Exclusive: LIC allocates dividend of Rs 2,698 crore to Govt for 2019-20, sources say
Life Insurance Corporation (LIC) has allocated a dividend of Rs 2,697.74 crore to the government for financial year 2019-20. As on Mar 31, 2019, the central government had received a dividend of Rs 2,660.60 crore from the former.
During the year 2019-20, LIC generated a surplus of Rs 53,954.86 crore, according to the sources. For its policyholders, it has reserved a surplus of Rs 51,257.12 crores. Photo: PTI