Life Insurance Corporation

Govt approves 17% wage hike for 1.10 lakh employees of LIC

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Life Insurance Corporation (LIC) New Delhi: The government has approved a 17 per cent overall hike in wages for more than 1.10 lakh employees of insurance giant Life Insurance Corporation of India (LIC). The wage hike approval has come days after the government cleared a similar raise for the employees of public sector banks. The … Read more

Govt grants LIC exemption from 25% public shareholding rule till 2032

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Life Insurance Corporation (LIC) New Delhi: Government-owned Life Insurance Corporation of India (LIC) said on Thursday that the Finance Ministry has granted it a one-time exemption from the minimum 25 per cent public shareholding rule. The rule states that an entity with a market cap of more than Rs 1 lakh crore must have a … Read more