Sunday, March 7, 2021

Govt proposes to hike in LIC#39;s authorised capital to Rs 25,000 crore

Govt proposes to hike in LIC#39;s authorised capital to Rs 25,000 crore Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore. Starting with an initial capital of Rs 5 crore in 1956, LIC has an asset base of Rs 31,96,214.81 crore.

from Moneycontrol Business News https://ift.tt/3vdgNnc
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