The Union government can unlock nearly ₹2.4 lakh crore if it plans on monetising its excess stake in over 19 state-run companies ranging from IRFC to Life Insurance Corporation, SJVN and many state-run banks.Excess stake implies those companies in which government shareholding is more than 75%. Companies, both private and PSUs, need to have promoter shareholding of 75% or less to comply with the Securities and Exchange Board of India’s (SEBI’s) minimum public shareholding norms.When…
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Category: LIC
LIC launches Jeevan Dhara II plan
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Life Insurance Corporation of India (LIC) on Friday announced the launch of a new saving and annuity plan Jeevan Dhara II.
Available for sale from Monday, this individual, savings, deferred annuity plan permits a minimum entry age of 20 years. The annuity is guaranteed from inception and 11 annuity options are…
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Source: https://www.moneycontrol.com/news/business/lic-launches-jeevan-dhara-ii-plan-12089501.html/amp
LIC introduces Jeevan Dhara II deferred annuity plan
The Life Insurance Corporation of India (LIC) has introduced Jeevan Dhara II, a new individual, savings, deferred annuity plan.Under the plan, available for sale from January 22, annuity is guaranteed from inception and as many as 11 annuity options will be available. There is higher annuity rates at higher ages and life cover will be available during the deferment period, LIC said on Friday following launch of the plan by Chairperson Siddhartha Mohanty.
The minimum age at entry should be…
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LIC launches non-participating product Jeevan Dhara-II: Check details here
Photo Credit: Ruby Sharma
State-owned Life Insurance Corporation of India (LIC) on Friday announced the launch of the non-participating product Jeevan Dhara-II.
According to the exchange filing, the product, which will be available from 22 January 2023, is a non-linked, non-participating, individual savings deferred annuity plan.
In November, LIC had launched a new non-linked, non-participating individual savings whole life insurance product – Jeevan Utsav.
The minimum entry age…
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Traders Diary: Buy, sell or hold strategy on LIC, ICICI Bank, Lupin, IRFC, MGL, over a dozen other stocks today ,Stocks News, Business News
In this edition of Traders’ Diary, the Zee Business research team shares exclusive research on 20 stocks that investors and traders can track on Friday, January 19. Check out the complete list of stocks on analysts Varun Dubey and Kushal Gupta’s radar.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGHere’s the complete list of investment and trading ideas for the day:
Kushal Gupta
Buy Home First Finance shares in the cash segment for a target of Rs 1,020 with a stop loss at Rs 975
Buy Mahanagar…
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Pravin Dabhi bags MDRT for 10th time in a row
Mumbai, Jan 18: Pravin Dabhi, who has been working as an LIC agent for past 10 years, has become the Galaxy Club member. Moreover, he has been conferred with MDRT for tenth time in a row. In fact, he has been getting this honour for past 10 years in a row.This is really something great for a person who had started working as an LIC agent since 2014.Besides, he has earned a renewal commission of Rs 25 lakh and first new commission of Rs 35 lakh. Interestingly, his area of operation is…
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Source: https://www.bizzbuzz.news/amp/markets/pravin-dabhi-bags-mdrt-for-10th-time-in-a-row-1282876
Nayanthara’s Reported Exit From Vignesh Shivan’s LIC Leaves Fans Disappointed
Vignesh Shivan’s upcoming directorial venture, LIC, has become the talk of the town for both its star-studded cast and recent legal troubles. The movie, featuring Pradeep Ranganathan, Kirthi Shetty, and SJ Suryah in lead roles, has encountered a setback after the Life Insurance Corporation (LIC) issued a legal notice objecting to the film’s title. The controversy has gained further attention amid unconfirmed reports of Nayanthara, the lady superstar of Indian cinema and Vignesh…
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AI could impact 30% of jobs in India: Gita Gopinath; LIC remains a wealth destroyer & more
Here are the top 11 news stories across business, global events, tech, and more.#LatestNews⚡India’s most valuable PSU remains a wealth destroyerLife Insurance Corporation of India (LIC) overtook the State Bank of India on Wednesday to become India’s most valuable state-run company in terms of market capitalisation.At the start of trading on Wednesday, LIC had a market capitalisation of ₹5.66 lakh crore, compared to SBI’s ₹5.64 lakh crore, though SBI recovered from opening lows to…
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After Bonus, LIC-backed FMCG Stock Hits Upper Circuit for 5th session In A Row – MSN
After Bonus, LIC-backed FMCG Stock Hits Upper Circuit for 5th session In A Row MSNFrom Rs 2.89 to Rs 7.11 per share: LIC-backed multibagger penny stock hit upper circuit as it allotted bonus shares; turned Rs 1 lakh to Rs 2.46 lakh in just 1 month! Dalal Street Investment Journal146% Return In 1 Month: LIC-Backed Stock Hits Upper Circuit on Allotment of Over 45 Crore Bonus Shares Times NowLIC-Backed Penny Stock Below Rs 10 Hits 5% Upper Circuit On Allotment of 1:1 Bonus…
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LIC resumes operations at Mauritius branch; stock trades in green
Life Insurance Corporation of India (LIC) has resumed operations at its Mauritius branch with effect from January 17, 2024, after the passing of Cyclone Belal. LIC had earlier received income tax litigation from the Assistant Commissioner of Income Tax, Mumbai, for financial claim of ₹1,370.60 crore. The corporation will file an appeal before the Commissioner (Appeals), Mumbai, against the orders. The LIC stock traded at ₹900.40 on the NSE, up by 0.88 per cent as of 12:35 pm.
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