LIC hands over dividend cheque to GoI
Siddhartha Mohanty, CEO & MD, LIC of India, today presented the Dividend cheque of Rs 3662.17 Crores to Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of Dividend, approved by the Shareholders in the Annual General Meeting held on August 22
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Mumbai, Aug 30: Siddhartha Mohanty, CEO & MD, LIC of India, today presented the Dividend cheque of Rs 3662.17 Crores to Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of Dividend, approved by the Shareholders in the Annual General Meeting held on August 22.
Dr M P Tangirala, Additional Secretary, GOI, Ministry of Finance, Dept of Financial Services was present along with Officials from Life Insurance Corporation of India, M Jagannath ,MD, Tablesh Pandey, MD, Sat Pal Bhanoo, MD, R Doraiswamy, MD and JPS Bajaj, ZM (I/C),Northern Zone.
LIC also paid Interim Dividend of Rs. 2441.45 Crores on 1st March 2024, thus totalling to Rs 6103.62 crore paid as dividend to Government of India for the year 2023-24.
LIC is completing 68 glorious years since its incorporation and as at March 31 has an asset base of over Rs 52.85 Lakh crore. It continues to be the market leader in the Indian Life Insurance market.
