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LIC new pension plus plan: 10 things to know about the scheme

LIC new pension plus plan: Life Insurance Corporation of India (LIC)has introduced new pension plus plan. The plan can be purchased either as a single premium payment policy or regular premium payment. According to LIC, the plan is ‘suitable for young persons to make provisions for post-retirement life’, and can be purchased both offline (through …

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LIC registers more than twofold jump in new premium income in July

India’s largest life insurer, LIC has registered a more than twofold jump in new business premium income to ₹29,116.68 crore in July this year. Last year, Life Insurance Corporation registered ₹12,030.93 crore of income in July, data by Irdai showed. LIC commands a 68.6% share in the life insurance market. The Insurance Regulatory and Development …

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LIC launches special campaign for policyholders to revive lapsed policies

Life Insurance Corporation of India (LIC) has launched a special campaign for revival of individual lapsed policies. This special drive, to be carried out from August 17 to October 21, 2022, is extended to all non-ULIP policies with very attractive concession in late fee. The campaign is launched to benefit those policy holders who were …

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LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.50%

MUMBAI: Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked …

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Stocks to watch: L&T, Adani Power, Ambuja Cements, LIC, Paytm, JSW Steel, Wockhardt

Stocks to watch today: After domestic markets snapped eight-day winning streak on Friday, choppy momentum is likely to stay intact on Monday amid sour mood overseas. As of 7:32 AM, the SGX Nifty Futures quoted 17,670 levels, indicating a downside of 88-odd points on the Nifty50. Globally, the US markets faltered …

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LIC posts ₹683 crore profit for quarter 1, assets of ₹41 lakh crore

MUMBAI: Life Insurance Corporation (LIC) has reported a net profit of Rs 683 crore for the quarter ended June 2022 compared to Rs 2. 6 crore in the corresponding quarter of the previous year. But the numbers are not comparable as the corporation was not preparing quarterly results in earlier years. Prior to its IPO …

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LIC Q1Fy23 Results: Net Profit Climbed Multifold YoY To Rs. 682.89 Crore

Business oi-Roshni Agarwal | Published: Friday, August 12, 2022, 22:27 [IST] Life Insurance Corporation of India (LIC) today reported its Q1Fy23 results, wherein the insurer’s net profit climbed multifold to Rs. 682.89 crore. In the year-ago period, the company’s profit came in at Rs. 2.94 crore. The total income at the public run insurer stood …

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