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Lic Global
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Life Insurance Policies from Lic of India, Buy Lic Policy at Licglobal.com
Life Insurance Policies from Lic of India, Buy Lic Policy at Licglobal.com

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BHEL falls 2%; LIC buys 4.6% govt's stake via block deal

Life Insurance Corporation of India (LIC) purchased government's 4.66 percent stake in Bhel
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Lic of India is an out performer: -

While agents of private companies managed to sell only an average of three policies in FY13, the average agent of LIC sold 29 policies. In FY13, the insurance regulatory authority imposed penalties on 12 companies, including two public sector non-life insurers, for various reasons. The penalties ranged from Rs 5 lakh to Rs 1.4 crore. However, LIC did not face any penal action.

Interestingly, although only five private life insurers paid out dividend, the total payout by private life insurers to their shareholders amounted to nearly 80% of LIC's dividend to the government. While LIC paid a dividend of Rs 1,436 crore to the government, private life companies paid out Rs 1,155 crore to their shareholders in FY13.

In the first quarter of FY14 life, insurers have written business of Rs 19,216 crore as against Rs 19,451 crore, recording a 1.2% shrinkage in business. While private insurers registered a 6.87% decline, the state-owned life insurer recorded a growth of 2.92%. LIC, with Rs 14,295 crore of premium from new policies, saw its new business market share rise from 74.29% to 74.39%.
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All Plans from Lic of India are Closing very soon. Please make sure you apply for your LIC policy before the deadline and earn hefty bonuses.

Those who have already applied please invite your friends so that they can all also reap the benefits... For more information please call me on:-

+91.9820934872



Regards
Manish Shah
www.licglobal.com
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All Lic Plans are Closing so Hurry up before its too late...
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LIC's Traditional Plans Closing Shortly by 31st DECEMBER 2013
Since last 3 to 4 months, we came to know that IRDA says LIC to take service tax on all LIC plans. previously LIC itself was paying the service tax but now policy holder will pay service tax. This will increase the premium of LIC plans. But whoever have taken the plan and will take the LIC plans before 31 December will pay the less premium.
LIC of India has decided they will close almost 47 plans and bring new one with included service tax.

Visit us on www.licglobal.com
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