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Tag: LIC

LIC launches three new plans

Posted on October 13, 2026 By admin
LIC launches three new plans

LIC CEO and Managing Director R. Doraiswamy with other senior officials at the launch of the plans. | Photo Credit: Arrangement The Life Insurance Corporation of India (LIC) has introduced three new plans – New Jeevan Dhara-II, Health Shield and New Cancer Cover (Plan 908). CEO and Managing Director R. Doraiswamy launched the plans. All…

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Business

LIC launches two new plans

Posted on September 2, 2026 By admin
LIC launches two new plans

LIC CEO and MD R.Doraiswamy and other senior officials at the launch of two new plans on Tuesday. | Photo Credit: Arrangement The Life Insurance Corporation of India (LIC) has introduced two new plans, Bima Platinum and Jeevan Raksha, on the occasion of its 70th anniversary. CEO and MD R.Doraiswamy launched the plans on Tuesday….

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Business

LIC pays ₹12,207.25 crore dividend to government

Posted on July 29, 2026 By admin
LIC pays ₹12,207.25 crore dividend to government

Union Finance Minister Nirmala Sitharaman receives a dividend cheque of ₹12,207 crore for FY 2025-26 from Life Insurance Corporation of India CEO and MD R. Doraiswamy, in New Delhi on Wednesday (July 29, 2026). | Photo Credit: ANI State-owned Life Insurance Corporation of India (LIC) on Wednesday (July 29, 2026) paid ₹12,207.25 crore dividend to…

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Business

LIC pays ₹7,324.34 crore dividend to government

Posted on August 29, 2025 By admin
LIC pays ₹7,324.34 crore dividend to government

LIC CEO and MD R. Doraiswamy handing over the dividend cheque to Union Finance and Corporate Affairs Minister Nirmala Sitharaman on August 29, 2025 in the presence of DFS and LIC officials. Photo: Arrangement The Life Insurance Corporation of India (LIC) on Friday (August 29, 2025) paid ₹7,324.34 crore dividend to the Centre. CEO and…

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Business

GST Authority Imposes Rs 36,844 Fine On LIC

Posted on October 11, 2023 By admin
GST Authority Imposes Rs 36,844 Fine On LIC

LIC was fined for lower payment of taxes (Representational) New Delhi: Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes. The corporation has received a communication/demand order for collection of GST, along with interest and penalty for Jammu & Kashmir state,…

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Nation

LIC sells over 2% stake in Sun Pharma for ₹4,699 crore

Posted on September 14, 2023 By admin
LIC sells over 2% stake in Sun Pharma for ₹4,699 crore

Life Insurance Corporation of India (LIC) eastern zonal head office building in Kolkata. File | Photo Credit: REUTERS LIC on Thursday said it has sold 2% of its holding in Sun Pharma for ₹4,699 crore via open market sale. Following the share sale, there is a decrease of 2% in holding during the period from…

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