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LIC wins Rs 25,464 Income Tax refund on interim bonus
New Delhi, Jan 12 (IANS) In a victory for Life Insurance Corporation (LIC), the Income Tax Department has issued a refund intimation of Rs 25,464.46 crore for seven assessment years.
The refund pertains to the ongoing dispute between the Income...
Govt grants LIC exemption from 25% public shareholding rule till 2032
New Delhi, Dec 21 (IANS) Government-owned Life Insurance Corporation of India (LIC) said on Thursday that the Finance Ministry has granted it a one-time exemption from the minimum 25 per cent public shareholding rule.
The rule states that an entity...
India's LIC ranks 4th in world's top life insurance companies list
New Delhi, Dec 5 (IANS) India's state-owned Life Insurance Corporation (LIC) has emerged as the fourth largest life insurer in the world, according to a new ranking, on the basis of life and accident & health reserves, by S&P Global... 