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LICs Jeevan Utsav offers stability and flexibility with whole life coverage, flexible premiums, and guaranteed additions. It ensures financial security, growth, and customisation for modern investors seeking comprehensive insurance solutions.
India Business News: NEW DELHI: Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the .
The refund, which is likely to boost the bottom line of the corporation in the fourth quarter, is related to interim bonuses to policyholders in the past seven assessment years.
LIC has enabling provisions to invest in banks like HDFC Bank. Their equity investment is about 20-25% of total AUM, and they have a balanced approach to ensure sustainability. LIC is monitoring the market and taking a mixed strategy. Non par products are giving good returns and are getting traction in the market.
The Life Insurance Corporation of India (LIC) unveiled Index Plus, a new unit-linked life insurance policy. It is a non-participating, regular premium individual life insurance plan that provides life insurance coverage and cumulative savings throughout the course of the policy.