🛑LIC In News🛑
• LIC Launches Mobile App ‘PRAGAT!’ for Development Officers
• PRAGATI stands for “Performance Review Application, Growth And Trend Indicator”.
• Govt appoints 10 merchant bankers for managing IPO of LIC.
• LIC launches ANANDA mobile app for Agents/Intermediaries.
• Mini Ipe takes charge as Managing Director of LIC.
• Government extends superannuation age of LIC Chairman to up to 62 years.
• LIC has launched a centralized web-based workflow-based IT platform called “e-PGS”.
• Centre extends LIC Chairman M R Kumar’s term till March 13, 2022.
• LIC has hiked its stake to 5.06% in state-run Union Bank of India
• LIC emerged as the third strongest and the tenth most valuable insurance brand globally, in
Brand Finance Insurance 100 report for 2021.
• LIC announced the launch of a special scheme called 'Special Revival Campaign’ to revive
Laps (stopped) policies.
• Siddhartha Mohanty set to take over as Managing Director of LIC.
• LIC has appointed Paytm, the multinational e-commerce payment system to facilitate its
🔻Life Insurance Corporation of India (LIC)
Founded : 1956
Headquarters : Mumbai
Chairman : M. R. Kumar
Managing Director : 4 ( Mini Ipe, BC Patnaik, Siddhartha Mohanty, & Raj Kumar)