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LIC Ordered To Pay Rs 50 Lakh For Covid Policy Premium Payer's Family
A district-level consumer disputes commission in Kerala has ordered Life Insurance Corporation (LIC), India's largest insurer, to pay Rs 50 lakh in compensation to the family of a policy premium payer who succumbed to COVID-19, citing the insurer's t
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LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
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Opinion | Tech's Final Frontier: Death-Tech In India
Growing number of grief-tech startups have emerged in recent years, providing services related to end-of-life planning and post-mortem support. These services include digital wills, funeral planning assistance, after-death care, and asset management
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"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
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Hyundai Creta EV Launch By Q4 FY25, Electric Models Lined Up
HMIL filed preliminary papers with Sebi to launch an initial public offering (IPO). The company's IPO, if it goes through, would be the largest in India, surpassing LIC's share sale of Rs 21,000 crore.
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PM Charge On Sam Pitroda's "Inheritance" Remark Takes Cue From LIC Tagline
Leading the BJP's attack over senior Congress leader Sam Pitroda's comments, Prime Minister Narendra Modi today alleged that the Opposition party plans to tax inheritance passed down from parents to their children
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LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
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RBI Penalises LIC Housing Finance, IDFC First Bank Over Violation
The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms.
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Former LIC Agent Lachhman Das Mittal Is India's Oldest Billionaire
Lachhman Das Mittal was born in 1931 in Punjab's Hoshiarpur. He used to work as an insurance agent with LIC.
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LIC Gets GST Demand Notice Of Rs 178 Crore
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.
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Mumbai Woman Foils UPI Fraud Bid After Recognising 'Red Flags'
A woman has managed to thwart a potential UPI scam after receiving a call from an imposter claiming to be associated with LIC transactions.
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BJP-Led NDA Alliance Has "Mad" Policy Of Selling PSUs, Alleges KCR
The Prime Minister Narendra Modi-led NDA government has a "mad" policy of selling or privatising PSUs, including LIC, BRS chief K Chandrasekhar Rao alleged on Wednesday.
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GST Authority Imposes Rs 36,844 Fine On LIC
Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes.
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Centre Announces Welfare Measures For LIC Agents, Employees
The Ministry of Finance on Monday approved a series of welfare measures for the benefit of Life Insurance Corporation of India (LIC) agents and employees according to a release from the Ministry.
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LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
-
LIC Ordered To Pay Rs 50 Lakh For Covid Policy Premium Payer's Family
A district-level consumer disputes commission in Kerala has ordered Life Insurance Corporation (LIC), India's largest insurer, to pay Rs 50 lakh in compensation to the family of a policy premium payer who succumbed to COVID-19, citing the insurer's t
-
LIC Gets GST Demand Notice Of Rs 605.58 Crore
Life Insurance Corporation of India (LIC) on Thursday said tax authorities have slapped a demand notice of about Rs 605.58 crore on it for short payment of Goods and Services Tax (GST) for financial year 2019-20.
-
Opinion | Tech's Final Frontier: Death-Tech In India
Growing number of grief-tech startups have emerged in recent years, providing services related to end-of-life planning and post-mortem support. These services include digital wills, funeral planning assistance, after-death care, and asset management
-
"Drama": Finance Minister Rubbishes Objections To Tax On Insurance Premium
Union finance minister Nirmala Sitharaman, targetted by her critics over the 18 per cent GST on life and medical insurance premiums, retorted today that leaders having objection should first have consulted their state finance ministers.
-
Hyundai Creta EV Launch By Q4 FY25, Electric Models Lined Up
HMIL filed preliminary papers with Sebi to launch an initial public offering (IPO). The company's IPO, if it goes through, would be the largest in India, surpassing LIC's share sale of Rs 21,000 crore.
-
PM Charge On Sam Pitroda's "Inheritance" Remark Takes Cue From LIC Tagline
Leading the BJP's attack over senior Congress leader Sam Pitroda's comments, Prime Minister Narendra Modi today alleged that the Opposition party plans to tax inheritance passed down from parents to their children
-
LIC Sees 59% Jump In Value Of Investments In Adani Stocks
LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani group companies in 2023-24 fiscal year after the conglomerate made a smart recovery since being hammered by a damning short seller report.
-
RBI Penalises LIC Housing Finance, IDFC First Bank Over Violation
The Reserve Bank on Friday said it has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms.
-
Former LIC Agent Lachhman Das Mittal Is India's Oldest Billionaire
Lachhman Das Mittal was born in 1931 in Punjab's Hoshiarpur. He used to work as an insurance agent with LIC.
-
LIC Gets GST Demand Notice Of Rs 178 Crore
Life Insurance Corporation of India (LIC) on Tuesday said tax authorities have slapped a demand notice of about Rs 178 crore on it for short payment of Goods and Services Tax (GST) for two financial years.
-
Mumbai Woman Foils UPI Fraud Bid After Recognising 'Red Flags'
A woman has managed to thwart a potential UPI scam after receiving a call from an imposter claiming to be associated with LIC transactions.
-
BJP-Led NDA Alliance Has "Mad" Policy Of Selling PSUs, Alleges KCR
The Prime Minister Narendra Modi-led NDA government has a "mad" policy of selling or privatising PSUs, including LIC, BRS chief K Chandrasekhar Rao alleged on Wednesday.
-
GST Authority Imposes Rs 36,844 Fine On LIC
Life Insurance Corporation on Wednesday said the GST Authority has imposed a fine of Rs 36,844 on LIC for lower payment of taxes.
-
Centre Announces Welfare Measures For LIC Agents, Employees
The Ministry of Finance on Monday approved a series of welfare measures for the benefit of Life Insurance Corporation of India (LIC) agents and employees according to a release from the Ministry.
-
LIC Shares Climb Nearly 3% After Q1 Profit Jumps Manifold
Shares of Life Insurance Corporation of India (LIC) on Friday ended with nearly 3 per cent gains after the company reported a multi-fold jump in its April-June quarter net profit to Rs 9,544 crore.
