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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Power tussle in Cong reached climax, CM change inevitable: Karnataka BJP chief
Kalaburagi (Karnataka), Mar 20 (PTI): Karnataka BJP President B Y Vijayendra on Friday said that "power tussle and internal bickering" within the ruling Congress in the state have "reached the climax and a chief minister change is inevitable".
He also expressed confidence that the BJP will win both Bagalkot and Davangere South Assembly constituencies in the April 9 by-polls, as he claimed that the Congress government in the state is facing "strong anti-incumbency and public frustration".
"Power tussle, internal bickering (in the Congress) have reached the climax stage. If the by-elections were not announced, things would have reached the final stage, probably immediately after the ongoing Assembly session (scheduled to conclude on March 27). Because of the by-elections, it will probably be postponed for fifteen days," Vijayendra said.
Speaking to reporters here, he said, "Looking at the crisis in the Congress government, a change in the Chief Ministership is inevitable."
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"Recently, when I spoke with some ruling party legislators in the Assembly, they expressed confidence that there would certainly be some results and the CM would resign. But they will have to find the answer to who will become the next CM," he added.
"Poor people are upset, farmers are in crisis, and youth are also unhappy and are against this government. So, I strongly feel that because of the severe anti-incumbency and anti-people policies of Siddaramaiah-led Congress government, I'm one hundred per cent confident that people of both the constituencies will bless BJP with a victory," he added.
The BJP has fielded Veerabhadrayya Charantimath from Bagalkot and Srinivas T Dasakariyappa from Davangere South, following the approval of its Central Election Committee. These bypolls are necessitated following the deaths of sitting Congress MLAs H Y Meti and Shamanur Shivashankarappa.
In Bagalkot, Meti (Congress) defeated the BJP's Charantimath by 5,878 votes, and in Davangere South, Shivashankarappa (Congress) defeated the BJP's B G Ajay Kumar by 27,888 votes.
