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Tag: Life Insurance Corporation

LIC Q3 net profit up 17% to ₹11,056 cr. on lower expenses, premium income 

Posted on February 7, 2025 By admin
LIC Q3 net profit up 17% to ₹11,056 cr. on lower expenses, premium income 

Photo used for representation purpose only | Photo Credit: Reuters State-owned Life Insurance Corporation of India (LIC) posted a 17% increase in standalone net profit for December quarter to ₹11,056.47 crore compared to ₹9,444.42 crore a year earlier bolstered by lower expenses of management, especially employee related. The net profit came on a 8% decline…

Read More “LIC Q3 net profit up 17% to ₹11,056 cr. on lower expenses, premium income ” »

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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,…

Read More “GST Authority Imposes Rs 36,844 Fine On LIC” »

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