![]() 50,00,000/- (Fifty Lakhs only) LIC will not pay any cost or any interest on the EMD for any period in any case. 25,00,000/- (Twenty Five lakhs only)Insurance Corporation of India Refer:NEFT/RTGS transfer to Life InsuranceAnnexure-22 LIC Bank Account DetailsCorporation of India Refer: Annexure-22 LIC Bank Account DetailsTotal EMD AmountRs. 25,00,000/- (Twenty Five Lakhs only)By way of NEFT/RTGS transfer to LifeRs. The EMD amount should be paid as given in Table below: By Way of Bank GuaranteeRs. The Commission, in its Tariff Order, had calculated the repayment schedule of LIC Bank loan based on the LIC’s letter dated June 14, 2003, in which LIC had mentioned that loan will be repaid in 44 installments (4 per annum).Īny notices, requests, demands, or other communications provided by this Agreement shall be sufficient if in writing and if sent by registered or certified mail to the Executive at the last address he has filed in writing with the Company or, in the case of the Company, at its principal offices.ĭepositing the correct Cash/Cheques to the designated LIC Bank Account. ![]()
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