Lic

Budget 2021: Government To Introduce Life Insurance IPO In 2022

Business | Edited by Peter Noronha | Monday February 1, 2021

"We would also bring the IPO of LIC in 2021-22, for which I am bringing the requisite amendments in this session itself," the Finance Minister Nirmala Sitharaman said in her Budget speech

Budget: Focus On Health, Farmers, Polls; Relief For Seniors Above 75

Business | Edited by Nikita Prasad | Monday February 1, 2021

Finance Minister Nirmala Sitharaman, announcing Budget 2021 aimed at reviving an economy badly hit by the coronavirus pandemic, said the country's healthcare spending would be doubled to Rs 2,23,846 crore and added that 35,000 crore would be spent on Covid vaccines. Capital expenditure will be increased to Rs 5.54 lakh crore, which is around 34 pe...

Government Likely To Announce Sale Of IDBI Bank, Stake in LIC: Sources

Business | Reuters | Thursday January 28, 2021

The government plans to announce the sale of a 10 per cent to 15 per cent stake in the state-run Life Insurance Corporation in next week's budget, as part of a privatisation push to improve public finances, two government sources said

LIC Pradhan Mantri Vaya Vandana Yojana: Pensions, Premiums, Other Details Here

Business | Edited by Abhishek | Monday December 7, 2020

LIC's Pradhan Mantri Vaya Vandana Yojana provides immediate pension for senior citizens of 60 years and above.

LIC Jeevan Akshay VII Plan: Pensions, Premiums And Other Benefits Here

Business | Edited by Abhishek | Monday November 30, 2020

LIC Pension Plan Policy: LIC's Jeevan Akshay VII is an immediate annuity or pension plan wherein the policy holder has an option to choose type of annuity from 10 available options on payment of a lump sum amount.

All You Need To Know About LIC's Jeevan Akshay-VII Pension Plan

Business | Edited by Abhishek Vasudev | Wednesday November 18, 2020

The pension rates under LIC Jeevan Akshay-VII plan are guaranteed at the inception of the policy and annuities are payable throughout the lifetime of pensioners.

All You Need To Know About LIC's Jeevan Lakshya Policy

Business | Edited by Abhishek | Wednesday October 21, 2020

LIC Jeevan Lakshya policyholders get an annual income benefit of 10 per cent of the basic sum assured, according to LIC.

LIC New Jeevan Anand Plan: Premium, Sum Assured, Eligibility, Other Details Here

Business | Edited by Abhishek | Friday October 2, 2020

LIC Jeevan Anand Policy: The maximum maturity age for the LIC New Jeevan Anand policy is 75 years, with minimum policy term of 15 years and maximum policy term of 35 years.

Government Selling Country's Assets "Shameful": Rahul Gandhi

India News | Press Trust India | Tuesday September 8, 2020

Congress leader Rahul Gandhi on Tuesday accused the Modi government of selling the country's assets to recover its economic losses and described as "shameful" reports of the sale of stake in Life Insurance Corporation (LIC).

LIC Housing Finance Surges After Profit Rises 34% In June Quarter

Business | Edited by Abhishek Vasudev | Tuesday August 25, 2020

LIC Housing Finance shares surged as much as 11.45 per cent, the most in a day since May 26, to hit an intraday high of Rs 308.

LIC Jeevan Umang Policy's Premium, Eligibility, Other Details Here

Business | Edited by Abhishek | Monday July 27, 2020

LIC's Jeevan Umang Policy offers a combination of income and protection to an individual's family, LIC said on its website.

All You Need To Know LIC Jeevan Shanti Pension Plan

Business | Edited by Abhishek | Thursday July 16, 2020

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

Planning To Buy LIC Policy? Here Is All You Need To Know About LIC New Jeevan Anand Plan

Business | Edited by Abhishek | Wednesday July 8, 2020

LIC Policy: Minimum age for buying the LIC New Jeevan Anand policy is 18 years and maximum age is 50 years, LIC said on its website.

LIC Jeevan Labh Policy: Eligibility, Premium And Other Details Here

Business | Edited by Abhishek | Thursday July 2, 2020

LIC Jeevan Labh policy can be purchased any individual in the age group of 8-59 years if the policy term is for 16 years.

All You Need To Know About LIC New Money Back Plan 20 Years

Business | Edited by Abhishek Vasudev | Wednesday July 1, 2020

Any individual in age group of 13 years and 50 years can buy the LIC New Money Back Plan-20 Years for minimum sum assured of Rs 1 lakh.