Life Insurance Corporation Of India — Important, 08-07-2025: Updates

LIC has announced a final dividend of ₹12 per share (120%) for FY 2024-25, subject to shareholder approval. Dividend payments will be made within 30 days of declaration via electronic modes. Tax will be deducted at source (TDS) on dividends as per applicable rates, which vary based on the member’s residential status and documents submitted. Members are urged to update PAN, KYC, and bank details to ensure correct and timely credit of dividends and appropriate TDS deduction. Non-resident members can submit necessary documents to avail lower or nil TDS rates under DTAA provisions.