LIC Of India Hands Over Dividend Cheque To Government Of India
FinTech BizNews Service
Mumbai, August 29, 2025: Shri R. Doraiswamy, CEO & MD, LIC of India, today presented the Dividend cheque of Rs7324.34 Crore to Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman, as the Government of India’s share of Dividend, approved by the Shareholders in the Annual General Meeting held on 26th August, 2025.
Mr. Nagaraju M., Secretary, Dept. of Financial Services, Dr. Parshant Kumar Goyal, Joint Secretary, Dept. of Financial Services, Ministry of Finance, Govt. of India were present along with the officials from Life Insurance Corporation of India, Shri Sat Pal Bhanoo, MD, Shri Dinesh Pant, MD, Shri Ratnakar Patnaik, MD and Shri J.P.S. Bajaj, ZM (I/C), Northern Zone.
LIC is completing 69 glorious years since its incorporation and as at 31.03.2025 has an asset base of Rs. 56.23 Lakh Crore. It continues to be the market leader in the Indian Life Insurance market.
