Life Insurance Corporation (LIC) Current Affairs, GK & News

Indian Companies in 2022 Fortune 500 list

In the Fortune Global 500 list of year 2022, 9 Indian public and private companies have been added. Life Insurance Corporation (LIC) of India has been ranked at 98th position in the list, with revenue worth USD 97,266.7 million. LIC has been added to the list for the first time, after it was listed on ..

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LIC: India’s largest Initial Public Offering

The Government of India is planning to sell 5% of its share in LIC. LIC is Life Insurance Corporation. With this, the government is trying to raise Rs 65,000 crores. What is the plan? 10% of the shares are being reserved for eligible policy holders. These shares will carry discounted prices. The plan is to ..

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Foreign direct investment in LIC

The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..

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LIC introduces Technology Platform ‘e-PGS’

Life Insurance Corporation (LIC) has launched a centralized web-based workflow-based IT platform called “e-PGS”. Why this platform was launched? LIC launched this platform for its group business operations. Project e-PGS was inaugurated by M R Kumar, Chairman of LIC, at Central Office, Mumbai. First digital receipt generated on new IT platform was received by Rakesh ..

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