Marathi | HIndi
Life Insurance Corporation of India is an Indian state-owned insurance group and investment corporation owned by the Government of India.
The All-India LIC Employees Federation on June 25 wrote a letter to Prime Minister Narendra Modi asking him to stop the proposed disinvestment of the Life Insurance Corporation of India, stating the move would be against his stated mission of an Atma Nirbhar Bharat.
The proposed new income tax slab rates - a lower rate without any tax deductions - may put some money in the hands of taxpayers but would affect the agents selling life or general insurance policies and post office saving instruments, said a top leader of the state-run LIC agents' association.
Housing finance company PNB Housing Finance has raised Rs 2,500 crore through the issue of secured redeemable non-convertible debentures (NCDs) to state-run LIC.