BANKING & FINANCE
Insurance
LIC Hands Over Record Dividend of ₹12,207.25 Crore to Union Government for FY 2025-26
Life Insurance Corporation of India presented a dividend payment amounting to ₹12,207.25 crore to the Central Government for the financial year 2025-26.
The dividend cheque was formally presented to Union Finance Minister Nirmala Sitharaman by LIC's Chief Executive Officer and Managing Director R. Doraiswamy.
The Central Government retains an overwhelming majority equity stake of approximately 96.5% in the state-run life insurance giant.
High dividend payouts from public sector financial undertakings like LIC bolster non-tax revenue collection for the central exchequer.
The dividend cheque was formally presented to Union Finance Minister Nirmala Sitharaman by LIC's Chief Executive Officer and Managing Director R. Doraiswamy.
The Central Government retains an overwhelming majority equity stake of approximately 96.5% in the state-run life insurance giant.
High dividend payouts from public sector financial undertakings like LIC bolster non-tax revenue collection for the central exchequer.
Key Facts / Static GK
LIC Headquarters: Mumbai, Maharashtra
LIC Founded: 1 September 1956
LIC CEO & MD: R. Doraiswamy
LIC Founded: 1 September 1956
LIC CEO & MD: R. Doraiswamy
Practice Quiz — 30 July 2026
Q1. What is the total combined stake approved by IRDAI for Patanjali Ayurved and DS Group foundations in Magma General Insurance?
Answer: (C) 98.055% — IRDAI approved the acquisition of a 98.055% total stake in Magma General Insurance, comprising 73.56% by Patanjali Ayurved and approximately 24.50% by DS Group-associated foundations.
Q2. What amount was paid by the Life Insurance Corporation of India (LIC) as dividend to the Government of India for Financial Year 2025-26?
Answer: (B) ₹12,207.25 crore — LIC presented a dividend payout of ₹12,207.25 crore to Union Finance Minister Nirmala Sitharaman for the Financial Year 2025-26.
Q3. What is the annual coupon rate offered by State Bank of India on its ₹4,691 crore Additional Tier-1 (AT1) bond issuance for FY 2026-27?
Answer: (C) 7.75% — SBI issued its first AT1 bonds of FY 2026-27 raising ₹4,691 crore at a fixed annual coupon rate of 7.75%.
Q4. Which iconic international landmark recently became the first UAE tourist attraction to accept UPI for online ticketing?
Answer: (C) Burj Khalifa — Burj Khalifa became the first UAE tourist landmark to integrate UPI for online ticket bookings via NIPL, NEOPAY, and Emaar Entertainment.
Q5. Which entity launched India's first employee-controlled 'Flexi Benefits Basket' enabled on UPI?
Answer: (B) OmniCard — OmniCard, operated by Eroute Technologies Private Limited, launched India's first Flexi Benefits Basket on UPI.
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