Lic India Dividend: Life Insurance Corporation of India (LIC) gave a dividend check of 7,324.34 crore to the Government of India for the business year 2024-25 on Friday (August 29). LIC CEO and Managing Director R Dorawami handed over the check to Union Finance Minister and Corporate Affairs Minister Nirmala Sitharaman. It was approved to the shareholders of the company during the annual general meeting of LIC on 26 August.

SMT @NSITHARAMAN Receives a dividend check of Rs 7,324.34 Crore for fy 2024-25 from Shri R Doraiswamy, MD & CEO – @Licindiaforever, pic.twitter.com/vtanobizrf

– Nirmala Sitharaman Office (@NSITHARAMANFC) August 29, 2025

All these were present on the spot

Senior officials of the Ministry of Finance were present on the occasion including Nagaraju M. and Joint Secretary Prashant Kumar Goel, Secretary, Financial Services Department. At the same time, on behalf of LIC, Managing Director Satpal Bhanu, Dinesh Pant, Ratnakar Patnaik and Northern Zone Zonal Manager (Interested) J.P.S. Bajaj was present.

Government’s big stake in LIC

Please tell that the government’s stake in LIC is 96 percent. The government has 6,103,622,781 (610 crore) shares with the government. LIC has announced a dividend to its investors at the rate of Rs 12 per share and in this way the government has been given their share of Rs 7324 crore. LIC is going to do its 69 years soon. The insurance company said that by March 31, 2025, its assets base is Rs 56.23 lakh crore. During this time it was also told that it is currently the largest insurance company in India.

LIC shares

On Friday, LIC shares closed at Rs 853.65. In the last one week, its shares have declined by 4.85 percent. At the same time, in the last one month it has given negative returns of 4.34 percent. This year, LIC shares have slipped up to 4.47 percent. Whereas in the last year, it has fallen by 21.42 percent. However, amidst all this, LIC shares have also given a return of 25.53 percent in the last three years.

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