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Asian life insurance giant, the <keyword id="6368369" type="General" weightage="50" keywordseo="life-insurance-corporation-of-india" source="Orion">Life Insurance Corporation of India</keyword> on Thursday said its Indian Embedded Value (<keyword id="3408788" type="General" weightage="80" keywordseo="iev" source="Orion">IEV</keyword>) as on March 31, 2022 was Rs 541,942 crore.<br /><br />The embedded value in the case of a life insurance company is the current value of the company's future profits.<br /><br />According to <keyword id="6367143" type="General" weightage="100" keywordseo="lic" source="Orion">LIC</keyword> officials, the IEV has been determined at Rs 541,492 crore (Rs 5,414.9 billion) as compared to Rs 95,605 crore (Rs 956 billion) as on March 31, 2021 and Rs 539,686 crore (Rs 5,397 billion) as on September 30, 2021.<br /><br />Officials said the volatility in the stock market has impacted the LIC's investment market value to the tune of Rs 40,000 crore which, in turn, had its impact on IEV.<br /><br />According to the officials, the Rs 40,000 crore reduction in the market value of its investment was in both equity and debt segments of the market.<br /><br />The IEV as of September 30, 2021 was significantly higher than the IEV of March 2021 due to the bifurcation of fund that was carried out by LIC pursuant to changes in the <keyword id="7922368" type="General" weightage="20" keywordseo="lic-act" source="Orion">LIC Act</keyword> during the FY 2021-22.<br /><br />The LIC Board on January 8, 2022 had approved bifurcation of the single fund into separate Participating and Non-Participating funds and the effect of such bifurcation has been reflected in the Financials as at March 31, 2022.<br /><br />The life insurer had engaged <keyword id="14454797" type="General" weightage="50" keywordseo="milliman-advisors-llp" source="Orion">Milliman Advisors LLP</keyword> for arriving at the embedded value.<br /><br />On Thursday the LIC's Board accepted <keyword id="1417479" type="General" weightage="50" keywordseo="milliman" source="Orion">Milliman</keyword>'s IEV report.<br /><br />LIC Chairman M.R. Kumar said the valuation of IEV took some time to get completed.<br /><br />On the LIC's decision to publish the embedded value once in six months - in March and September - Kumar said it is in line with the industry practice.<br /><br />Further, determining the embedded value of a life insurance company of LIC size with about 28 crore policies is a time consuming and elaborate process, officials added.<br /><br />The Value of New Business (VNB) for year ended March 31, 2022 has been determined to be Rs 7,619 crore (Rs 76.19 billion) as compared to Rs 4,167 crore (Rs 41.67 billion) for the year ended March 31, 2021.<br /><br />Also, the VNB for the six-month period ended September 30, 2021 was Rs 1,583 crore (Rs 15.83 billion).<br /><br />The VNB margin, for the year ended March 31, 2022 is 15.1 per cent as compared to 9.9 per cent for the year ended March 31, 2021.<br /><br />Officials said the VNB margin went up owing to change in business mix like the group business going up to 29 per cent from 24 per cent.<br /><br />The ROEV (Return on embedded value) for March 21, 2022 is 11.9 per cent as compared to 36.9 per cent for March 2021.<br /><br /><strong>SEE ALSO : <br /><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/iamai-dissolves-blockchain-and-crypto-assets-council-to-no-longer-represent-crypto-exchanges/articleshow/92880182.cms">IAMAI dissolves Blockchain and Crypto Assets Council, to no longer represent crypto exchanges</a><br /><br /></strong><a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/chitra-ramakrishna-arrested-by-ed-and-sent-to-a-four-day-remand/articleshow/92879523.cms"><strong>Chitra Ramakrishna arrested by ED and sent to a four-day remand</strong></a>

LIC's embedded value is estimated at Rs 5.4 lakh crore

<p class="source"><span><a href="http://www.shutterstock.com/gallery-677095p1.html">iev.Victor / Shutterstock.com</a></span></p><a href="https://www.canneslions.com/#/">At the Cannes advertising festival, </a>an annual gathering of award-seeking creative superstars from the ad agency world, along with a sea of media executives, marketers and ad technology vendors, the networking can be intense and the inspiration overwhelming. <p>But there are moments of levity. Some would even say the festival can be a bit over the top.<br /><br />We've pulled together a list of some of the most, um, let's go with ridiculous, events on the schedule of the Cannes Lions Festival next week (and one happening this week): </p>

The weirdest events at Cannes, where the world's top marketing gurus are gathering to guzzle rose and bask on yachts

