Government Receives Rs 3,662 Crore Dividend from LIC The Government of India has recently received a substantial dividend of Rs 3,662 crore from the Life Insurance Corporation (LIC) of India. This significant financial influx is part of the annual profit distribution to its stakeholders, marking a notable event in the financial sector of the country….
RBI Greenlights LIC’s Acquisition of 9.99% Stake in HDFC Bank In the dynamic landscape of financial institutions, a significant development has unfolded as the Reserve Bank of India (RBI) gave its nod to Life Insurance Corporation of India (LIC) to acquire a 9.99% stake in HDFC Bank. This move bears substantial implications for students aspiring…
LIC Introduces Jeevan Dhara II – Deferred Annuity Plan for Aspiring Government Job Candidates In the ever-evolving landscape of financial planning, the Life Insurance Corporation of India (LIC) has recently introduced a new offering named “Jeevan Dhara II – Deferred Annuity Plan.” This development holds significant implications for candidates preparing for various government exams, including…
LIC Overtakes SBI to Become the Most Valuable PSU The landscape of Public Sector Undertakings (PSUs) in India has witnessed a significant shift, with Life Insurance Corporation of India (LIC) surpassing the State Bank of India (SBI) to claim the title of the most valuable PSU. This development has far-reaching implications, especially for aspirants preparing…
LIC Granted Extension Till 2032 to Achieve 25% Public Shareholding The Insurance Regulatory and Development Authority of India (IRDAI) has recently granted an extension to Life Insurance Corporation of India (LIC) to reach the mandated 25% public shareholding target. This move extends the timeline for LIC’s compliance with the regulatory requirement from the earlier deadline…
LIC Ranks Fourth Globally in S&P Global’s 2022 Insurance Report LIC (Life Insurance Corporation) of India has made a remarkable achievement by securing the fourth position globally in S&P Global’s 2022 Insurance Report. This significant recognition highlights the prowess and stability of LIC in the international insurance landscape. The report, issued by S&P Global, a…
LIC Delivers Dividend Cheque of ₹18,31 Crore to Finance Minister Life Insurance Corporation of India (LIC), the largest insurance company in the country, recently presented a dividend cheque of ₹18,31 crore to the Finance Minister. This event holds substantial significance for aspirants preparing for government exams, particularly those eyeing positions in the finance sector. Let’s…
LIC Acquires 6.7% Stake in Jio Financial Services via RIL De-merger Action The financial world is witnessing a significant development as the Life Insurance Corporation of India (LIC) has acquired a substantial 6.7% stake in Jio Financial Services. This strategic move comes as a result of the Reliance Industries Limited (RIL) de-merger action. In this…
Centre Appoints R. Doraiswamy as LIC Managing Director The recent appointment of R. Doraiswamy as the Managing Director of Life Insurance Corporation of India (LIC) marks a significant development in the financial sector of the country. This decision has far-reaching implications, not only for the insurance industry but also for aspirants preparing for various government…
LIC Raises Stake in Tech Mahindra to 8.88% Through Open Market Transactions LIC Raises Stake in Tech Mahindra | Tech Mahindra, one of India’s leading multinational technology companies, recently witnessed a significant development as the Life Insurance Corporation of India (LIC) increased its stake in the company through open market transactions. LIC, the largest insurance…
