Life Insurance Corporation (LIC) News

Getting a deferred annuity plan is a smart move for people who want to make sure they have money coming in regularly when they retire. 

Wrongdoing in investments by LIC, if any, would be probed by the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI), the Rajya Sabha member said.

When it comes to investing, the Life Insurance Corporation of India (LIC) is one of the most trusted investment avenues. LIC is one of the preferred options because it mostly provides assured returns and many of its plan help in tax savings as well. The wide range of plans and policy gives investors multiple options to choose from for investment.

LIC said that it expects Policyholders to take benefit of the service. However, one should remember that the WhatsApp facilities can be availed only by policyholders who are registered with the LIC on its website. The LIC WhatsApp service was launched by LICI Chairman MR Kumar.

LIC Jeevan Labh Maturity Calculator: When it comes to investing, people get to choose from a wide range of options. If it comes to long-term investment with a life cover, people often trust India's most valuable life insurance company - Life Insurance Corporation (LIC) of India. LIC has multiple plans to suit the need of individual investors and investment into the plans starts from a very low amount. One of such policy is LIC Jeevan Labh. LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family in case of the unfortunate death of the policyholder any time before maturity and a lump sum amount at the time of maturity for the surviving policyholder. This plan also takes care of liquidity needs through its loan facility.

LIC on Friday reported a multi-fold jump in net income at Rs 15,952 crore in the July-September quarter, More than 40 per cent of the net income came in from profit from investments which reached Rs 6,798.61 crore. LIC shares were up by around 6 per cent in early trade

The minimum entry age for this policy is 8 years and the maximum entry age is 75 years. The minimum policy term is 12 years and the maximum policy term is 35 years. Investing around Rs 2200 per month can yield a return of Rs 48 lakh

On Monday, LIC shared jumped to day's high of Rs 611 and closed at Rs 603.85 Shares of Life Insurance Corporation of India (LIC) have dipped around over 35 per cent in the last six months LIC is planning to issue bonus shares and dividends of about Rs 1.8 lakh crore to the shareholders

DIPAM said that the potential investor should have a minimum net worth of Rs 22,500 crore The last date for submission of bids or Expression of Interest (EoI) by potential buyers is December 16 The government and LIC hold 94.72 per cent stake together in IDBI Bank

To be eligible for this scheme, the employee needs to fall in the age group of 18 and 75 years and in case of maturity age, it should be 85 years. In terms of contribution, a minimum of Rs 10,000 is required at the time of inception of this policy and then a contribution of Rs 1,200 is mandatory every year for the members. Also, the minimum group size for the new employer-employee scheme should be 10.

"Banks have to lend at feasible rates, while senior citizens want secure, reasonable, unfluctuating return on their investment," Jaitley said here launching the pension scheme -- Pradhan Mantri Vaya Vandana Yojana (PMVVY).

It can be purchased offline as well as online through Life Insurance Corporation (LIC) of India which has been given the sole privilege to operate this scheme, the finance ministry said in a statement on Thursday.