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Here is the rewritten text:New India Co-operative Bank Crisis and DICGC’s RoleNew India Co-operative Bank, a major urban co-operative bank, is facing a major crisis. The bank has been facing financial difficulties and has been unable to pay its deposits. This has led to widespread panic among its depositors, causing a significant run on the bank.The Deposit Insurance and Credit Guarantee Corporation (DICGC) has come to the rescue. Established in 1971, DICGC is a statutory corporation that provides insurance cover to depositors in banks. It provides insurance coverage to depositors up to a maximum of ₹ 5 lakh.Under the DICGC Act, 1961, the corporation is responsible for ensuring that depositors receive timely payment of their deposits in the event of a bank failure. DICGC has been playing a crucial role in resolving the New India Co-operative Bank crisis by providing guarantee coverage to depositors.

by | Apr 3, 2025 | Insurance

The New India Co-operative Bank in Mumbai is facing a crisis due to a Rs 122 crore fraud, prompting the Reserve Bank of India (RBI) to impose restrictions on the bank. These restrictions include a ban on granting new loans, renewing existing advances, and accepting...

UIIC AO Interview Admit Card 2025 Out

by | Apr 3, 2025 | Insurance

United India Insurance Company Limited (UIIC) has released the interview call letter for Administrative Officer (AO) Scale 1 posts on February 14, 2025. The UIIC AO Interview Admit Card 2025 is available on the official website, www.uiic.co.in. Candidates who have...

Here are the monthly, half-yearly, and yearly annuity payouts for an investment of Rs 5 lakh, Rs 11 lakh, and Rs 19 lakh in the LIC New Jeevan Shanti Plan:* Rs 5 lakh investment: + Monthly annuity: Rs 12,363 + Half-yearly annuity: Rs 62,515 + Yearly annuity: Rs 1,25,030 * Rs 11 lakh investment: + Monthly annuity: Rs 25,686 + Half-yearly annuity: Rs 1,29,615 + Yearly annuity: Rs 2,59,030 * Rs 19 lakh investment: + Monthly annuity: Rs 41,010 + Half-yearly annuity: Rs 2,05,515 + Yearly annuity: Rs 4,88,030

by | Apr 2, 2025 | Insurance, LIC

The LIC New Jeevan Shanti Plan is an annuity plan offered by Life Insurance Corporation of India (LIC) that provides regular payouts to the policyholder. This plan is designed to provide a stable income stream, which can be used to sustain one’s lifestyle or...