Life Insurance Corporation (LIC) on Saturday announced an extension of 30 days for payment of premium due in March and April 2020 to mitigate the hardships being faced by policyholders in the wake of COVID-19. For February premiums, where grace period was expiring after March 22, relaxation is allowed up to April 15, LIC said in a statement.
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Listing of insurance behemoth Life Insurance Corporation may be done in the second half of the next financial year, finance secretary Rajiv Kumar said on Sunday. Listing of LIC will bring in greater transparency, public participation and also deepen the equity market, he said. Asked about the quantum of dilution, Kumar said, it could be 10 per cent but no decision has been taken so far.