Special revival campaign between August 23 and October 22, 2021, for individual lapsed policies.
The disinvestment plan includes strategic sale of IDBI Bank, BPCL, Shipping Corp, Container Corporation, Neelachal Ispat Nigam Ltd, among others.
The 65-year-old LIC, which is soon going for its IPO, has warned stringent legal or civil action against any person found misusing its official logo, in a post on Friday.
In her Budget Speech 2021, Finance Minister Nirmala Sitharaman said the Initial Public Offer (IPO) of LIC would be floated in 2021-22.
The board at its meetings held this year on February 27, March 26, and April 28 has considered and approved the said requests, subject to the approval of the stock exchanges, statutory/regulatory authorities and the shareholders of the bank, it said.
LIC held 3.09 per cent stake in UBI earlier, representing 19,79,23,251 equity shares of the bank.
He has worked in the capacity of Regional Manager (Marketing), Hyderabad and Regional Manager (Bancassurance) Hyderabad.
The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS), as per an official statement.
LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.
The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.
The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020
The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years
Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd
LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.
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