LIC Current Affairs - 2019

Category Wise PDF Compilations available at This Link

All about PM Kisan Maan Dhan Yojana

Union Ministry of Agriculture & Farmers Welfare has rolled out registration for the PM Kisan Maan Dhan Yojana to provide old age pension cover to farmers. It is new Central Sector Scheme envisioned with an aim to improve life of small and marginal farmers of the country. It is first of its kind pension coverage Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Pradhan Mantri Vaya Vandan Yojana: Cabinet doubles investment limit for senior citizens

The Union Cabinet has approved doubling of investment limit from Rs 7.5 lakh to Rs 15 lakh under Pradhan Mantri Vaya Vandana Yojana (PMVVY). It also extended time limits for subscription from ay 2018 to March, 2020. These decisions were taken as part of Government commitment to financial inclusion and social security. It will boost Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Government launches Pradhan Mantri Vaya Vandana Yojana for senior citizens

The Union Finance Ministry has launched Pradhan Mantri Vaya Vandana Yojana (PMVVY), a pension scheme exclusively for senior citizens aged 60 years and above. Under this scheme, senior citizens will get a guaranteed interest of 8% for 10 years depending upon the investment made by them. Features of PMVVY This PMVVY scheme will be available Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Union Cabinet approves Varishtha Pension Bima Yojana 2017

The Union Cabinet has given its approval for launching of Varishtha Pension Bima Yojana 2017 (VPBY 2017).  The scheme will be launched as part of Government’s commitment for financial inclusion and social security. The scheme will be implemented through Life Insurance Corporation of India (LIC) during the current financial year i.e. FY 2016-17. It will Read More…

Month:  Categories: Government Schemes & Projects

Tags:

Union Cabinet gives approves Varistha Pension Bima Yojana, 2003 and Varistha Pension Bima Yojana, 2014

The Union Cabinet has given its ex-post facto approval for the Varishtha Pension Bima Yojana (VPBY) 2003 and Varistha Pension Bima Yojana (VPBY) 2014. The Cabinet also granted approval for expenditure incurred on subsidy amount released to LIC for the both schemes. Key Facts VPBY was launched on 14th July, 2003 and was open till Read More…

Month:  Categories: Government Schemes & Projects

Tags:

LIC launches maiden unit linked insurance plan (ULIP)

State run insurer, Life Insurance Corporation of India (LIC) has launched its maiden unit linked insurance plan (ULIP) product across the country. The ULIP which is also called as ‘New Endowment Plus’ offers investment-cum-insurance provision during the term policy providing dual benefit for the policy holder. Specifications of ULIP: It provides dual benefits of risk Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Life insurance Corporation gets clearance to do business in Bangladesh

Bangladesh has granted permission to India’s state-owned insurance group Life insurance Corporation (LIC) to do business in the country. It was announced by M Shefaq Ahmed, Chairman of Bangladesh Insurance Development and Regulatory Authority (IDRA). LIC will start its operations in Bangladesh as a joint venture (JV) entity to be called LIC Bangladesh Ltd with Read More…

Month:  Categories: Business, Economy & Banking

Tags:

Monthly Current Affairs Compilations are also available in GKToday's Academy App for Android Mobiles. Download Now