Financial Daily from THE HINDU group of publications
Thursday, Jul 01, 2004

Cross Currency

Group Sites

Money & Banking - Life Insurance

ECS for LIC premium

Our Bureau

THIRUVANANTHAPURAM: The Life Insurance Corporation of India (LIC) will soon launch an electronic clearing services payment facility for its policyholders in cities such as Thiruvananthapuram and Chennai.

Customers can use this service to make premium payments and also receive claim settlements from the company, said Mr R.R. Nair, Zonal Manager (in-charge), LIC, at a press conference in the city on Tuesday.

The company also plans to construct 140 apartments and two other buildings in Thiruvananthapuram during the current financial year, he said. According to a company press release, the investment in the apartment complex is likely to be around Rs 20 crore, while the two buildings are likely to cost Rs 4 crore each. Work on a 72-apartment building in Kozhikode is nearing completion and the flats will be ready for allotment to prospective buyers by September this year, the release added.

More Stories on : Life Insurance | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Banks to draw up special farm credit scheme for Kerala

Canara Bank to fund small farmers buy KAMCO tillers
AP urges ryots to press for more aid from banks
Madras HC stays TN law on exorbitant interest
More forex reserves held as bank deposits, currency
Rupee tad higher; bonds lacklustre
Increased capital investment flows boost forex kitty
ING Vysya Life to tap rural market via MFL network
ECS for LIC premium
Tough choice for bond issuers
Karnataka Bank shifts training college
Current account surplus doubled last fiscal
External debt up 7.4 per cent
UBI credit for Bengal at Rs 5,408 crore
IOB to raise Rs 200 cr
CanBank gesture to students
Centre clears IDBI's conversion to bank
Corpn Bank cuts rates on FCNR(B) deposits
SBT rates on NRI deposits up
Banks in Dakshina Kannada cross Rs 8,600-cr business

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line