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INSURANCE CORPORATION OF INDIA543526LICINOTLISTED2024-04-012025-03-31First half yearly2024-04-012024-09-30CrorestruetrueNANAfalsetrue2022-10-19https://licindia.in/en/web/guest/policies-and-code-of-conductL I C of IndiaIDBI Bank LtdAssociateAny other transactionPaid by LIC towards Issue of Shagun Gift Cards200000000Approved9140000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionElectricity Admin expenses20000000Approved210000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionRent received30000000Approved810000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionBancassurance Commission paid3000000000Approved31080000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionRenewal Premium Collection charges1200000Approved30000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionClaims and bank charges paid Pension and group schemes2000000000Approved2720000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionPremium received Pension and Group schemes7000000000Approved18270000000L I C of IndiaIDBI Bank LtdAssociateAny other transactionBank charges500000000Approved4170000000L I C of IndiaIDBI Trusteeship Services LtdAssociateAny other transactionRent received40000000Approved900000000L I C of IndiaIDBI Trusteeship Services LtdAssociateAny other transactionClaims paid Pension and group schemes0Not required20000000Approval not requiredL I C of IndiaIDBI Trusteeship Services LtdAssociateAny other transactionReimbursement payment towards Admin expenses2000000Approved30000000L I C of IndiaLIC Housing Finance LtdAssociateAny other transactionInvestment Income Dividend and interest0Not required81680000000Approval not requiredL I C of IndiaLIC Housing Finance LtdAssociateAny other transactionReimbursement payment towards Admin expenses50000000Approved1660000000L I C of IndiaLIC Housing Finance LtdAssociateAny other transactionReimbursement towards electricity expenses30000000Approved380000000L I C of IndiaLIC Housing Finance 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Management LtdAssociateAny other transactionReimburesement towards Admin expenses2400000Approved60000000L I C of IndiaLIC Mutual Fund Asset Management LtdAssociateAny other transactionClaims paid Pension and group schemes0Not required1180000000Approval not requiredL I C of IndiaLIC HFL Asset Management Company LtdAssociateAny other transactionProfit Distribution of LICHFL Housing and Infrastructure Fund0Not required1580000000Approval not requiredL I C of IndiaLIC HFL Asset Management Company LtdAssociateAny other transactionPremium received Pension and Group schemes50000000Approved30000000L I C of IndiaLIC HFL Asset Management Company LtdAssociateAny other transactionReimbursement towards Admin expenses2400000Approved60000000L I C of IndiaLIC Cards Services LtdWholly Owned SubsidiaryAny other transactionReimbursement towards Admin expenses0Not required5770000000Approval not requiredL I C of IndiaLIC Cards Services LtdWholly Owned SubsidiaryAny other transactionReimbursement towards electricity and water charges0Not required20000000Approval not requiredLIC Cards Services LtdLIC Housing Finance LtdAssociate of LIC of IndiaAny other transactionInterest income on public deposit with LIC HFL0Not required800000000Approval not requiredLIC Cards Services LtdIDBI Bank LtdAssociate of LIC of IndiaAny other transactionInterest income on public deposit with IDBI Bank0Not required90000000Approval not requiredLIC Cards Services LtdIDBI Bank LtdAssociate of LIC of IndiaAny other transactionInterest income received from IDBI Bank in respect of credit cards0Not required80000000Approval not requiredLIC Cards Services LtdIDBI Bank LtdAssociate of LIC of IndiaAny other transactionIncome received from IDBI Bank in respect of Shagun cards0Not required160000000Approval not requiredL I C of IndiaLIC Cards Services LtdWholly Owned SubsidiaryAny other transactionMeal Card Expenses paid to Pluxee India Pvt. Ltd. referred as Pluxee of Rs. 222.03 lacs Gross Amount As per Tripartie agreement entered between Pluxee LIC Cards Limited referred as LIC Card and LICI commission of Rs 0.88 crores at the rate of 0.40 per cent of Gross amount was paid to LIC Cards for co branding of meal cards0Not required880000000Approval not requiredL I C of IndiaLIC Cards Services LtdWholly Owned SubsidiaryAny other transactionRent0Not required530000000Approval not requiredL I C of IndiaLIC Pension Fund LtdWholly Owned SubsidiaryAny other transactionReimbursement towards Admin expenses0Not required1320000000Approval not requiredLIC Pension Fund LtdLIC Housing Finance LtdAssociateAny other transactionInterest received on Public Deposits from LIC HFL0Not required180000000Approval not requiredLIC Pension Fund LtdLIC Housing Finance LtdAssociateAny other transactionRedemption of Public Deposit with LIC HFL0Not required1500000000Approval not requiredL I C of IndiaLIC Pension Fund LtdWholly Owned SubsidiaryAny other transactionRent received0Not required420000000Approval not requiredL I C of IndiaLIC Lanka LtdSubsidiaryAny other transactionCapital Infusion140400000Approved140400000318100000458500000L