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LIC to infuse Rs 14 crore in Life Insurance Corporation (Lanka)
Apr-26-2024

Life Insurance Corporation of India (LIC) has received an approval for Infusion of equity capital of LKR 500 million (approximately Rs 14 crore, based on the exchange rates prevailing currently) in the form of Equity Capital at nominal value of LKR 10 per share in Life Insurance Corporation (Lanka) subject to approval from Insurance Regulatory and Development Authority of India (IRDAI) and Central Bank of Sri Lanka.

The Board of Directors of the Corporation in its meeting held on April 25, 2024, has considered and approved the same. 

Life Insurance Corporation of India, popularly known as LIC is Indian state-owned insurance group and Investment Company.


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