Tag: LIC

60% of sum received from NPS is tax-free

I’m going to retire from a private firm soon. What are the tax exemptions available for a retiree with respect to gratuity, leave encashment payout,...

The right way of choosing a Saral Jeevan Bima plan

NEW DELHI:After a long wait, life insurers in India have started to roll out regulator-mandated standard term insurance plan, Saral Jeevan Bima. To help individuals...

Be prudent and follow simple steps to become financially free

A volatile business, lack of contingency planning, high-interest debt, and four dependents (two children and parents)—that’s what it took Mehul Ratanghayra, 46, to realize that...

Confident that disinvestment calendar will work well, non-tax revenues to improve in FY22: FM

NEW DELHI: Finance Minister Nirmala Sitharaman on Thursday exuded confidence that the disinvestment calendar announced in the Union Budget will “work well”. Addressing members of...

QIP fund raising: PNB, IDBI Bank complete QIP helped by peer PSU banks

Mumbai: State owned Punjab National Bank (PNB) and Life Insurance Corp (LIC) contolled IDBI Bank managed less than their targeted amounts through a qualified institutional...

Vedanta says committed to investing in India after failed delisting

NEW DELHI: Shrugging off a failed bid to get its Indian flagship firm delisted from stock exchanges, mining baron Anil Agarwal‘s Vedanta Resources on Tuesday...

insurance: Income loss? Here’s what insurers offer you

MUMBAI: Insurance companies led by Life Insurance Corporation (LIC) of India are set to appoint an estimated 3.4 lakh agents in FY21 as the novel...

LIC made Rs 10,000 crore profit in equity since April 1: Chairman

MR Kumar says the insurance behemoth may bring in outside fintechs and insurance techs to grow scale The productivity of LIC Agents and that of...

When does it make sense to revive a life insurance policy?

India’s largest life insurance company, Life Insurance Corp. of India (LIC), last week rolled out a campaign for policyholders to revive their lapsed policies with...

PFRDA mulls permanent licenses for pension fund managers

A circular issued by the Pension Funds Regulatory and Development Authority (PFRDA) on foreign direct investment (FDI) in pension funds is all set to pave...

UTI AMC’s IPO plan runs into covid-19 hurdle

MUMBAI: UTI Asset Management Company’s plans to go public in an effort to facilitate stake dilution by key shareholders State Bank of India (SBI) and...

How it has impacted India’s insurance industry

A report by professional services firm PwC, titled Covid-19: Impact on the Indian Insurance Industry, says that the two productive months for the insurance industry—March...

LIC launches pension scheme for senior citizens. Check interest rate, other details

NEW DELHI : After the finance ministry modified PM Vaya Vandana Yojana (PMVVY) pension scheme for senior citizens, Life Insurance Corporation of India (LIC) has...

LIC: Two things about Modi’s LIC move leave many MPs curious

NEW DELHI: As the government prepares for discussion and passage of the Finance Bill after the motion of thanks to the President’s address is passed...