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LIC dhan vriddhi policy in hindi | LIC New Plan | New Insurance Policy in Hindi #lic #insurance

LIC dhan vriddhi policy in hindi | LIC New Plan | New Insurance Policy in Hindi #lic #insurance 😊



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LIC Dhan Vriddhi Policy | LIC Dhan Vriddhi Plan 869 in Hindi

In this comprehensive video, we dive into the details of the LIC Dhan Vriddhi Policy, also known as LIC Dhan Vriddhi Plan 869. If you’re looking for a secure and reliable investment option in Hindi, this video is tailored just for you!

The LIC Dhan Vriddhi Policy is a popular investment plan offered by the Life Insurance Corporation of India (LIC). Designed to provide long-term financial growth and stability, this plan offers a host of benefits to policyholders.

In this video, we’ll explain the features, benefits, and eligibility criteria of the LIC Dhan Vriddhi Policy. We’ll cover important aspects such as the maturity benefits, death benefits, policy term, premium payment options, and more. Whether you’re a new investor or someone looking to diversify their portfolio, this video will provide valuable insights to help you make an informed decision.

Additionally, we understand the importance of language preference, which is why this video is presented in Hindi. We aim to ensure that viewers can easily understand and grasp the key concepts of the LIC Dhan Vriddhi Plan 869.

To stay updated on the latest finance-related news, investment tips, and valuable insights, make sure to subscribe to Golden Bizz @GoldenBizz YouTube channel. Join our community of finance enthusiasts and empower yourself with the knowledge to make sound financial decisions.

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Delhi News

Commission asks LIC, others to pay Rs 4.22 lakh to Panchkula local for not giving full claim


The District Consumer Disputes Redressal Commission of Chandigarh has directed LIC and an insurance company to pay Rs 4.22 lakh to a Panchkula resident, for not paying full medical claim of his daughter, who underwent stem cell transplantation procedure.

Pal Singh of Panchkula stated in his complaint that he and his family members were duly covered by Medical Claim Policy taken by the LIC of India from New India Assurance Company Limited for the year 2019-2020 having a coverage of Rs 30 lakh.

It was told that during the coverage period of the said policy, the daughter of the complainant namely Rajni Devi was detected with lung cancer.

She took treatment at different hospitals, medical institutes i.e. General Hospital, Sector 6, Panchkula, Fortis Hospital, Mohali, Denvax Cancer Cetre, Delhi etc. for the same and unfortunately died on January 18, 2020.

It is stated that the medical expenditure incurred by complainant on the cancer treatment of her insured daughter was settled by the insurance company only to the tune of Rs 57,772 and denied the balance amount of Rs 3,96,932 on the ground that she had undergone stem cell transplantation procedure, which is not payable under the policy.

The LIC of India in reply submitted that this particular treatment has not been covered under the policy in question and hence the claim for balance amount was repudiated which was valid and was as per policy terms and conditions.
The New India Assurance Company Limited in reply submitted the claim was filed for treatment taken for metastatic carcinoma of lungs during policy period and the complainant was informed that the remaining claim fell outside the scope & ambit of policy as Dendritic Cell Therapy being stem cell therapy was excluded in respect of cancer and there were sub-limit for different stem cells transplantation provided in the policy.

It is submitted that as per terms and conditions of the policy, the stem cell therapy was excluded from the reimbursement except in certain type of cancer which is bone marrow, blood cancer, myeloma etc.

MD India Health Insurance TPA Private Limited did not turn up despite service of notice sent through regd. post, hence it was proceeded exparte vide order November 17, 2021.

The Commission after hearing the matter held that any clause in the policy either exclusion or otherwise, cannot be read or introduced to the disadvantage of the policy holder and the insurance companies as in the present case cannot deny the claim on technical ground.

Finding that the LIC of India and the insurance companies have wrongly and illegally rejected the genuine claim of the complainant, the Commission directed them to pay balance claim amount to the complainant which is Rs 3,82,469 (Rs.4,40,241- Rs.57,772), the medical expenses incurred by him on the treatment of his insured daughter, along with interest at 10 percent per annum from the date of filing the present complaint which is December 15, 2020 till its realization, along with Rs 25,000 as compensation and Rs 15000 as cost of litigation.





