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Dear Friends, Our Annual General Meeting is Schedual 02-October-2023. Pls Attend
it. and Pay Unpaid Fee on Meeting.....


EVENTS


> Annual General Meeting


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Annual General Meeting

Dear friends, Our Annual General Meeting Schedual on 2-October-2023.

Place : SHIVSHAKTI HALL, CRESENT, BHAVNAGAR

Time : 08:30 AM onward

Date : 02-Oct-2023, Monday.


NEWS


Life Insurance choices if you are in your 50s



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Life Insurance choices if you are in your 50s



LIC Buys Rs 5,000-cr Infra Bonds from ICICI, HDFC Bank



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LIC Buys Rs 5,000-cr Infra Bonds from ICICI, HDFC Bank



Jeevan Bima ke liye sakaratmak (Positive) saal



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Jeevan Bima ke liye sakaratmak (Positive) saal



Irdai to revise agents commission norms



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Irdai to revise agents commission norms



Campaign for Revival of Lapsed Policies from 15th Jan to 28th Feb



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Campaign for Revival of Lapsed Policies from 15th Jan to 28th Feb

Date : 15-Jan-2015

 

On the Basis the feedback from various offices and it has been decided to launch
a second campaign for revival of Lapsed Policies from 15th Jan to 28th Feb 2015.
First Campaign was launched for 3 Months from 16th Aug to 15th Nov 2014.

Old notes will still be legal tender



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Old notes will still be legal tender



Government approves 8.75% interest rate on provident fund deposits for 2014



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Government approves 8.75% interest rate on provident fund deposits for 2014

Over five crore subscribers of the EPFO will get 8.75 per cent interest this
fiscal on their provident fund deposits - the same rate as the previous year.

"Finance ministry has ratified the decision of the EPFO’s central board of
trustees (CBT) to retain 8.75 per cent rate of interest for the current fiscal,"
said a source.

The rate was same in the previous year, 2013-14, when it was raised from 8.5 per
cent in the 2012-13 fiscal.

This rate of interest on PF deposits would now need to be notified by the labour
ministry as well as by the income tax department. The decision would be
implemented from the date of notification, a senior official said.

The CBT had decided to retain the interest rate on PF deposits at 8.75 per cent
for the current fiscal at its meeting on August 26.

As per the practice, decision of the trustees of Employees’ Provident Fund
Organisation on interest rate is implemented after the concurrence of the
finance ministry.

According to the EPFO’s income projection, payment of 8.8 per cent rate of
interest would have left a surplus of Rs 77.15 crore. But since the income
projection of Rs 29,136.42 crore for the current fiscal was done without
factoring in interest payment burden due to enhanced wage ceiling, EPFO had
suggested to fix 8.7 per cent rate of return on PF deposits for 2014-15.

The body recently enhanced the wage ceiling for becoming member of the scheme at
the time of joining a job to Rs 15,000 from Rs 6,500 per month. The new wage
ceiling is effective from September 1.

Centre may take ordinance route to hike FDI limit in the insurance sector:



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Centre may take ordinance route to hike FDI limit in the insurance sector:

The Centre reportedly said that it may take the ordinance route to hike the
foreign direct investment (FDI) limit in the insurance sector to 49%.

“In case, the Insurance Bill is not passed in this session, the ordinance route
can’t be ruled out,” government reported.

This move comes after the Rajya Sabha was adjourned without transacting any
major business. Earlier on Thursday, the Opposition demanded a statement from
Prime Minister Narendra Modi on the religious conversion controversy.

LIC presents a Dividend Cheque to the Union Finance Minister



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LIC presents a Dividend Cheque to the Union Finance Minister

17-Dec-2014

S.K. Roy presented a dividend cheque to Arun Jaitley in his office.

S.K. Roy, Chairman, Life Insurance Corporation (LIC) of India presented a
dividend cheque of rupees One Thousand Six Hundred Thirty Four Crore Eighty Nine
Lakhs Fifty Seven Thousand and Six Hundred Two (Rs.1634, 89, 57, 602.00) to the
Union Finance Minister Arun Jaitley in his office.

Rajiv Mehrishi, Finance Secretary, Dr. Hasmukh Adhia, Secretary, Department of
Financial Services, Ministry of Finance, Manak, V.K. Sharma and Ms. Usha
Sangwan, all Managing Directors, LIC were also present on the occasion among
others.

LIC pays dividend of Rs 1,634.9 cr to govt



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LIC pays dividend of Rs 1,634.9 cr to govt

16-Dec-2014



The country’s largest insurer, Life Insurance Corporation (LIC), paid the
government a dividend of Rs 1,634.90 crore for 2014-15 on Monday, according to a
press statement by the Ministry of Finance. 

 

The cheque was presented by LIC managing director SK Roy and received by Finance
Minister Arun Jaitley.

The budgeted proceeds for the year from dividend from Reserve Bank, other
state-owned banks and financial institutions is Rs 62,414.18 crore, while from
other state-owned companies, the centre expects proceeds of R s 27,815.10 core.


 
 

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