I C of IndiaLIC HFL Asset Management Company Ltd.AssociateAny other transactionSale of Units of LIC HFL Asset Management Ltd Housing and Infrastructure Fund465300000Approved947000005027100000040800400000L I C of IndiaLIC HFL Asset Management Company LtdAssociateAny other transactionProfit Distribution0Not required1580000000Approval not requiredL I C of IndiaAnjuly Chib DuggalDirectorAny other transactionSitting Fees0Not required80000000Approval not requiredL I C of IndiaMahalingam GDirectorAny other transactionSitting Fees0Not required140000000Approval not requiredL I C of IndiaRaj KamalDirectorAny other transactionSitting Fees0Not required110000000Approval not requiredL I C of IndiaDr Ranjan SharmaDirectorAny other transactionSitting Fees0Not required130000000Approval not requiredL I C of IndiaVinod Kumar VermaDirectorAny other transactionSitting Fees0Not required70000000Approval not requiredL I C of IndiaProf Anil KumarDirectorAny other transactionSitting Fees0Not required100000000Approval not requiredL I C of IndiaDr V S ParthasarathyDirectorAny other transactionSitting Fees0Not required110000000Approval not requiredL I C of IndiaMuthu Raju Paravasa Raju Vijay KumarDirectorAny other transactionSitting Fees0Not required160000000Approval not requiredL I C of IndiaSanjeev NautiyalDirectorAny other transactionSitting Fees0Not required30000000Approval not requiredL I C of IndiaDr V S ParthasarathyDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 275894.000Not required30000000Approval not requiredL I C of IndiaMuthu Raju Paravasa Raju Vijay KumarDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 97934.000Not required10000000Approval not requiredL I C of IndiaDr Ranjan SharmaDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 134400.000Not required10000000Approval not requiredL I C of IndiaProf Anil KumarDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 120120.000Not required10000000Approval not requiredL I C of IndiaMahalingam GDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 16061.000Not required000Approval not requiredL I C of IndiaMahalingam GDirectorAny other transactionClaim Paid - own life and family members0Not required000Approval not requiredL I C of IndiaDr Maruthi Prasad TangiralaDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 54810.000Not required10000000Approval not requiredL I C of IndiaSudhakar RavindranathKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 59872.000Not required10000000Approval not requiredL I C of IndiaSudhakar RavindranathKey Managerial PersonnelAny other transactionClaim Paid own life and family members0Not required000Approval not requiredL I C of IndiaRatnakar PatnaikKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 105702.000Not required10000000Approval not requiredL I C of IndiaPandiyan KumaresanKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 39825.000Not required000Approval not requiredL I C of IndiaSunil AgrawalKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 3002.000Not required000Approval not requiredL I C of IndiaKrishna Kumar Sukumaran NairKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 19524.000Not required000Approval not requiredL I C of IndiaAnshul Kumar SinghKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 9455.000Not required000Approval not requiredL I C of IndiaS Sunder KrishnanKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 119321.000Not required10000000Approval not requiredL I C of IndiaBella PaulKey Managerial PersonnelAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 81630.000Not required10000000Approval not requiredL I C of IndiaSiddhartha MohantyDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs. 9754.000Not required000Approval not requiredL I C of IndiaTablesh PandeyDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 2106.000Not required000Approval not requiredL I C of IndiaJagannath MDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 676644.000Not required70000000Approval not requiredL I C of IndiaSat Pal BhanooDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 15936.000Not required000Approval not requiredL I C of IndiaDoraiswamy RamchandranDirectorAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 521104.000Not required50000000Approval not requiredL I C of IndiaAvinash AbhyankarKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 25471.000Not required000Approval not requiredL I C of IndiaRatnakar PatnaikKey Managerial PersonnelAny other transactionClaim Paid own life and family members0Not required30000000Approval not requiredL I C of IndiaKrishna Kumar Sukumaran NairKey Managerial PersonnelAny other transactionClaim Paid own life and family members0Not required20000000Approval not requiredL I C of IndiaSudhakar RavindranathKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required440000000Approval not requiredL I C of IndiaSiddhartha MohantyDirectorAny other transactionManagerial Remuneration0Not required620000000Approval not requiredL I C of IndiaJagannath MDirectorAny other transactionClaim Paid own life and family members0Not required10000000Approval not requiredL I C