This scholarship scheme is meant for students from economically weaker families
LIC's premiums for November fell 27 per cent on a year-on-year basis (Y-o-Y), though the company saw a 16 per cent increase in premiums for the first eight months of FY25
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The Supreme Court has also condones the delay of 365 days in filing the present case
Life Insurance Corporation of India ("the Corporation") has filed an appeal with GST Appellate Authority, Jammu Kashmir against the order demanding GST of Rs. 66,69,251/- for FY 2019-20
LIC increased its shareholding from 1,49,06,665 shares to 2,08,34,009 shares which translates to a shareholding from 5.033 per cent stake to 7.034 per cent
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The controversy erupted after Chief Minister M K Stalin criticised LIC, calling it a "propaganda tool for Hindi imposition"
Private insurers log 18% yearly increase at Rs 13,216.51 cr, according to data
India's largest life insurance company, Life Insurance Corporation (LIC) shares surged to an intraday high of Rs 194.20 per share, rallying 4.29 per cent on the BSE on Tuesday
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LIC launched 32 products on October 1, 2024, as per the revised norms, and currently, the corporation has 35 products
The management aims for a positive growth trajectory in the par segment and expects strong growth to continue in the non-par segment
In the letter dated November 5, Tagore said that the changes in LIC policies are troubling
The net premium income rose 11.6% to 1.20 trillion rupees but the net benefits paid by the insurer to policyholders climbed 17% to 975.62 billion rupees during the quarter
Life Insurance Corporation of India (LIC) on Wednesday said tax authorities have slapped a demand notice of about Rs 65 crore on it for short payment of Goods and Services Tax (GST) for 2017-18. Besides, there is a penalty of Rs 6.5 crore and interest as applicable. The insurer has received communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand on October 30, LIC said in a regulatory filing. There is no material impact on financials, operations or other activities of the corporation, it added.
The move comes as the interest rate cycle is set to soften, with insurers offering more guaranteed-return products
State-owned insurer's entry expected to increase demand for instruments typically used to lock interest rates for a future date
The central Delhi consumer disputes redressal forum has directed the Life Insurance Corporation (LIC) and Municipal Corporation of Delhi (MCD) to pay a claim amount of Rs 4.8 lakh to the wife and daughter of a deceased cleaning staff of the civic body, along with a compensation of Rs 40,000, for causing them sufferings, harassment and mental agony. Rejecting the LIC's argument that the policies had lapsed, the forum also observed that the contract to deduct the premium amount from the salary and then remit it to the insurer was between the MCD and the LIC and the employee was unaware of the non-deduction of the said amount. The forum comprising President Inder Jeet Singh and member Rashmi Bansal was hearing a complaint filed by the wife and daughter of a deceased safai karamchari, who alleged deficiency in service by the LIC for rejecting their claims. In an order dated October 14, the forum noted that the employee, appointed in the Karol Bagh zone in May 2005, had opted for the ...
The housing finance company will pay an annual coupon of 7.57 per cent and had invited bids from bankers and investors earlier in the day