Free Press Journal
  • lic, cdsl, mumbai, lic of india, Mumbai, Central Depository Services (India) Ltd, MoU, DPs

    LIC to insure eligible demat account holders with CDSL

    Mumbai: In a move to reach out to investors, LIC of India’s Mumbai unit signed an MoU with Central Depository Services (India) Ltd (CDSL). This is to provide group insurance coverage to all eligible demat account holder aged between 18 to 59 years serviced through DPs (Depository Participants) associated with it. The group insurance scheme will provide a cover of Rs 1,00,000 for every eligible demat account subject to maximum of Rs