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The "LIC's Bima Sakhi Yojana" [27] scheme is a significant program introduced by the Life Insurance Corporation of India (LIC) under the guidance of the Government of India [28]. The scheme was officially inaugurated by Prime Minister Narendra Modi [29] [30] [31] on December 9, 2024, in Panipat, Haryana. The program aims to empower women by ...
Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that time were taken over by LIC. In 1993, the Government of India appointed RN Malhotra Committee to lay down a road map for privatisation of the life insurance sector.
LIC is a three-letter abbreviation that may refer to: Hlai language (an ISO639-3 code: lic) Laudetur Iesus Christus, a Roman Catholic greeting; Abbreviation for license; Licentiate, a degree; Life Insurance Corporation, an Indian government-owned corporation; LIC or Love Insurance Corporation, working title for the Indian film Love Insurance ...
Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors. It has Assets under management (AuM) worth ₹ 352,422 crore (US$41 billion) and a Gross Written Premium (GWP) of ₹ 67,320 crore (US$7.9 billion) as of March 2023. [ 2 ]
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The following Committees have been constituted by the Board of Directors of UIIC: [9] Audit Committee's terms of reference include: Oversight of (a) the Company's financial reporting, quarterly and annual disclosure of the correct, sufficient and credible financial information, and (b) its Internal Audit Department's efficient functioning, review of the findings and investigation where deemed ...