Tag Archives: Life Insurance Corporation of India

The Life Insurance Corporation of India (LIC) is reportedly considering a strategic move to sell a portion of its premium commercial buildings and land assets across the country, aiming to raise a substantial amount of $6-7 billion (₹50,043-58,384 crore), as per a recent report by Mint.

A recent incident involving an employee of the Life Insurance Corporation of India (LIC) has sparked regulatory scrutiny and resulted in disciplinary action. The employee was found to have engaged in front-running activities using their deceased father's demat account, leading to their dismissal from LIC. Here's a summary of what transpired and the responses from LIC and the Securities and Exchange Board of India (SEBI).

The Life Insurance Corporation of India (LIC) has recently garnered attention for its financial activities, as it received a substantial income tax refund of ₹21,740 crore from the Income Tax Department. However, with ₹3,700 crore still pending, the insurer awaits further reimbursements.