LIC introduces new plan Jeevan Utsav
"The Unique Identification Number (UIN) for LIC’s Jeevan Utsav Plan is 512N363V01," said the LIC in a statement.
"The Unique Identification Number (UIN) for LIC’s Jeevan Utsav Plan is 512N363V01," said the LIC in a statement.
The India’s largest insurer posted a profit after tax of 79.25 billion Indian rupees ($951.41 million) for the quarter ended Sept 30, compared to 159.52 billion rupees a year ago.
Life Insurance Corporation of India (LIC) has been sent a Goods and Services Tax demand of over Rs 290 crore,…
"Beginning with an initial capital of Rs 5 crore in 1956, the LIC as on March 31, 2023 has Assets Under Management (AUM) of Rs 43,97,205 crore," the LIC said in a statement.
The Life Insurance Corporation of India (LIC) celebrated its 67th anniversary on Thursday. On the occasion, the LIC has floated…
The shares would be available at a price brand of Rs.902-949 per share.
According to sources, on the first day itself, the bids from the anchor investors or large investors are twice the size of the anchor book.
Answering questions from prospective investors during roadshows top officials of LIC clarified that the Government of India does not have any plan of further dilution of its stake in the Corporation. Officials said the Corporation has sufficient capital for the next two years and won't require any funding support from the government.
The government is counting on the sale of shares in LIC, which has the lion's share of the life insurance market in India,
The claim of profits for the government, which is the primary investor, is limited to just five per cent while 95 per cent
