Wed Feb 19 14:50:00 UTC 2025: ## LIC Launches New Pension Plan Amidst Mixed Q3 Results; Crypto Market Update Available
**Mumbai, India** – Life Insurance Corporation of India (LIC) announced the launch of its new “Smart Pension” plan, effective February 18, 2025. This non-participating, non-linked annuity plan aims to capitalize on the growing Indian pension market. The announcement comes as LIC reported a 9% drop in net premium income for the third quarter, driven by lower single and first-year premium collections. Despite this, the company saw a 17% increase in profit after tax, thanks to reduced employee expenses. The value of new business, however, fell by 27%.
Meanwhile, Moneycontrol continues to provide updates on the fluctuating crypto market, including top gainers and losers, and offers investment guidance. For those interested in options trading, the Traders Gurukul’s BOTS summit, held on the second or third Sunday of each month in major Indian cities, provides a platform for learning and networking. Moneycontrol also provides comprehensive business news, budget updates, Sensex and Nifty information, and personal finance tools.
First Piper 