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Covid-19 Information to Policyholders

Covid-19 Information to Policyholders

Dear Policyholders, we are committed to your safety and wellbeing. The whole nation is fighting Corona Virus COVID-19. Under these challenging circumstances, team LIC assures you that we are doing our best to ensure that critical policy services remain unaffected and you get your due payments on time.

  •   Source: LIC
  •   Published on: 30/03/2020

What 3 month moratorium on repayment of term loans means for borrowers

What 3 month moratorium on repayment of term loans means for borrowers

RBI has allowed lending institutions to offer a moratorium on loan repayments.


No extension of the Financial Year, says government

No extension of the Financial Year, says government

A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted, the government said

  •   Source: Live Mint
  •   Published on: 30/03/2020

No extension of the Financial Year, says government

No extension of the Financial Year, says government

A notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted, the government said

  •   Source: Livemint
  •   Published on: 30/03/2020

Tokyo Olympics to be held from July 23 to August 8, 2021

Tokyo Olympics to be held from July 23 to August 8, 2021

The 2020 Olympics have been postponed amid the global coronavirus pandemic that has brought nearly all sport to a halt worldwide.

  •   Source: The Hindu
  •   Published on: 30/03/2020

Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

Your home, personal, auto loans to be cheaper! RBI minimises Coronavirus impact with repo rate cut

After today's rate cut, it remains to be seen how much impact with the recent rate cuts, it will have on the home loan and other borrowers.


RBI allows banks to put EMIs on hold for three months

RBI allows banks to put EMIs on hold for three months

The credit history of the borrower will not be impacted The RBI today cut repo rate by 75 basis points and also cut cash reserve ratio by 100 basis points

  •   Source: Livemint
  •   Published on: 27/03/2020

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

RBI cuts repo rate by 75 bps to 4.40% to mitigate Covid-19 impact

The rate cut was warranted by disruptive force of coronavirus, the central bank said.


Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

Confused About Credit Card Dues, Home Loan EMI After RBI Announcement? Here's What it Means

RBI has made a one-time exception in view of the financial distress arising out of the global pandemic coronavirus and the economic havoc wreaked by the lockdown imposed to control its spread.

  •   Source: News18
  •   Published on: 27/03/2020