned LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd. The...
LIC to invest Rs 80.67 crore in rights issue of its Nepal joint venture

LIC may unveil its new embedded value by July 15

by AIP Online Bureau | Jun 29, 2022 | Indian News, Life, Workplace/Employee Benefits

Further to its earlier announcement on May 30th 2022, the corporation has informed that the exercise of determining the IEV as on March 31, 2022, may take some more time to get completed. Once completed and after requisite approvals, the required public disclosures of...
Wage Revision: PSU general insurance Confederation seeks Sitharaman’s intervention for pay parity with LIC

Wage Revision: PSU general insurance Confederation seeks Sitharaman’s intervention for pay parity with LIC

by AIP Online Bureau | Jun 24, 2022 | Indian News, Non-Life, Workplace/Employee Benefits

Nirmala Sitharaman,union finance minister In a letter to finance minister Nirmala Sitharaman, National Confederation of General Insurance Officers’ Association has said the initial offer from GIPSA is disturbing and demoralizing to the workforce ‘’It is matter of...

.LIC ups stake in Hero MotoCorp, HUL, Capri Global

by AIP Online Bureau | Jun 14, 2022 | Indian News, Life

LIC’s shareholding in Hindustan Unilever (HUL) has increased from 11,73,80,500 to 11,76,90,500 equity shares, aggregating to 5.008 per cent of the paid-up capital of the company Mumbai:LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and...
LIC to focus on non-par products, launches non-participatory, savings product Dhan Sanchay

LIC to focus on non-par products, launches non-participatory, savings product Dhan Sanchay

by AIP Online Bureau | Jun 14, 2022 | Indian News, Life

(L to R) MR Kumar, chairman, Siddhartha Mohanty, managing director, Bishnu Patanaik,MD at the LIC’s launching ceremony of Dhan Sanchay Dhan Sanchay provides guaranteed income benefit(GIB) during the payout period from the date of maturity, and guaranteed...
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