Dear Sir / Madam,

Link-K Monthly Bulletin – January 2019

Chairman, LIC of India, presented a cheque of Rs. 2,430.19 crore to Union Finance Minister, Arun Jaitley, as the Government of India’s share of the surplus arising out of the LIC’s actuarial valuation as on March 31, 2018.

IDBI Bank said in a communication that it has allotted shares worth Rs. 14,500 crore to Life Insurance Corporation. The move was part of the ongoing acquisition of a controlling stake in the bank by the insurance company. About 238.8 crore shares at a price of Rs. 60.73 apiece were allotted to LIC through a preferential issue on Friday, according to a regulatory filing by IDBI Bank.

Indians see life insurance as the most handy instrument for planning their major life goals while nearly a third do not have any idea about how much insurance they need, a survey has found. Life Insurance is the top instrument for life goals such as building a house (43 per cent), children’s education (38 per cent), retirement (49 per cent) and legacy creation (50 per cent), the survey by Exide Life Insurance said. When it comes to planning for child’s marriage, they look at fixed deposits in addition to life insurance, they survey revealed.

Happy reading

Thanking you for the opportunity given to serve you,

Yours faithfully

For Link-K Insurance Broker Co. (Pvt.) Ltd

V.P. Mohankumar

Principal Officer and Managing Director