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Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC. In 1993, the Government of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector.
In flexible-premium policies, large deposits of premiums could cause the contract to be considered a modified endowment contract by the Internal Revenue Service (IRS), which negates many of the tax advantages associated with life insurance. The insurance company, in most cases, will inform the policy owner of this danger before deciding their ...
The company's AUM crossed the milestone of Rs 50000 crore and the total number of branches in the country crossed 750 during the financial year 2012-13.The company's GWP crossed the milestone of Rs 15000 crores during the financial year 2015-16 and in the subsequent financial year in 2016-17 SBI Life's renewal premium collection crossed the ...
The Las Vegas Metropolitan Police Department and FBI are investigating the explosion of a Tesla Cybertruck in front of the Trump hotel in Vegas, that left 1 dead.
LIC is a three-letter abbreviation that may refer to: Hlai language (an ISO639-3 code: lic) Laudetur Iesus Christus, a Roman Catholic greeting; Abbreviation for license; Licentiate, a degree; Life Insurance Corporation, an Indian government-owned corporation; LIC or Love Insurance Corporation, working title for the Indian film Love Insurance ...
Grandma’s warnings about catching a cold walking barefoot on a chilly floor or going outside with wet hair have some truth.. Colder temperatures, especially in winter months, won’t cause a ...
A passenger on a plane sniffed out another traveler's foul-smelling food in a viral video he recently posted on social media.. Zavier Torrence, 25, told Fox News Digital he was on the second leg ...