of IndiaJagannath MDirectorAny other transactionManagerial Remuneration0Not required640000000Approval not requiredL I C of IndiaTablesh PandeyDirectorAny other transactionManagerial Remuneration0Not required650000000Approval not requiredL I C of IndiaSat Pal BhanooDirectorAny other transactionClaim Paid own life and family members0Not required10000000Approval not requiredL I C of IndiaSat Pal BhanooDirectorAny other transactionManagerial Remuneration0Not required570000000Approval not requiredL I C of IndiaDoraiswamy RamchandranDirectorAny other transactionManagerial Remuneration0Not required530000000Approval not requiredL I C of IndiaRatnakar PatnaikKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required420000000Approval not requiredL I C of IndiaPandiyan KumaresanKey Managerial PersonnelAny other transactionClaim Paid own life and family members0Not required000Approval not requiredL I C of IndiaPandiyan KumaresanKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required600000000Approval not requiredL I C of IndiaSunil AgrawalKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required630000000Approval not requiredL I C of IndiaKrishna Kumar Sukumaran NairKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required410000000Approval not requiredL I C of IndiaAnshul Kumar SinghKey Managerial PersonnelAny other transactionRemuneration paid to relative of KMP who is an employee of the Corporation0Not required60000000Approval not requiredL I C of IndiaAnshul Kumar SinghKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required190000000Approval not requiredL I C of IndiaS Sunder KrishnanKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required440000000Approval not requiredL I C of IndiaBella PaulKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required390000000Approval not requiredL I C of IndiaDinesh PantKey Managerial PersonnelAny other transactionManagerial Remuneration0Not required850000000Approval not requiredL I C of IndiaLIC Nepal LtdSubsidiaryAny other transactionSitting Fees100000Approved10000000L I C of IndiaLIC Nepal LtdSubsidiaryAny other transactionTechnical Fees1000000Approved100000000L I C of IndiaLIC Nepal LtdSubsidiaryAny other transactionSalary Deductions2200000Approved220000000L I C of IndiaLIC INTERNATIONAL BSC cSubsidiaryAny other transactionSalary Deductions12100000Approved1210000000L I C of IndiaLIC INTERNATIONAL BSC cSubsidiaryAny other transactionTechnical Fees2000000Approved200000000L I C of IndiaLIC SINGAPORE PTE LTDWholly Owned SubsidiaryAny other transactionSalary Deductions2200000Approved220000000L I C of IndiaLIC LANKA LTDSubsidiaryAny other transactionSalary Deductions1500000Approved150000000L I C of IndiaLIC OF BANGLADESH LTDSubsidiaryAny other transactionSalary Deductions3300000Approved330000000L I C of IndiaDEBASHIS PRASAD PATTANAIKKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 9766.000Not required000Approval not requiredL I C of IndiaDEBASHIS PRASAD PATTANAIKKMP of SubsidiaryAny other transactionClaim Loan transactions0Not required30000000Approval not requiredL I C of IndiaMadhukar PalliKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 13280.000Not required000Approval not requiredL I C of IndiaVenkata Bala Sudhakar BachimanchiKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 67193.740Not required10000000Approval not requiredL I C of IndiaKamalesh Kumar KamalKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 18114.000Not required000Approval not requiredL I C of IndiaAshutosh MishraKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 4760.000Not required000Approval not requiredL I C of IndiaAshutosh MishraKMP of SubsidiaryAny other transactionClaim Loan transactions0Not required80000000Approval not requiredL I C of IndiaR RajnikanthKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 82402.000Not required10000000Approval not requiredL I C of IndiaRaghupal SinghKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members0Not required000Approval not requiredL I C of IndiaAlok Kumar SainiKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 103824.000Not required10000000Approval not requiredL I C of IndiaAlok Kumar SainiKMP of SubsidiaryAny other transactionClaim Loan transactions0Not required140000000Approval not requiredL I C of IndiaPranay KumarKMP of SubsidiaryAny other transactionPremium payments to LIC Own life and family members absolute amount Rs 29096.000Not required000Approval not requiredL I C of IndiaNational Insurance AcademySignificant InfluenceAny other transactionPremium received Pension and Group schemes150000000Approved1100000000L I C of IndiaNational Insurance AcademySignificant InfluenceAny other transactionTraining Fees160000000Approved6150000000L I C of IndiaInsurance Institute of IndiaSignificant InfluenceAny other transactionTraining Fees20000000Approved50000000L I C of IndiaInsurance Institute of IndiaSignificant InfluenceAny other transactionPremium received Pension and Group schemes150000000Approved1460000000L I C of IndiaLIC Mutual Fund Asset Management LtdAssociateAny other transactionTraining Fees received20000000Approved10000000209197400000