Thu Jun 09 2022

🛑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 digital payments. 🔻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)


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