LIC pays Rs Two,611 cr dividend to Authorities

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.

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Laura Price

Laura Price

Laura is the senior writer and Smartphones section editor responsible for managing software updates and smartphones section. She is very passionate about Gadgets & Technology and always looking around to use them in an innovative way in daily life. She reviews Gadgets & Applications to tell users about their optimum use to get the most out of in which they’ve put their time and hard earned money.
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