NEW DELHI: State-owned
74 crore to the authorities for fiscal year 2018-19.
“Throughout the Financial Year 2018-2019,
LIC created a valuation surplus of Rs 53,214. 41 crore, registering a rise of 9.9% over the preceding year. It’s a market share of 76. 28percent in many coverages and 71percent in First year Premium according to 30.
LIC Chairman M R Kumar handed over the cheque to Finance Minister Nirmala Sitharaman in existence of Finance Secretary Rajiv Kumar and Special Secretary Debasish Panda.
“Union Finance Minister Smt. @nsitharaman receives a cheque of Rs two,610. 74 Crores from Shri M.R. Kumar, Chairman of
LIC, as Government’s share of surplus for Financial Year 2018-2019 here now. Shri Rajeev Kumar, Finance Secretary, was also present,” the ministry stated.