Life Insurance Corporation of India (LIC) has launched its new product LIC’s Jeevan Kiran. The new product will cater to Domestic market. LIC has launched its new product on July 27, 2023.
Earlier, LIC had decreased its shareholding in ‘Bajaj Auto’. The Corporation’s shareholding in ‘Bajaj Auto’ had been diluted from 1,47,12,999 to 89,77,945 Equity Shares, decreasing its shareholding from 5.200% to 3.173% of the paid-up capital of the said company.
Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and investment company.