Life Insurance Corporation of India (LIC) on Friday said it has paid a dividend cheque of Rs 7,324.34 crore to Finance Minister Nirmala Sitharaman for the 2024-25 financial year.
V Ganesh Prabhu
V. Ganesh Prabhu, BCom, born on JANUARY 1, 1972, joined LIC as an agent in June 1991 at CBO 3 Calicut. He was promoted to Development Officer in 1997. Notably, he secured the All India First rank with a gold medal in the CIS Diploma exam conducted by the Insurance Institute of India in 1992.
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A proposal has been made to exempt premiums for life and health insurance from Goods and Services Tax (GST), a move that could bring down costs and boost insurance penetration.
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