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Tuesday, October 23, 2007

Media Room

List of firm allotment of flats made to the Applicants by way of draw of lots held on 06.10.2007 for the Policy Holders Housing Scheme Phase – 2 at PadiEri Chennai” under Southern Zone.

LIC DECLARES VALUATION RESULTS FOR 2006-07

Life Insurance Corporation of India has sold 1585978 Equity Shares of Uttam Galva Steels Ltd. at a rate of Rs.34.45/- per share constituting 1.51% of the paid up capital of the company.

Life Insurance Corporation of India has sold 1332000 Equity Shares of Perfect Circle India Ltd. at a rate of Rs.35/- per share constituting 4% of the paid up capital of the company.


LIC, GE Money and Corporation Bank sign MOU to establish a Credit Card Venture in India.
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LIC Completes 51 years of service to its customers
LIC launches its two unit linked plans - Profit Plus and Fortune Plus.
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LIC has added one more feather to its cap by winning NDTV Profit Business Leadership Award 2007 under the life insurance category by being adjudged the Best Life Insurance Company of the Year .

Our Chairman Shri T S Vijayan accepted the award from our Hon`ble Finance Minister Shri P Chidambaram at a glittering function held in New Delhi on the 27th of July 2007. This is a proud moment for all LICians. Speaking at the function Shri T S Vijayan said that the award is a result of the trust reposed in LIC by the people of the country.

LIC the No 1 Trusted Service Brand – for the 4th successive year-ET Brand Equity Survey.
LIC presents its first new product for the current Fiscal - "Jeevan Amrit" - on 28.05.2007
LIC is awarded the Readers Digest Trusted Brand Award. Shri Rajesh Kandwal ED ( SBU-IO/CC ) is seen accepting the award from Ms Ambika Soni, Union Minister for Tourism and Culture. Also seen in the picture are Shri Ashish Bagga, CEO, The India Today Group.
Consumer superbrands 2006-07 status has been awarded to LIC. Shri A.K.Sahoo, Executive Director (marketing) received the award from Shri Anmol Dar, Chairman, Superbrands council in a function organised at the Taj Land`s End, Bandra on 12.04.2007.

Annual Report

Shri A K Dasgupta takes over as Managing Director of Life Insurance Corporation of India

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Life Insurance Corporation Of India added another feather to its cap by winning the Championship Award at the Corporate Olympics held at Mumbai.
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EDMS Agreement Executed
LIC & UTI Bank tie up for a unique IT enabled initiative for collection of LIC Premiums.
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LIC has launched two Children’s Plans – LIC’s Child Career Plan and Child Future Plan
Dena Bank ties up with Life Insurance Corporation of India to launch Group Mortgage Redemption Assurance Scheme for Housing Loan Borrowers.
Central Adv.for purchase of Plots for Branch Offices /Staff
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Rs.11,784.58 crore Bonus from LIC to its Policy Holders for the year 2005-06.
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LIC LAUNCHES MONEY PLUS( PLAN NO 180 )-A UNIT LINKED ENDOWMENT PLAN

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LIC Inaugurates its Hi-tech Data Center & Launches the Life Insurance Customer Data Warehouse
Life Insurance Corporation of India (LIC) , one of the largest Life Insurance Companies in the World with in-force policy base of 190 Million, announces the formal Inauguration of its Corporate Active Data Warehouse(CADW) and World class Data Center which will house the entire IT Infrastructure relating to all Core Applications of LIC. The Data Center has been built with redundancies in each and every area so as to ensure that there is no single point of failure.

LIC launches "Jeevan Madhur" - A Micro Insurance Product.
LIC�s �Jeevan Madhur� � a Micro Insurance Product was launched today in the esteemed presence of Dr. A.P.J. Abdul Kalam, President of India. President was kind enough to hand over policy bonds to the first two policyholders and four NGOs in a colourful function held in Vigyan Bhavan, New Delhi. The function was presided over by Shri P. Chidambaram, Hon�ble Union Minister for Finance and attended by Mr. S.S. Palanimanickam Hon�ble Union Minister of State for Revenue. Micro Insurance Product is targeted to cover the low income group and especially those who have no fixed and stable income.
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LIC has been awarded the "NDTV Profit Business Leader in Insurance" award at New Delhi. Shri T. S. Vijayan, Chairman of LIC accepted the award from Shri Manmohan Singh, Prime Minister of India.
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The LIC’s Chandigarh division has been ranked first in the country
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29/06/2006
Annual Report


10/07/2006

LIC wins Awaaz Consumer Award 2006
LIC has won the Awaaz Consumer Award 2006 in the Insurance category, as the most preferred brand of Insurance Companies (life).
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