What does LIC mean?
Asked by: Anne O'Conner | Last update: September 26, 2022Score: 4.8/5 (56 votes)
LIC is a three-letter abbreviation that may refer to: Laudetur Iesus Christus, a Roman Catholic greeting. Abbreviation for license. Licentiate, a degree. Life Insurance Corporation, an Indian government-owned corporation.
What does LIC stand for in text?
LIC means "Like I Care."
What is LIC in business?
LIC. Loan Impairment Charge (finance)
What does LIC mean in economics?
Economics Sort. LIC Economics Abbreviation. 4. LIC. Low-Income Country + 3.
What is LIC in medical terms?
LIC offers a term insurance policy that comes with medical cover. The LIC e-Term and LIC Jeevan Arogya are two insurance plans offered by LIC that offer life cover. These plans offer financial protection along with medical cover.
How does LIC policy Works and Its Benefit for Tax Deduction Under Section 80C
What does LIC mean in pharmacy?
Lic. Licentiate. Treatment, Health, Healthcare.
What do you know about LIC?
1956: 245 Indian and foreign insurers and provident societies are taken over by the central government and nationalised. LIC formed by an Act of Parliament, viz. LIC Act, 1956, with a capital contribution of Rs. 5 crore from the Government of India.
What does LIC finance mean?
Listed investment companies (LICs) and listed investment trusts (LITs) offer exposure to a broader range of assets per transaction. The investing approach and underlying assets will vary.
What does LIC stand for in geography?
low income countries (LIC) - these are countries with a GNI per capita of $1,045 or less, eg Chad and Ethiopia.
What does LIC No mean?
license number - the number on the license plate that identifies the car that bears it. registration number. identification number, number - a numeral or string of numerals that is used for identification; "she refused to give them her Social Security number"
What is the long form of LIC?
The full form of LIC is Life Insurance Corporation of India. LIC is a government-owned insurance and investment company arising from the Life Insurance Act of India, which put the insurance industry under the control of the government by nationalization, thereby establishing LIC in 1956.
Why is LIC important?
The primary objective of LIC of India is to spread the importance of life insurance widely in the rural areas and people belonging to socially and economically backward classes. The company functions with a view of providing such individuals with financial cover against death at a reasonable cost.
What is LIC and its function?
LIC is known as India's largest government-owned life insurance and investment corporation. The main role of LIC is to invest in global financial markets and different government securities after gathering funds from people through their various life insurance policies.
What does nee stand for?
Née (lit. " born"), a woman's family name at birth before the adoption of another surname usually after marriage. The male equivalent "né" is used to indicate what a man was originally known as before the adoption of a different name.
What are HICs and LICs in geography?
Uneven development creates differences between countries. higher income countries (HICs) have a lot of money and so they have the power to make decisions that affect lower income countries (LICs) .
What are ETFs and LICs?
An ETF is open-ended, whereas a LIC is closed-ended, which means that a set number of shares are issued. This can mean the value of shares in a LIC can drift significantly from its net asset value.
What are LICs and LITs?
What are LICs and LITs? Listed investment companies (LICs) and listed Investment trusts (LITs) provide exposure to a basket of underlying securities, often shares, although increasingly there are funds providing exposure to other asset classes, such as fixed income.
Are LICs a good investment?
LICs are a good investment because they are easily accessible to self-directed investors and offer diversification. They also can come with tax advantages. With professional management, there's the potential to beat the market without having to pay a lot of fees as you would with a managed fund.
What is LIC NO in product?
The 14-digit number provides information about the manufacturer's licence or registration details, and the manufacturing state. The number encompasses essential information about the manufacturer and is divided into five parts.
What does PMD stand for in medical terms?
General Discussion. Summary. Pelizaeus-Merzbacher disease (PMD) is a rare X-linked genetic disorder affecting the central nervous system that is associated with abnormalities of the white matter of the brain and spinal cord.
What does Stat stand for in nursing?
STAT: A common medical abbreviation for urgent or rush. From the Latin word statim, meaning "immediately."
Is LIC good option?
Is LIC Plan a good investment? Yes, LIC offers best life insurance plans. If you are looking for investment and protection option under one product, you can consider Endowment or Unit Linked Investment Plan (ULIP) as per your risk appetite and financial objectives.