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JammuChairperson LIC presents dividend cheque of Rs 1831.09 Cr to Finance Minister

Chairperson LIC presents dividend cheque of Rs 1831.09 Cr to Finance Minister


NL Bussiness desk

Tawi: Siddhartha Mohanty, Chairperson, LIC of , today presented the Dividend cheque of Rs. 1831.09 Crore to Nirmala Sitharaman, Hon'ble Union Minister of and Corporate Affairs, as the Government of India's share of  Dividend, approved by the Shareholders in the Annual General Meeting held on 22.08.2023.  Dr. M P Tangirala, Additional Secretary, GOI, Ministry of Finance, Dept of Financial Services was present along with Officials from Life Insurance Corporation of India, M Jagannath ,MD, Tablesh Pandey, MD, Sat Pal Bhanoo, MD, R Doraiswamy, MD and J.P.S.Bajaj, ZM(I/C),Northern Zone. LIC has completed 67 years since its incorporation and beginning with an initial capital of Rs.5 crore in 1956, LIC  as at 31.03.2023 has an asset base of Rs.45,50,571.73 Crore with life fund of Rs 40,81,326.41 Crore. Despite two decades of opening up of the insurance sector, LIC continues to be the market leader in the Indian Life Insurance market.

The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

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