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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). Life Insurance in India was nationalised by incorporating Life Insurance Corporation (LIC) in 1956. All private life insurance companies at that
Instead, the IPO offered a 3.5% stake, valuing the company at approximately ₹6 lakh crore. [16] [17] Since the IPO, LIC's market value has seen substantial growth. As of 2024, LIC's shares have reached record highs, with the company's market value increasing by $30 billion over two years. [18]
In case of death due to any cause, the payment to the nominee will be ₹ 2 lakh (US$2,300). [1] [2] In order to avail of the benefits offered by the Pradhan Mantri Jeevan Jyoti Bima Yojana policy, it is mandatory to link your Aadhaar Card to the participatory bank account. [citation needed]
In 1980 it was ₹ 662 crore (US$840.1 million) and ₹ 5,250 crore (US$1.62 billion) in 1995. [158] In 2022 financial outlay was ₹ 2.06 lakh crore (equivalent to ₹ 2.3 trillion or US$27 billion in 2023). Allocation in 2020-21 had reached ₹ 5.41 lakh crore (equivalent to ₹ 6.1 trillion or US$70 billion in 2023), an all-time peak. [159 ...
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15 years ago: If you invested $1,000 in Bitcoin in 2009, your investment would be worth $103 billion. Bitcoin traded at $0.00099 per bitcoin in late 2009, when $1 equaled 1,309.03 bitcoins.
Twenty-three years since the day that changed everything. Since that impossibly blue sky on a crisp autumn morning. Since the first plane. Then the second plane.
In its Annual report for FY 2012-13, the company reported that loan assets per employee as at 31 March 2013 were Rs. 53.63 crore and net profit per employee was Rs. 70.51 lakh. [7] In the same financial year, it incurred INR 98.15 crore on employee benefit expenses. [7]