Current Affairs

GK MCQs Section

Page-2 of LIC

Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens

The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time...

May 3, 2018

Government launches Pradhan Mantri Vaya Vandana Yojana for senior citizens

The Union Finance Ministry has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above. Under this scheme, senior...

July 22, 2017

Union Cabinet approves Varishtha Pension Bima Yojana 2017

The Union Cabinet has given its approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017).  The scheme will be launched as part of Government’s commitment for...

January 25, 2017

Union Cabinet gives approves Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

The Union Cabinet has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 and Varistha Pension Bima Yojana (VPBY) 2014. The Cabinet also granted...

September 29, 2016

LIC launches maiden unit linked insurance plan (ULIP)

State run insurer, Life Insurance Corporation of India (LIC) has launched its maiden unit linked insurance plan (ULIP) product across the country. The ULIP which is also called...

August 19, 2015

Life insurance Corporation gets clearance to do business in Bangladesh

Bangladesh has granted permission to India’s state-owned insurance group Life insurance Corporation (LIC) to do business in the country. It was announced by M Shefaq Ahmed, Chairman of...

June 3, 2015

Dena Bank inks MoU with Life Insurance Corporation to provide insurance cover

State owned Dena Bank has signed Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to its all Aadhaar-linked savings account holders...

April 7, 2015

Indian Railways inks MoU with LIC for Rs 1.5 lakh crore investments in rail infrastructure

Indian Railways on 11 March 2015 inked an MoU with Life Insurance Corporation (LIC) to raise Rs 1.5 lakh crore for financing the development of its various commercially...

March 11, 2015

LIC's stake in Axis Bank crosses 10%

The stake of country’s largest life insurer Life Insurance Corporation of India (LIC) in Axis Bank crossed 10% after it picked up the private lender’s shares through open...

January 24, 2014

Ms. Usha Sangwan: The first woman managing director of LIC

The Government of India appointed Ms Usha Sangwan as the first woman managing director of Life Insurance Corporation of India (LIC) and Vijay Kumar Sharma as an MD...

December 24, 2013

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