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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Odisha govt halts salaries of 5 teachers after school fire injures 4 students
Bhubaneswar (PTI): The Odisha government on Tuesday halted the salaries of five teachers and issued show-cause notices to other staff of a state-run high school in Rayagada district, a day after four students sustained severe burn injuries in a fire incident on the premises of the institute.
School and Mass Education Minister Nityananda Gond told PTI that he has directed the department secretary to submit a detailed report on the incident and ordered a departmental inquiry to ascertain negligence, if any.
The students suffered burn injuries while playing around a fire during school hours.
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“The department has stopped the salaries of five teachers and issued show-cause notices to other staff members in connection with the incident,” he said.
The minister said that further action would be taken against teachers or staff if negligence in duty was established.
School and Mass Education Secretary N Thirumala Naik said three of the injured students were undergoing treatment at a hospital in Rayagada, while one critically injured student has been shifted to SCB Medical College and Hospital in Cuttack.
The school headmaster had lodged a complaint at Muniguda police station on Monday. Police have recorded statements of the injured students, officials said.
According to preliminary findings, the incident occurred when a classmate of the injured students allegedly threw colour thinner, an inflammable substance, onto a fire that had been lit by the students on the school building’s balcony.
Muniguda police station in-charge inspector Saudamini Behera said the students were playing on the school roof around 2 pm on Monday when they found a bottle of thinner stored there.
They allegedly poured it on the floor and set it on fire using a matchstick. One of the boys later added more thinner, causing the flames to flare up and injure four students, she said.
