LIC Pays Rs 3,662 Cr Dividend to Government
Aug 29, 2024 19:24
LIC handed over a dividend cheque of Rs 3,662.17 crore to Finance Minister Nirmala Sitharaman, taking the total dividend paid to the Centre for FY24 to Rs 6,103.62 crore.
Illustration: Dominic Xavier/Rediff.com
New Delhi, Aug 29 (PTI) State-owned Life Insurance Corporation (LIC) on Thursday handed over a dividend cheque of Rs 3,662.17 crore to Finance Minister Nirmala Sitharaman.
The cheque was presented by Siddhartha Mohanty, Chief Executive Officer & Managing Director of LIC to the finance minister in the presence of M P Tangirala, Additional Secretary, Ministry of Finance.
LIC also paid an interim dividend of Rs 2,441.45 crore on March 1, 2024, thus totaling Rs 6,103.62 crore dividend paid to the Centre for the year 2023-24.
LIC, which completed 68 years since its incorporation, has an asset base of over Rs 52.85 lakh crore.
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