The National Consumer Disputes Redressal Commission (NCDRC) bench comprising J. Rajendra (Presiding Member) allowed a revision petition filed by the Life Insurance Corporation of India (LIC). The.
Life Insurance Corp. declared on Thursday an interim dividend of Rs 4 per equity share for the current financial year.
In a meeting, the board of directors fixed Feb. 21 as the record date for the purpose of ascertaining the eligibility of shareholders. The dividend will be paid within 30 days from the date of declaration, according to an exchange filing on Thursday.
The state-run insurer had paid a final dividend of Rs 3 per share in July last year.
LIC Jeevan Dhara II: Life Insurance Corporation of India (LIC) has launched a new annuity plan with guaranteed income. The minimum entry age of LIC Jeevan Dhara II is 20 years and it can be purchased online at www.licindia.in and offline through LIC agents and other channels. As per LIC s press release the insurance cover is also available during the policy s deferment period.
LIC disclosed receiving a demand notice of approximately Rs 663.45 crore from tax authorities for GST shortfall. The notice cites wrong Input Tax Credit (ITC) claims and incorrect tax declaration in GSTR-1 for 2017-18 and 2018-19. LIC plans to appeal against the order within specified timelines. Another demand order for around Rs 116 crore was received for Telangana, following an earlier notice for about Rs 806 crore, including interest and penalties for Maharashtra, both concerning GST underpayment in 2017-18.
The finance ministry on Monday unveiled a series of welfare measures for the benefit of agents and employees of the Life Insurance Corporation of India (LIC).