Live
- 10 Tried-and-Tested Home Remedies for Toothaches
- Thila Taila Abhishekah Pooja to Lord Shaneswara
- Priyanka Gandhi says BJP talking of 'tinkering' with Constitution with PM’s nod
- LS polls: PM Modi says BJP-NDA leading 2-0 after first two phases
- Plea in Madras HC seeks special polling arrangement for names 'missing' from Coimbatore voter list
- Ex CM KCR Bus tour on 4 th day
- Youth National Games 2024 kick-start in Delhi; over 5,000 athletes from 15 states vying for top honours
- TN Police warn people against fraudsters using AI-based voice cloning
- L-G office blames Saurabh Bharadwaj for delay in enhancing MCD Commissioner's financial powers
- ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
LIC pays Rs 1,831 cr dividend to Centre
Siddhartha Mohanty, Chairperson, LIC, has presented dividend cheque to FM Nirmala Sitharaman
Siddhartha Mohanty, Chairperson, LIC of India, on Thursday presented the dividend cheque of Rs 1831.09 crore to Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of dividend, approved by the shareholders in the Annual General Meeting held on August 22.
Dr MP Tangirala, Additional Secretary, GoI, Ministry of Finance, Dept of Financial Services was present along with officials from Life Insurance Corporation of India,M Jagannath ,MD, Tablesh Pandey, MD, Sat Pal Bhanoo, MD, R Doraiswamy, MD and JPS Bajaj,ZM(I/C),Northern Zone. LIC has completed 67 years since its incorporation and beginning with an initial capital of Rs 5 crore in 1956, LIC as on end-March has an asset base of Rs 45,50,571.73 crore with life fund of Rs 40,81,326.41 crore. Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian life insurance market.
