LIC’s Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. This plan is excellent investment towards essential long term financial planning.
Tag: lic of india
Pranab assures LIC investors on safety of money
Union Finance Minister Pranab Mukherjee on Saturday assured the investors of Life Insurance Corporation of India that they would not lose any money on account of the recent unearthing of the housing loan racket involving some top officials of the LIC Housing Finance Ltd.
Clean chit to LIC of India – Transfer of profits case : IRDA
The insurance watchdog earlier said it would launch investigation in to the books of LIC pertaining 2009-10. J Harinarayan IRDA chairman said there is no violation committed by the LIC and it was just an actuarial shortage as to the current actuarial estimates.
LIC of India will provide school uniforms for tribal hostel students
At the valedictory function of the Social Security Month celebrations of LIC Pension and Group Schemes Unit, Vellore Division held at Yelagiri Hills on Tuesday, Mr. Sharma distributed educational scholarships to beneficiaries enrolled in LIC’s social security scheme Janashree Bima Yojana.
LIC crosses Rs 10 bn mark premium under new ULIPs
The Life Insurance Corporation of India (LIC) has crossed Rs 10 billion mark under the new ULIP plans, pension plus and endowment plus.
Rocket Sale of Endowment Plus
The Chandigarh division of Life Insurance Corporation of India (LIC) has topped among 107 divisions of the firm in the country by selling maximum policies of ULIP-based Endowment Plus, which was launched yesterday. “On the first day of the launch, our (Chandigarh) division sold maximum number of policies of Endowment Plus among our other offices in the country,” LIC (Chandigarh) Senior Divisional Manager Raghupal Singh told reporters here today.
LIC celebrates 54th anniversary, launches new pension plan
On the occasion of its 54th anniversary, the Life Insurance Corporation of India on Friday launched a new scheme – LIC pension plus. A unit linked deferred pension plan, the scheme provides the customer with a minimum guarantee on the gross premiums paid. The plan is without any life cover during the term of the policy.
Rs2,800 crore for LIC of India policyholders
Life Insurance Corporation Chairman TS Vijayan today said the life insurance major will pass on the tax benefits from the proposed Direct Tax Code to the new policyholders. “We will pass on the DTC benefits to the policyholders,” Vijayan told an insurance summit organised by industry body Assocham here today.
LIC India Declares 2009-10 Results [Rs. 23,478 Cr. Surplus]
Life Insurance Corporation of India, India’s largest life insurer, has announced its audited figures for the financial year ended March 2010. LIC has declared a Valuation Surplus of Rs 23,478 crores of which Rs 1,029 crores is given to the…
IRDA fines LIC, HDFC Standard for missing rural obligation
Insurance regulator IRDA has imposed a penalty of Rs 5 lakh each on two life insurers, state-run Life Insurance Corporation (LIC) and HDFC Life Insurance, for failing to meet rural and social sector obligation in 2008-09, Parliament was informed.