LIC gets green signal for proposal to setup branch office in GIFT City

Life Insurance Corporation of India | Insurance | BFSI | BSE: 543526 | NSE: LICI

27 Dec 2023 Evaluate

Life Insurance Corporation of India (LIC) has received approval for a proposal to setup a Branch Office of the Corporation at International Financial Services Centre, GIFT City, Gandhinagar, Gujarat. The Board of Directors of the Corporation, vide Resolution by Circulation, on December 26, 2023 approved the same.

LIC's presence in the Gujarat International Finance Tec (GIFT) City-International Financial Services Centre (IFSC) will enable the company to expand its global business. At present, GIFT IFSC is the maiden international financial services centre in India.

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.

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ICICI PrudentialLife	471.25
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