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LIC policy holder? Life Insurance Corporation has good news for you!
LIC policy holder? Life Insurance Corporation has good news for you!

Are you LIC policy holder and have to pay extra charges during the payment of policy premium? Then from now, you don't have to pay any additional charges on LIC policy premiums. The Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards.

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Don't have money in your bank account to pay LIC premium? You can use your credit card
Don't have money in your bank account to pay LIC premium? You can use your credit card

Now, for those who are short of cash, they can opt to pay their Life Insurance Corp. of India (LIC) policy premiums using their credit card. This is especially useful for those last-minute tax-savers who do not have enough money in their bank a/c.

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LIC’s millennial connect: How insurance giant is making policies alluring to youth
LIC’s millennial connect: How insurance giant is making policies alluring to youth

At a time of economic slowdown, government-owned insurance group LIC has not only gained market share but has also made getting insured attractive to millennial population.

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‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’
‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’

"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).

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NSE, BSE suspend Karvy's trading license
NSE, BSE suspend Karvy's trading license

NSE said that the license has been suspended due to non-compliance with Sebi norms This action follows the 22 November Sebi order which had in preliminary findings held that the brokerage firm had misused client securities

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RBI expected to cut rates on December 5
RBI expected to cut rates on December 5

A cut in the repo rate would be immediately transmitted to retail borrowers as the RBI has forced banks to link loans to an external benchmark instead of a self-determined reference rate Most banks have chosen the RBI’s repo as a benchmark, which means that home loans could fall to below 8%

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LIC waives off charges on credit card payments
LIC waives off charges on credit card payments

The Corporation said any credit-card originated payments towards renewal premium, new premium, or repayment of loan and interest on loans against the policies will not attract any additional charges or convenience fee its parlance, from December 1.

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LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal
LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal

The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.

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LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal
LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal

The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.

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