Examples of Life insurance corporation in a sentence
The employee’s gratuity fund is managed by a trust (Life insurance corporation of India) is a defined benefit plan.
Defined benefit plansGratuity is a defined benefit scheme which is funded through policy taken from Life insurance corporation of India and Liability (net of fair value of investment in LIC) is provided for on the basis of an actuarial valuation on projected unit credit method made at the end of each financial year.
Trustees administer contributions made to the Trusts and contributions are invested in the scheme with Life insurance corporation of India as permitted by Indian Law.The Company recognizes the net obligation of a defined benefit plan in its balance sheet as an asset or liability.
The Company has no defaults in repayment of loans or borrowings to any financial institution or a bank and any dues payable to debenture holders as at balance sheet date, though during the year, there were certain delays noted in the case of Yes Bank Limited, Life insurance corporation of India and certain debenture holders amounting to ` 176.39 crore, ` 121.43 crore and ` 169.82 crore respectively, ranging from 4 to 26 days which were paid within the same month in which they were due.
Life insurance corporation of India , on retirement or termina- tion of employment based on the last drawn salary and years of employment with the company.
For example, Reserve e Bank of India State Bank of India industrial finance corporation Life insurance corporation unit trust of India and state trading corporation are some statutory companies.
Trustees administer contributions made to the Trusts and contributions are invested in the scheme with Life insurance corporation of India as permitted by Indian Law.
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I hereby declare that I am in good health and free from any disease, that I have not had any serious illness or major operation during the last five years and that no proposal of insurance on my life to the Life insurance corporation of India has ever been adversely treated.
After that ICICI prudential Life insurance corporation started its operation.