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GOVERNMENT INSTRUCTIONS ON LIC
LIC denies receiving or issuing documents cited in Washington Post report alleging external influence on investment decisionsLife Insurance Corporation of India has denied allegations from The Washington Post. The insurer states it neither issued nor received docu...- Eid-Ul-Fitr bank holiday 2025: Are banks open today for year-end bank closure?RBI has canceled the Eid holiday for agency banks on March 31, 2025, to ensure uninterrupted government-related financial transactions. Spe...
- Eid-Ul-Fitr holiday on March 31, 2025: Are LIC, Income Tax Office, other institutions open on March 29, March 30, and March 31 for financial year-end transactions?Several financial institutions, including LIC, the Income Tax Department, and insurance companies, will remain operational on March 29, 30,...
- Odisha Train Accident: EPFO relaxes norms for EDLI, pension claim, suggests alternatives to death certificateThe competent authority has decided to relax the necessity of a death certificate for EDLI and pension claims relating to deceased members ...
- Were LIC and SBI instructed to invest in Adani Enterprises FPO despite stock crash? Congress asks govtThe Congress leader also asked if the family offices that were pressured to bail out the Adani FPO given assurances that this was only to s...
- LIC did not pay dividend to govt in FY21; used free reserves to increase paid-up capital: KaradIn 2019-20 fiscal, the insurance behemoth, which is set for an IPO, paid Rs 2,610.75 crore as dividend to the government from profits perta...
- Govt working on ESG ranking for LIC ahead of public offerThe finance ministry is working to obtain ESG (environment, social and governance) score for Life Insurance Corporation of India (LIC) befo...
- LIC made Rs 13,000 cr profit in equity till August this fiscal: MDThe insurer has collected about Rs 87,300 crore of renewable premium till August this year, registering a growth of 13.5 per cent over the ...
- Kerala floods: Insurance claims likely to be upwards of Rs 1000 croreAssessment of claims will take place with situation moving to normal, a senior official of an insurance firm said, adding clear picture wil...
- Now, link all your insurance policies to Aadhaar and PANThe move comes even as the Supreme Court has asked banks not to spread panic through text messages on deadlines for linking bank accounts t...
- Uttarakhand Chief Minister Vijay Bahuguna asks banks to relax norms for calamity hit familiesBahuguna has requested Union Finance Minister P. Chidambaram to ensure that similar to the LIC, the nationalized banks too could be asked t...
- LIC to open special office in Uttarakhand to settle claimsState-run Life Insurance Corporation (LIC) has decided to open special office in Uttarakhand and relax norms to expeditiously settle life i...
- Finance Ministry asks PSU general insurers to do efficient claim managementFinance Ministry asks public sector general insurance companies to improve financial health through prudent underwriting and efficient clai...
- See under-recovery coming down next year onwards: TK Ananth Kumar, OIL IndiaGovernment working towards reducing the under-recovery and also expect some clarity on subsidy sharing to emerge.
- Market should improve to levels seen 2-3 years ago: DK Mehrotra, LIC"This is definitely a bad patch that we are going through, and we may not find much upside in the market in the short term," DK Mehrotra sa...
- Ensure one A/c per family, Fin ministry to banksIn an ambitious move, the Finance Ministry has instructed all the lenders to ensure that at least one person per family across the country ...
- Bribes-for-loans scam: Govt asks officials to shun blacklisted 'middlemen'Latest blacklist comes in the backdrop of a series of scandals which have hurt govt's credibility & brought into focus role of middlemen an...
- Pranab plays down housing loan scamMukherjee, finance ministry officials as well as the CBI tried to comfort depositors and investors through the day, saying banks were safe ...
- FM's directive to banks on housing scamFinance Minister Pranab Mukherjee today asked PSU banks to look into their exposures to companies involved in the fraud as LIC said its hou...
- LIC believes Satyam can be revived; not averse to sale tooLIC said that the IT firm Satyam was still valuable and could be revived with right leadership.
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