Life Insurance Corporation

Law to provide enhanced deposit insurance gets Parliamentary nod
IANS -
The Deposit Insurance and Credit Guarantee Corporation Bill, 2021 on Wednesday got Parliament's nod, with the Rajya Sabha passing the legislation, which has already been cleared by the lower house. The bill proposes to provide relief to small depositors by providing guarantees on their life savings, increasing the insurance amount on each depositor's bank deposit to Rs 5 lakh in both principal and interest.
IPO-bound LIC warns against misuse of its iconic logo
IANS -
According to its Twitter handle, the LIC has barred any websites, publishing houses or digital entities from publishing its logo without the prior permission. The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.
ICICI Prudential Life announces Rs 867 cr bonus for policy holders
IANS -
The bonus declared is the highest ever by the Company till date and is also 10 per cent higher than the bonus announced in the last fiscal, the company said. All participating policies in-force as of March 31, 2021 are eligible to receive this bonus and will be added to the policyholders' benefits, it added.
LIC's holding at all time low on profit booking
IANS -
In INR value terms though, it reached an all-time high of Rs 7.24 lakh crore in the quarter ending March 31, 2021, an increase of 6.30 per cent over the previous quarter. Sensex and Nifty rose by 3.70 and 5.10 per cent respectively during this period. LIC also continues to command a lion's share of investments in equities by insurance companies (76 per cent share).
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