What the 10% income in LIC Jeevan Utsav policy implies
The policy only offers subscribers a guaranteed 10% payout of the sum assured annually
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The policy only offers subscribers a guaranteed 10% payout of the sum assured annually
LIC gets GST demand and orders worth ₹183 crore for Telangana. The company has denied any impact of the order on financials
LIC subscribed to a lion's share of Reliance's ₹20,000-crore bond sale last month, while also taking up a major portion of a bond sale earlier this week by Tata Capital Financial Services (TCFSL), a subsidiary of Tata Capital, sources aware of the developments told ET. LIC had bought ₹13,000 crore of RIL's bonds, the sources said.
LIC on Thursday reclaimed market capitalization of Rs 5 lakh crore-mark after the shares of the company hit a 52-week high on the bourses.
“Just because BJP has won the elections and the probability of them coming back with a bang in May is extremely high, it does not make sense to buy the stocks where the results will not be there because this market is in a phase where there is a lot of rotation happening. If the results do not follow through, you are going to be disappointed.”