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
Related Articles More
Epigamia founder Rohan Mirchandani dies of cardiac arrest at age 42
Lohia Auto launches EV brand ‘Youdha’, aims to sell 3 lakh vehicles by 2027
“FM ji FM ji, itna tax main kaise bharun”, asks investor Vijay Kedia in viral post
RBI: After another status quo year, all eyes on a growth-propping rate cut with new Guv at helm
Front-running case: Sebi bans 9 entities from market , impounds illegal gains of over Rs 21 crore
MUST WATCH
Latest Additions
Apologise for always insulting Ambedkar instead of doing drama: BJP to Cong on campaign against Shah
Farmer who threatened to commit suicide asked to cough up Rs 9.9 lakh by police for security arrangements
No question of forgiving BJP MLC Ravi at any cost for using derogatory word : Minister Laxmi Hebbalkar
Unnao rape survivor father’s death: Delhi HC extends Kuldeep Sengar’s interim bail till January 20
Police to train Delhi school teachers to deal with bomb threats
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.