What is the full form of AAO?
AAO Full Form – What is the full form of AAO? AAO is an abbreviation for Assistant Audit Officer. The AAO examination was included in the Staff Selection Commission Combined Graduate Level (SSC CGL) examination in 2016. AAOs work for the Indian Audit and Accounts Department (IAAD), which reports to the Comptroller and Auditor General of India (CAG).
- Because of the high income, this is the most sought-after entry-level post.
- AAOs are authorized officers who are in charge of section-level decision-making.
- They examine the accounting, finances, operations, and compliance of state, central government, and public-sector organizations.
- They assist and accompany audit officials.
To become an AAO, the candidate must either hold a bachelor’s degree from an authorized university or have a degree of CA, MBA, MBS, M.Com., MBE or CMA.
How much does a life insurance agent earn in India?
Life Insurance Agent salary in India ranges between ₹ 0.4 Lakhs to ₹ 4.0 Lakhs with an average annual salary of ₹ 2.0 Lakhs. Salary estimates are based on 208 latest salaries received from Life Insurance Agents.
What is the face value of LIC?
|Debt to Equity||0.00|
How much money is there in LIC?
From Wikipedia, the free encyclopedia
|LIC New Delhi|
|Industry||Insurance and Financial services|
|Revenue||₹ 784,889 crore (US$98 billion) (2023)|
|Operating income||₹ 41,093 crore (US$5.1 billion) (2023)|
|Net income||₹ 37,997 crore (US$4.8 billion) (2023)|
|Total assets||₹ 4,578,491 crore (US$570 billion) (2023)|
|Total equity||₹ 46,233 crore (US$5.8 billion) (2023)|
|Owner||Government of India (96.5%)|
|Number of employees||114,000 (2020)|
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 ₹ 45.7 trillion (US$570 billion) as of March 2023.
It is under the ownership of Government of India and administrative control of the Ministry of Finance, The Life Insurance Corporation of India was established on 1 September 1956, when the Parliament of India passed the Life Insurance of India Act, nationalising the insurance industry in India. Over 245 insurance companies and provident societies were merged together.
LIC reported 290 million policyholders as of 2019, a total life fund of ₹28.3 trillion, and a total value of sold policies in the year 2018–19 of ₹21.4 million. The company also reported having settled 26 million claims in 2018–19. It ranked 98th on the 2022 Fortune Global 500 list with a revenue of ₹ 775,283 crore (equivalent to ₹ 8.2 trillion or US$100 billion in 2023) and a profit of ₹ 4,415 crore (equivalent to ₹ 47 billion or US$580 million in 2023).
What is the rank of LIC market cap?
Life Insurance Corporation of India (LIC) (LICI.NS) – Market capitalization As of August 2023 Life Insurance Corporation of India (LIC) has a market cap of $50.03 Billion, This makes Life Insurance Corporation of India (LIC) the world’s 348th most valuable company by market cap according to our data.