LIC pays Rs 2,611 cr dividend to govt, generated Rs 53,214.41 cr in 2018-19


PTI, Dec 28, 2019, 2:08 PM IST

New Delhi: State-owned LIC on Friday paid a dividend of Rs 2,610.74 crore to the government for the financial year 2018-19.

“During the Financial Year 2018-2019, LIC generated a valuation surplus of Rs 53,214.41 crore, registering a growth of 9.9% over the previous year. It has a market share of 76.28% in number of policies and 71% in First year Premium as on 30.11.2019,” the finance ministry said in a tweet.

LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in presence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda.

“Union Finance Minister Smt. @nsitharaman receives a cheque of Rs 2,610.74 Crores from Shri M.R. Kumar, Chairman of LIC, as Government’s share of surplus for Financial Year 2018-2019 here today. Shri Rajeev Kumar, Finance Secretary, was also present,” the ministry said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

India to have urban air mobility in form of EVTOLs across country: Scindia

Active COVID-19 cases in country dip to 14,955

Petrol price cut by Rs 8.69, diesel by Rs 7.05

Monkeypox: What is it and how can we prevent the spread?

Bengaluru: Teenage girl dies after falling off second floor of mall

AstroSat witnesses black hole birth for 500th time Astrosat witnesses black hole birth for 500th time

K’taka CM thanks Modi, Sitharaman for reducing fuel prices


Related Articles More

CNG price hiked by Rs 2 per kg; rates up by Rs 19.60/kg in two months

NSE co-location scam: CBI launches search operation in multiple cities

Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay

DGCA grants Jet Airways air operator certificate, can resume commercial flight ops

Markets claw back lost ground amid global rebound; post weekly gains

MUST WATCH

High tech Bust stand Inaguration at Shirva

NEWS BULLETIN 21-05-2022

We will have 2 options

Chikkamagaluru DC statement Namaz at Dattapeeta video goes viral

Kalasa Crime : CCTV Footage found


Latest Additions

Man orders cake via Swiggy, gets served with hilarious meme

Rohit not losing sleep over disappointing season, says one minor adjustment away from finding form

MP: Angry over brother not attending mother’s funeral, woman attacks her 10-yr-old nephew with knife

Odisha autorickshaw driver returns gold necklace worth Rs 1.6 lakh to passenger

Professor arrested for emails criticizing Assam Govt, CM

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.