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India’s largest insurer LIC plans changes to revive battered stock


Life Insurance Corp of India (LIC) is planning to transfer nearly $22 billion from policy holders’ funds into a fund earmarked to pay dividends or issue bonus shares, two sources said on Friday, as the country’s largest insurer aims to shore up both its own net worth and investor confidence.

The state-owned insurer listed on Indian stock exchanges in May, but its stock has since dropped by more than 35%, wiping off nearly 2.23 trillion Indian rupees in investor wealth.

LIC is now looking to looking at steps to revive its share price, said a government official, who did not want to be named.

The company plans to transfer 1.8 trillion Indian rupees ($21.83 billion), a sixth of the 11.57 trillion rupees lying in its non-participating fund, to its shareholders’ fund, according to an official aware of the matter.

Life insurance companies primarily sell two types of products: the first are ‘participating policies’ where profits are shared with customers and second are ‘non-participating,’ or ‘non-par,’ policies that have fixed returns. LIC parks the premium it collects from the latter in a non-participating fund.

Transferring some of that into the shareholders’ fund is one way to shore up investor confidence as it would be an indicator of higher dividend payouts in the future, both the officials said.

The surplus in the non-participating fund is earmarked for shareholders and can be transferred to shareholders fund with approval from LIC’s board, which is yet to be sought, they said.

The transfer, if concluded, would boost LIC’s net worth by about 18 times from its current value of about 105 billion rupees and top the net worth chart among insurers, including SBI Life and HDFC Life, both the officials said.

LIC and finance ministry did not immediately respond to emails from Reuters seeking comment.

A bigger shareholder fund would draw the attention of new and existing investor as the amount would be used by LIC to transfer dividend or issue bonus shares in future, said Harvinder Singh, a partner at law firm DSK Legal.

LIC shares were priced at 949 a piece during listing but are currently trading below 600 rupees.

Seven of nine brokerages covering the stock have ‘buy’ or ‘strong buy’ rating, with the median price target of 840 rupees, according to Refinitiv data.

“The move would increase the book value per share and may help in improving the sentiment around LIC’s shares, but could keep the upside limited,” said Ankur Wahal, senior vice president at BOB Capital Markets. ($1 = 82.4450 Indian rupees)





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Govt nudges LIC to tweak product strategy for better investor return


The government is nudging LIC to tweak its product strategy to maximise profitability in a bid to help the country’s largest insurer realise its full growth potential and yield better returns for investors, an official said.

Life Insurance Corporation (LIC) has been trading below the issue price of Rs 949 a share ever since it got listed on stock exchanges on May 17. It listed at Rs 872 apiece on NSE.

On Tuesday, the scrip settled at Rs 595.50, down 0.72 per cent over the previous close.

Foreign brokerages, however, remain bullish on LIC setting a higher target price over the next year as they feel that the insurer has good medium-term market potential, negligible high risk assets and robust core operating Return on Embedded Value (ROEV).

Citi in a research report dated October 14 set a target price of Rs 1,000 for LIC scrip, saying LIC is ‘positioned better than mature global players’.

The finance ministry in its performance review has been sensitising the LIC management about the steps that could be taken to better investor wealth and focus on non-participating products or term plans to improve profitability.

“With the listing of LIC, the process of modernisation of the over 65-year-old institution has started. We are working with the management so that they modernise their product offering and lower dividend payout to policyholders,” the official told PTI.

In non-participating insurance products, insurers do not need to share their profit in form of dividend with policyholders, whereas in case of participating or par products, the insurer shares dividend with policyholders.

“The younger generation is more inclined to term plan. LIC will have to rework their strategy and decide what should be done so that their asset under management is utilised to its full potential,” the official added.

LIC’s standalone first-quarter net profit surged to Rs 682.88 crore from Rs 2.94 crore in the year-ago period.

LIC reported an embedded value (EV) of Rs 5,41,492 crore as of March 2022, as compared to Rs 95,605 crore in March 2021 and Rs 5,39,686 crore in September 2021.

Its initial public offering (IPO) came in a price band of Rs 902-949 a share. The issue fetched about Rs 21,000 crore to the exchequer.





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LIC market share rises to 68.24%


Life Insurance Corporation (LIC), which was under pressure from private players, turned the tables on them with its market share in new business premium jumping to 68.24 per cent during the six-month period ended September 2022 as against 64.48 per cent in September 2021 and 63.24 percent in March 2022.

