Page-3 of LIC
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 financial inclusion and social security. The scheme will be implemented through Life ..
Month: Current Affairs - January, 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 approval for expenditure incurred on subsidy amount released to LIC for the ..
Month: Current Affairs - September, 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 as ‘New Endowment Plus’ offers investment-cum-insurance provision during the term policy providing ..
Month: Current Affairs - August, 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 Bangladesh Insurance Development and Regulatory Authority (IDRA). LIC will start its operations ..
Month: Current Affairs - June, 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 in the age group of 18 to 50 years. LIC will provide ..
Month: Current Affairs - April, 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 viable infrastructure projects. The MoU was signed by Financial Commissioner (Railways) Rajalakshmi ..