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Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai.It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹ 52.52 trillion (US$630 billion) as of March 2024. [4]
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SBI Cards & Payment Services Limited, previously known as SBI Cards & Payment Services Private Limited, is a credit card company and payment provider in India.SBI Card was launched in May 1998 by the State Bank of India and GE Capital.
Metropolitan Stock Exchange of India Limited (MSE) is a stock exchange regulated by Securities and Exchange Board of India (SEBI). The Exchange was notified of a "recognized stock exchange" under Section 2(39) of the Companies Act, 1956 by the Ministry of Corporate Affairs, Govt. of India, on December 21, 2012.
On the same date, LSE also introduced a settlement guarantee fund (SGF). The SGF guarantees settlement of transactions and the carry forward facility provides liquidity to the stock market. LSE became the first in India to start LSE Securities Ltd., a 100% owned subsidiary of the exchange. The LSE Securities got the ticket as sub-broker of the NSE.
In 2013, Tata Capital Growth Fund picked up a minority stake in the company. [12] Home First Finance turned profitable in 2014. [13] In February 2017, private equity firm True North acquired a majority stake in Home First Finance for over ₹ 600 crore.
The total Assets Under Management (AUM) of the Indian mutual fund industry as of December 31, 2023, stood at a staggering ₹ 50.78 trillion (US$610 billion). This is a significant milestone, marking over a six-fold increase compared to the ₹ 8.26 trillion (US$99 billion) recorded in December 2013.
An endowment policy is a life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.Typical maturities are ten, fifteen or twenty years up to a certain age limit.