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The Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$610 billion) as of March 2024. [ 4 ]
Life insurance is one of the growing sectors in India since 2000 as Government allowed Private players and FDI up to 26% and recently Cabinet approved a proposal to increase it to 49%. In 1955, mean risk per policy of Indian and foreign life insurers amounted respectively to ₹2,950 & ₹7,859 [ 1 ] (worth ₹15 lakh & ₹41 lakh in 2017 prices).
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LIC Housing Finance Limited (LIC HFL) is the largest Housing Finance Company in India, with a registered corporate office in Mumbai. It is a deposit taking housing finance company, and it is a subsidiary of LIC , mainly providing long-term financing to people who purchase or construct residential houses or flats.
The district magistrate or the deputy commissioner is assisted by a number of officers belonging to Karnataka Civil Service and other Karnataka state services. A Superintendent of Police , an officer belonging to the Indian Police Service is entrusted with the responsibility of maintaining law and order and related issues of the district.
Any vacancy in the State Information Commission has to be filled within six months from the date of vacancy. [7] Karnataka Chief Information Commissioner (CIC), Information Commissioner (IC) and State Information Commissioner's salaries, allowances and other service terms and conditions are equivalent to a Judge of the Supreme Court. [10]
The Karnataka Sakala Services Act was passed in 2011 to provide guarantee of services to citizens in the Indian state of Karnataka with a stipulated time limiting to citizen related services. The act came to be known as the Sakala act since November 2012. Karnataka is the tenth state to incorporate an act under Right to Public Services legislation.
Bar Council of Karnataka is the regulatory and statutorily representative body for lawyers practicing law in the state of Karnataka. It was constituted as per the mandatory requirement as per Advocates Act, 1961 and Bar Council of India. In March 1953, the 'All India Bar Committee', headed by S. R. Das, submitted a report which proposed the ...