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Life Insurance Company or LIC of India is one of the top insurance companies in India. It has over the years been one the top also in disbursing claims. It is not only the premier life insurance company, but also by fat the largest in the country.
LIC IPO Could Make It The Biggest Listed Company In India
Market experts are expecting Life Insurance Corporation of India (LIC) to become the country's biggest company by market capitalisation on its successful listing, with an estimated valuation of Rs 8 to 10 lakh crore. On Saturday, at the Union Budget 2020 ...
Listing Of LIC: Policyholders' Interest To Be Protected
After Budget 2020 announced diluting its stake in LIC, you too as a likely policyholder would have worried about the fate of your investments in LIC. Nonetheless on February 2, Finance Minister Nirmala Sitharaman instilled confidence in as many as 30 ...
Listing Of Lic Policyholders Interest To Be Protected
LIC To Be Listed On Stock Exchanges For Govt To Raise Funds
Finance Minsiter Nirmala Sitharaman said at the Union Budget 2020-21 presentation that the government will be listing insurance behemoth LIC as part of its disinvestment initiative. Sitharaman further said that the listing brings in more financial discipline among the entities. {image-lic3-26-1508999542.jpg ...
Aadhaar Now Mandatory For Pension Scheme PMVVY
In a notification dated 23 December, the Finance Ministry has asked investors of Pradhan Mantri Vaya Vandana Yojana (PMVVY) to submit their proof of Aadhaar number or undergo Aadhaar authentication to continue availing benefits. It further said that those ...
Aadhaar Now Mandatory For Pension Scheme Pmvvy
SEBI Directs LIC, BoB And SBI To Reduce Stake In UTI AMC
The Securities and Exchange Board of India (SEBI) has directed Life Insurance Corporation of India (LIC), State Bank of India (SBI) and Bank of Baroda (BoB) to bring down their stakes below 10 percent in UTI Asset Management Company (AMC). ...
LIC To Phase Out Some Of Its Best Selling Plans
The leading insurer has decided to phase out some of its top yielding plans and among its top sellers, the company would close such plans on retail offering including -- Jeevan Anand, Jeevan Umang, Jeevan Lakshya and Jeevan Labh from November ...
LIC Now Permits Revival Of Policies Lapsed For Over 2 Years
In a statement, LIC (Life Insurance Corporation of India) has said that it will allow its policyholders to revive policies that have lapsed for more than two years. Five years is set as the time limit to revive a traditional non-linked ...
Lic Now Permits Reviving Policies Lapsed For Over 2 Years
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