Giving the private players a run for their money, new business premium of public sector LIC, India’s largest insurance company with assets of Rs 41 lakh crore, jumped by 45.99 per cent to Rs 124,191 crore during the six-month period ended September 2022 as against Rs 85,112.59 crore in the same period last year.

On the other hand, the market share of private players fell to 31.75 per cent as of September 2022 from 35.51 per cent a year ago. LIC’s growth outpaced the total life segment’s growth which came at 37.88 per cent. Total premium underwritten by the entire life segments rose to Rs 181,977 crore as against Rs 131,981 crore in the six- month period ended September 2021.

The new business premium of private players showed a lower growth than LIC at Rs 57,785.88 crore as against Rs 46,869 crore last year, a rise of 23.29 per cent. SBI Life registered a 27.22 per cent rise in premium underwritten at Rs 13,087 crore as against Rs.10,287 crore a year ago. HDFC Life showed a growth of 5.73 per cent at Rs 11,039 crore during the six-month period ended September 2022.

LIC’s group single premium income shot up by 56.91 percent to Rs 96,878 crore from Rs. 61,741 crore, according to figures released by the Life Insurance Council. “The insurance industry today has bounced back from the issues which arose during the lockdown period. People realized the importance of managing their risks while investing their savings in appropriate insurance schemes. The boom witnessed is due to a majority of factors… we need to make sure to curate and conceptualize newer concepts and ideas to realize this dream of a fully insured India,” LIC Chairman MR Kumar said at the NIA summit on Monday.

Shares of LIC which were offered at Rs 949 per share in the IPO, have now come down to Rs 619.65 on the stock exchanges. While LIC market capitalisation is now Rs 391,928 crore, SBI Life has a market valuation of Rs 120,646 crore.





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LIC ropes in Milliman Advisors to derive September embedded value



The Life Insurance Corporation of India (LIC) has roped in Milliman Advisors to derive its embedded value (EV) as on September 2022. Milliman had ascertained the embedded value for the insurer before its initial public offering (IPO).


Embedded value is a key metric that indicates an insurance company’s performance, and is the sum of adjusted net worth and value of in-force business or estimated future profits. In July, LIC had announced it would disclose its embedded value twice a year against the industry practice of releasing it once a year.


As the government and LIC had decided to declare the insurer’s Milliman Advisors in March 2022 in its effort to improve transparency in reporting by the organisation, Milliman was also asked to compute the key metric as of March 2022. Now, the reporting actuary would ascertain the EV of India’s largest insurer for September 2022 as well, an official told Business Standard.


Milliman Advisors was appointed as the reporting actuary for LIC in December 2020 to compute the embedded value prior to its listing as the exercise was never undertaken by the insurer after it segragated its Life Fund into participating policyholders fund and non-participating policyholders fund. Participating policyholders share profits of the participating fund of the insurer, while non-participating policies’ profits and dividends are not shared with policyholders.


LIC had disclosed its embedded value for the first time in its draft red herring prospectus (DRHP) that witnessed an increase from Rs 95,605 crore in March 2021 to Rs 5.39 trillion in September 2021 after segregation of its fund into participating and non-participating funds. This increased further to Rs 5.41 trillion as of March 2022 backed by growth in value of new business (VNB).


In its computation for March 2022, Milliman Advisors had said a 10 per cent drop in equities would lower the embedded value of LIC by 6.5 per cent. Besides drop in equities, the embedded value is sensitive to the taxation rate. It could drop 24.3 per cent if the taxation rate is assumed to be increased to 34.9 per cent, the reporting actuary had noted.


The LIC management, during its analyst call post the declaration of March embedded value, had said its aim was to create higher value of VNB in the interest of the shareholders, “but not coming in the cost of the policyholder, because the entire business has to grow, only one element cannot be the criteria.”



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LIC ke valuation me girawat | LIC Share news in hindi#shorts #ytshorts



LIC ke valuation me girawat | LIC Share news in hindi#shorts #ytshorts

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LIC IPO apply or avoid | Details of LIC IPO | LIC IPO Review in hindi | #licipo #licipolatestnews



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LIC IPO Subscribed 81% So Far On Day 2: 10 Points


The government plans to raise Rs 21,000 crore by diluting a 3.5 per cent stake in LIC.

