LIC of India celebrates 69th anniversary in Hyderabad
Hyderabad: The Life Insurance Corporation of India (LIC) marked its 69th anniversary on Sunday with a flag-hoisting ceremony at the Zonal Office building in Saifabad, Hyderabad. The event was led by Sri Puneet Kumar, Zonal Manager of LIC’s South Central Zone.
Addressing the gathering, Puneet Kumar recalled that LIC was established in 1956 with an initial capital of Rs 5 crore from the Central Government. Today, the Corporation has grown into the world’s largest insurance brand with an asset base of Rs 56.22 lakh crore, as per Brand Finance Insurance 2024.
He highlighted that LIC currently offers 35 insurance products under its individual business, including Endowment, Term Assurance, Pension, Micro Insurance, Children’s plans, and Unit Linked products, catering to diverse needs across society.
Puneet Kumar also spoke about LIC’s focus on social initiatives. He pointed to the success of the Bima Sakhi programme, which empowers women in rural areas by giving them financial independence. So far, 48,882 women agents have been recruited under this initiative.
He further informed that a revival campaign is currently underway, offering up to 30% rebate on interest for the revival of lapsed policies. The campaign will run until October 17, 2025.
On the occasion, he urged employees to focus on three principles – My Country First, My Earth First, and My LIC First. He called upon staff to avoid the use of plastic, contribute towards environmental protection, and support the government’s Make in India initiative.
Puneet Kumar encouraged all LIC employees and agents to rededicate themselves to the Corporation’s motto, Yogakshemam Vahamyaham (your welfare is our responsibility), and continue working with commitment to take LIC to greater heights.
The event was attended by senior officials, including Sri Rajesh Bharadwaj, Sri M Ravi Kumar, Sri Saravana Ramesh, Sri G S Sastry, Sri P G Kumaravaidyalingam, and Sri A A M Hilali.
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KKR defeat LSG via Super Over
Lucknow (PTI): Kolkata Knight Riders edged Lucknow Super Giants via Super Overs in a battle between two bottom-placed teams in the IPL, here on Sunday.
Chasing a modest 156, LSG suffered a batting collapse and managed to tie the contest and take it to Super Over with No. 9 Mohammed Shami striking a last-ball six against a wayward Kartik Tyagi, who leaked 16 runs in the final over.
But Sunil Narine bowled a stunning Super Over conceding just one run and taking two wickets to give KKR an easy target.
Rinku Singh then finished the chase with a boundary off first ball from Prince Yadav.
Earlier the KKR were in deep trouble with 93/7 in 15 overs but Rinku smashed a sensational 83 not out from 51 balls including four sixes in a row in the final over to lift them to 155/7.
Cameron Green (34) was the only other batter to reach double-digit scores as KKR suffered a familiar batting meltdown with Mohsin taking his maiden fifer.
In reply, LSG continued their dismal show with the bat to succumb to their fifth loss in a row.
Brief Scores:
Kolkata Knight Riders 155/7; 20 overs (Rinku Singh 83 not out, Cameron Green 34; Mohsin Khan 5/23). Lucknow Super Giants 155/8; 20 overs (Rishabh Pant 42). KKR won via Super Over.
