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LIC books record profit of ₹37,000 crore from share sale

LIC books record profit of ₹37,000 crore from share sale

Life Insurance Corp. of India (LIC) booked a record ₹37,000 crore profit from share sales in 2020-21, the highest in its 65-year history, as the stock market reached record highs. The latest profit is a 44.4% jump against its ₹25,625 crore profit from stock sales in fiscal 2020.

  •   Source: mint
  •   Published on: 30/04/2021

LIC 10th most-valuable insurance brand, third most-strongest globally: Report

LIC 10th most-valuable insurance brand, third most-strongest globally: Report

The report also looks into the strongest insurance brands. The list is led by Italy's Poste Italiane, followed by Spain's Mapfre, and India's LIC


 Why is investment planning important for women?

Why is investment planning important for women?

It is important for women to focus on planning their finances for meeting their long-term goals and aspirations.


 5 things first-time home buyers should know while looking for a home loan

5 things first-time home buyers should know while looking for a home loan

With this, not only will you be able to get the best interest rate but can also keep the overall interest cost low till the end of the home loan tenure.


LIC collects highest-ever Rs 1.84 lakh-crore new premium in corona period

LIC collects highest-ever Rs 1.84 lakh-crore new premium in corona period

In 2020-21, LIC has achieved its highest-ever first year premium income of Rs 56,406 crore under individual assurance business with a 10.11% growth over last year.


Benefits of no claim bonus protection add-on cover in car insurance and how it works

Benefits of no claim bonus protection add-on cover in car insurance and how it works

A comprehensive car insurance plan not only covers the mandatory third-party insurance for your vehicle but also provides coverage for any damages to your own vehicle as well!


Know why you need to buy a critical illness insurance plan

Know why you need to buy a critical illness insurance plan

This financial burden can be supported by a special financial protection plan called ‘Critical Illness Plan’. You should purchase a critical illness plan along with a health insurance plan.


 11 super critical questions to ask yourself before signing up for a home loan

11 super critical questions to ask yourself before signing up for a home loan

Here is a list of some important questions to help you avoid making a mistake while you plan to take a home loan.


Nine personal finance lessons from Navdurga’s Navratras that help you achieve financial goals

Nine personal finance lessons from Navdurga’s Navratras that help you achieve financial goals

Like all other festivals these nine incarnations also teach us many life lessons to deal with different facets of life including investments.Chaitra Navratri or Vasanta Navratri marks the beginning of the new year of Vikram Samvat of Hindu calendar. Navratri is celebrated to worship nine manifestations of Goddess Durga that represent different characteristics of the Adi Shakti.


 Planning for your child’s future? Here are some quick tips

Planning for your child’s future? Here are some quick tips

Planning for your child’s future is no longer a decision you can procrastinate. It needs your urgent attention, especially if you are a new couple or new parents.


CBDT notifies new ITR forms for AY 2021-22, filing process unchanged

CBDT notifies new ITR forms for AY 2021-22, filing process unchanged

Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been incorporated in the forms, CBDT said in the notification for the new ITR forms


 Life insurance: How to choose a term insurance plan

Life insurance: How to choose a term insurance plan

A term insurance cover should be in place at least till retirement, or till the time one has dependents or liabilities like loans


Your Money: Using life insurance as a retirement plan tool

Your Money: Using life insurance as a retirement plan tool

Both annuity plans and term insurance plans can help you to plan your retirement as there are different variants available in the market


 No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

No Income Tax on salary income of Non-Residents Indians in Gulf countries! Sitharaman says it is exempt

Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India.


OCI Card Holders No Longer Required to Carry Old Passports for India Travel, Diaspora Welcomes Move

OCI Card Holders No Longer Required to Carry Old Passports for India Travel, Diaspora Welcomes Move

People of Indian origin and the Indian diaspora having Overseas Citizens of India (OCI) cards are now not required to carry their old, expired passports for travel to India, as required earlier, according to a government notification that has been welcomed by members of the community.


Income Tax Rules Are Changing from April 1, Here's a Look at New Norms

Income Tax Rules Are Changing from April 1, Here's a Look at New Norms

April 1 will mark the beginning of a new financial year and will bring a slew of income tax changes. Some of the changes were announced by the Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2021 in February. Here is a list of changes which will be introduced from the coming financial year.


Financial planning: Six tips to help you face any financial crisis

Financial planning: Six tips to help you face any financial crisis

Countless people are confronting new financial realities a year after the first of the Covid-19 lockdown announcements. The past year may not have been equally difficult for all of us, but it has surely forced each one of us to rethink our financial priorities. With a resurgence of cases in many regions and vaccinations still in the early phases, the Covid-19 pandemic is far from over.


Why the rich must make life insurance an integral part of estate planning

Why the rich must make life insurance an integral part of estate planning

“I know these premiums would pinch us a bit, but both of us know that in case something happens to me in the next few years, our current savings are not enough to take care of Varun’s expenses for the rest of his life.” Madhavi could clearly recollect her late husband Rahul’s exact words while filling his life insurance claim form.