New Delhi:
Life Insurance Corporation of India’s (LIC’s) Rs 21,000 crore IPO, India’s largest public issue, was subscribed 81 per cent on the second day of bidding so far on Thursday. The initial share sale, which will remain open for an extra day on Saturday (May 7), will close on May 9. LIC shares will be listed at the stock exchanges on May 17.

Here’s Your 10-Point Cheat-Sheet To This Big Story:

  1. As of 12:18 pm, investors bid for 13.17 crore shares, compared with the total 16.20 crore shares on offer, with the portions reserved for employees and policyholders already fully subscribed, exchange data showed.

  2. The portion set aside for policyholders was subscribed 2.47 times, employees by 1.63 times, retail investors by 0.75 times, non-institutional investors by 0.32 times and qualified institutional buyers by 0.34 times.

  3. The price range for the issue has been set between Rs 902 and Rs 949 per share.

  4. The subscription is offering a discount to employees and retail investors of Rs 45 per share. LIC policyholders will be offered a discount of Rs 60 per share.

  5. The government plans to raise Rs 21,000 crore by diluting a 3.5 per cent stake in LIC.

  6. For an IPO, the valuation would be the highest ever in the Indian market. Before this, the highest fundraise was seen in Paytm IPO last year at Rs 18,300 crore and Coal India in 2010 at Rs 15,200 crore.

  7. The country’s largest insurer reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing market condition.

  8. LIC has been informing about the IPO for several months through various channels, including print and TV advertisements. It has also approached its policyholders through SMS and other medium to inform them about the share sale.

  9. The insurer had garnered around Rs 5,627 crore from anchor investors ahead of the IPO.

  10. LIC was formed by merging and nationalising 245 private life insurance companies on September 1, 1956, with an initial capital of Rs 5 crore.



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LIC IPO: Day 1, 67% booked, employees and policyholders oversubscribe quota


The mega initial public offering (IPO) of Life Insurance Corporation (LIC) received a strong response from investors with 67 per cent of the shares getting sold out on Wednesday, the first day of bidding, despite the stock market plunging 2.29 per cent after the Reserve Bank of India hiked interest rates.

LIC policyholders led the subscription list, with their quota subscribed 1.99 times (199 per cent). The portion for employees was subscribed 117 per cent. The retail investors portion, meanwhile, was subscribed 60 per cent, according to stock exchange data.

While 2.21 crore shares were allotted for policyholders, there were bids for 4.40 crore shares. Employees bid for 18.53 lakh shares against their quota of 15.81 lakh shares.

The first day’s response from investors for the IPO has been strong despite the RBI’s rate hike which came after the market opened. The 1,307-point Sensex fall did not affect the IPO much, analysts said.

Non-institutional investors subscribed 27 per cent of their portion while qualified institutional buyers (QIBs) bought 33 per cent of their allotted quota of 3.95 crore shares. QIBs normally put in their bids on the last day of the IPO, investment bankers said.

Overall, there were bids for 10.86 crore shares as against the total IPO size of 16.20 crore shares on the first day, exchanges said. The issue will close on May 9.

The corporation has priced the IPO in the range of Rs 902-949 per share. It has offered a discount of Rs 60 for policyholders and Rs 45 for retail investors and employees. The size of the IPO was cut from Rs 65,000 crore to Rs 21,000 crore as the Russian invasion of Ukraine and sustained selling by foreign investors sent the stock markets into a tailspin.

Domestic mutual funds invested Rs 4,002.27 crore, accounting for 71.12 per cent of the total anchor book portion of the IPO. SBI Mutual Fund invested Rs 1,006.89 crore, becoming the largest investor in the anchor book quota.

LIC mobilised Rs 5,627 crore from anchor investors on Monday. Four equity schemes of SBI MF invested the amount, with SBI Equity Hybrid Fund alone putting in Rs 518.99 crore, according to data available with exchanges.

Seven schemes of ICICI Prudential Mutual Fund invested Rs 725 crore in the LIC IPO. HDFC Mutual Fund was allocated shares worth Rs 525 crore. Aditya Birla Sun Life MF, Axis Mutual Fund, Kotak MF, L&T MF and Nippon India MF, among others, also invested in the anchor portion.

Among foreign funds, BNP Investments LLC was allocated shares worth Rs 449.99 crore. Govt Pension Fund Global of Norway invested Rs 224.99 crore. The government of Singapore invested Rs 151.67 crore and the Monetary Authority of Singapore put in Rs 38.32 crore.





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