He has worked in the capacity of Regional Manager (Marketing), Hyderabad and Regional Manager (Bancassurance) Hyderabad.
The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS), as per an official statement.
LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.
The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.
The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020
The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years
Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd
LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.
"The improvement witnessed in August-October 2020, after the unlocking, fizzled out in November 2020 as the industry reported APE degrowth of 44.4 per cent YoY," it said.
The government plans to sell minority stake in the insurance behemoth and list it on the bourses
24 life insurers underwrote a total fresh premium of Rs.22,776.03 crore up from Rs 17,271.86 crore earned during Oct, 2019
Share of private players on the APE basis weakened the sequential improvement, with the LIC bouncing back big time with 46.8% share (49.2% in July) against the peak of 60.2% in February
The overall sum assured also declined 12.9 per cent to Rs 8.8 lakh crore in the June 2020 quarter, compared with Rs 10 lakh crore in the corresponding period of the previous year.
In the optimistic scenario, which envisages a faster pick-up post the lockdown period, the GDP is forecast to register a growth of 1.5 per cent in the best case.