Centre gets ₹7,324 cr dividend from LIC

Public sector insurance major Life Insurance Corporation of India (LIC) on Friday presented a dividend cheque of ₹7,324.34 crore to the Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, as the Government of India’s share of the dividend for the financial year 2024–25.

Listen to this article

The cheque was handed over by R Doraiswamy, CEO and Managing Director of LIC, following the approval of the dividend by shareholders at the Corporation’s Annual General Meeting (AGM) held on August 26, 2025, according to a statement.

The presentation ceremony was attended by key officials from the Ministry of Finance and LIC. Among those present were Nagaraju M., Secretary, Department of Financial Services, and Parshant Kumar Goyal, Joint Secretary, Department of Financial Services, Ministry of Finance. From LIC, senior leadership including Sat Pal Bhanoo, MD, Dinesh Pant, MD, Ratnakar Patnaik, MD, and J.P.S. Bajaj, Zonal Manager (In-Charge), Northern Zone were also present.

Latest

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Newsletter

Don't miss

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform,...

One Millionth TVS iQube Rolled out

Since its launch in 2020, TVS iQube has grown...

Iconic Norton Atlas rolls out at TVS Hosur Factory

The Atlas will be introduced to the India market...

Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

The investment plan includes an additional USD 13 billion investment to expand the company’s AI and cloud infrastructure in the country by 2030. This takes...

EV brand Ampere crosses 4 lakh units

Ampere recorded a 51 per cent year-on-year growth in FY26, with its market share increasing from 3.6 per cent in FY25 to 4.4 per...

JSW Green invests in Lithium Urban

Lithium Urban Technologies is an integrated enterprise mobility platform, delivering end-to-end transportation solutions that combine electric fleets, multi-form-factor mobility, charging infrastructure, intelligent fleet management...