ISSUE DATE: March 22, 2021
UPDATED: March 15, 2021 12:48 IST
Illustration by Nilanjan Das
Its acronym, LIC, and its logo have been iconic symbols of financial security for Indians born before the new millennium. Even now, 290 million, or one in five, Indians are insured by the government-owned Life Insurance Corporation. It still controls 66 per cent of the country’s life insurance market even though private insurers, allowed into the fray in 1999, have now been around for over two decades. LIC is a financial behemoth like no other in the country, overshadowing even the State Bank of India (SBI). It has 4,955 offices across the country, many of them occupying prime real estate. It directly employs 108,000 people, besides 1.3 million agents across the country, and has assets under management ofRs 36 lakh crore, making it a megacorp three times the size of Reliance Industries, India’s largest private sector company.
The government is alive and aware about various issues around the cryptocurrencies and will take a considered view on the issues, Financial Services Secretary Debasish Panda said on Wednesday. Currently, regulatory bodies like RBI and Sebi do not have any legal framework to directly regulate cryptocurrencies as they are not currencies, assets, securities or commodities issued by identifiable users. The cryptocurrency, which has been debated day-in and day-out, has an underlying technology. In an interconnected economy, interconnected world, we cannot isolate ourselves. We have to bear that in mind that some way or the other is going to get us, he said at a virtual conference organised by Institute of Directors.
Maharashtra Governor Bhagat Singh Koshyari felicitates LIC of India at Raj Bhavan
Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic.
| 3 March 2021 5:31 AM GMT
GUWAHATI: Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic. Vipin Anand, Managing Director, LIC received the honour at a function organized by Pasbaan-e-Adab, a socio-cultural organization.
During the pandemic LIC rendered exceptional services to its policyholders and the society as a whole. Death claims arising due to COVID-19 were treated at par with other causes of death and settled on priority. LIC has also ensured that other policy payments like Survival Benefit, Policy Maturity, Annuities and Loans etc were made to policyholders promptly by crediting the amount into the ba
New Delhi [India], February 12 (ANI/Mediawire): The Covid-19 pandemic brought the whole world to a standstill. But the wheels of Central Railway, Mumbai did not stop.
When the whole world was confined to their homes due to Coronavirus, the Lockdown Heroes drove the train and transported the necessary materials from one place to another.
Vipin Anand, Managing Director, Life Insurance Corporation of India at a function held on February 2, 2021at the Heritage Building of Chhatrapati Shivaji Maharaj Terminus, presented certificates of Honourto Motormen, Technical Staff and Security officers of Central Railway, Mumbai in the presence of Vikas Rao, Zonal Manager, LIC, Western Zone and Rajivan Nair, Executive Director, Corporate Communications and Shalabh Goel, DRM, Central Railway.