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LIC Denies Preferential Treatment By Indian Government, Regulators Post US Trade Rep Report

Summary by NDTV Profit

LIC on Friday issued a clarification denying any preferential treatment by the Indian government or regulators after the United States Trade Representative report's accusations regarding sovereign guarantee to LIC. Currently, the Indian government maintains an explicit sovereign guarantee on every life insurance corporation policy, stated the USTR report. As a result, many customers choose to buy LIC policies over those offered by private insure…

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GAGA INDIA

LIC refutes claims of 'favouritism' by government - GAGA INDIA

Menu Home Equity Trading Account Portfolio (PMS) Unlisted Shares Physical to Demat Other Invest Mutual Fund Global Invest Bond Invest Fixed Deposit Real Estate Other Trading Forex Trading Training Videos Equity Training Upstox Demo Intraday Demo MF Demo Updates Index Prediction India Market News USA Market News Source link The post LIC refutes claims of ‘favouritism’ by government appeared first on GAGA INDIA.

7 days ago

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Thelocalreport.in

LIC rejected USTRS report of the insurer enjoying unfair competitive advantage

New Delhi, April 4 (PTI) Life Insurance Corporation of India (LIC) said on Friday that it has been working in the competitive market for 25 years and has not received any special treatment from the government, as it has rejected the report of the US trade representative. The insurance firm said in a statement, “We ... Read more The post LIC rejected USTRS report of the insurer enjoying unfair competitive advantage appeared first on The Local Rep…

7 days ago

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