<p></p><div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div><p></p></div></div>Three State University of New York (SUNY) at Albany college students who claimed they were the victims of a&#xa0;hate crime were punished by the&#xa0;Student Conduct Board for violating the code of conduct,&#xa0;<a href="http://www.timesunion.com/local/article/UAlbany-women-punished-by-college-for-bus-attack-7396568.php#photo-9934313">The Times Union reported.</a><p><span>Two of the students, Ariel Agudio and </span>Asha Burwell, were expelled from the school, and the third,&#xa0;Alexis Briggs, was suspended for two years, according to <a href="http://www.albany.edu/news/69517.php">public statement<span>&#xa0;from SUNY Albany President </span>Robert J. Jones.</a><span></span></p><p>The three women ignited an emotionally charged firestorm on SUNY Albany's campus in January after Burwell tweeted they were the victims of a&#xa0;racially motivated&#xa0;attack&#xa0;on a city bus.</p><p><div></div></p><p class="embed-spacer"><div></div></p><p>The incident garnered national attention. Even Democratic presidential frontrunner&#xa0;Hillary Clinton weighed in, tweeting that&#xa0;there was "no excuse for racism and violence on a college campus."</p><p><div></div></p><p class="embed-spacer">The women claimed that a group of 12 to 20 people, including white men, attacked them while riding a&#xa0;<span>late-night bus route that&#xa0;students refer to as the "drunk bus," <a href="http://www.timesunion.com/local/article/Charges-filed-against-UAlbany-students-who-6854003.php">according to the Times Union.</a>&#xa0;M</span><span>any bystanders witnessed the account but did nothing to help them, they said, according to the publication.</span></p><p class="embed-spacer"><span>One of the students,&#xa0;Agudio, called 911 following the incident and told the dispatcher that the women were the victims of a "racial crime" and stated that&#xa0;<span>"if someone doesn't come and take this down or something, I'm going to call the news," according to a copy of the call reviewed by the Times Union.</span></span></p><p class="embed-spacer">After authorities reviewed footage&#xa0;of the incident, however, a different story began to emerge.</p><p class="embed-spacer">The women appeared to be the aggressors in the video, which shows some of the white men&#xa0;trying to break up the fight, according to police.</p><p><span>"I especially want to point out that what happened on the bus was not a 'hate crime,'"&#xa0;<span>University Police Department Chief J. Frank Wiley&#xa0;</span>said in a statement, according to the Times Union.</span></p><p><span>The women were indicted&#xa0;and&#xa0;arraigned on 10 charges including</span><span>&#xa0;assault and false reporting in early May.</span></p><p><span><span>After the claiming the trio were the victims of a hate crime in January, supporters rallied together to confront racism on campus.&#xa0;</span></span><span><span>But now, with police providing&#xa0;evidence that the women lied, some question the damage already done to race relations.</span></span></p><p><span><span><span>"Did it occur to you that you weren't a woman of one&#xa0;<span>(or three, since&#xa0;</span><a href="http://www.timesunion.com/search/?action=search&amp;channel=local&amp;inlineLink=1&amp;searchindex=gsa&amp;query=%22Ariel+Agudio%22">Ariel Agudio</a><span>&#xa0;and&#xa0;</span><a href="http://www.timesunion.com/search/?action=search&amp;channel=local&amp;inlineLink=1&amp;searchindex=gsa&amp;query=%22Alexis+Briggs%22">Alexis Briggs</a><span>&#xa0;are part of this, too)&#xa0;</span></span><span>crying wolf, but rather your actions, your decisions, your choices will make people - the public, and otherwise - think many who come after you with their own legitimate, fair, honest claims of assault are also lying?"<span> <a href="http://blog.timesunion.com/kristi/2016/02/25/questions-for-ualbany-student-asha-burwell-regarding-the-cdta-bus-incident/">Kristi Gustafson Barlette&#xa0;wrote in a column in the Times Union.</a></span></span></span></span></p><p><span style="background-color: #ffffff;">The incident on SUNY Albany's campus follows months of racial unrest on other college campuses across the nation. Minority students&#xa0;at <a href="http://www.businessinsider.com/yale-university-racism-on-campus-2015-11">Ivy League universities</a> have protested institutional racism at their respective schools, and the president of the <a href="http://www.businessinsider.com/what-university-of-missouri-students-want-after-tim-wolfes-resignation-2015-11">University of Missouri resigned</a> last fall amid intense protests about racism&#xa0;on campus.</span></p>    <div class="margin-top">        <h3>NOW WATCH: <a href="http://www.businessinsider.com/teacher-had-best-reaction-to-obama-2016-5">The National Teacher of the Year had the best reaction to introducing Obama at an event </a></h3>        <div>            <div>        <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="8zMTBiMzE642yeC3hpobLvjhBW640smG" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div>        </div>        </div>            </div>

3 college students have been kicked out of school after charges that they lied about being hate-crime victims

<ul><li>WWF had started celebrating <keyword id="123706" type="PERSON" weightage="20" keywordseo="Earth-Hour">Earth Hour</keyword> back in 2007, to inspire people to help the environment and raise awareness.</li><li>Since then, Earth Hour has become a global movement.</li><li>This year too, many brands spoke about the importance of Earth Hour in an attempt to encourage people to make a difference, and contribute in conserving energy in whichever small way they can.</li></ul><br />Today is March 28, the one day that the world comes together to switch off all lights, to celebrate Earth Hour, in an attempt to build awareness about conserving energy and help reduce emissions and preserve resources. <br /><br />Despite the global Coronavirus outbreak that has major cities across the world under a lockdown, people are getting ready to switch off all non-essential lights for an hour, in an attempt to contribute towards a greener future in whichever small way they can.<br /><br />This year, the <keyword id="95620" type="ORGANIZATION" weightage="20" keywordseo="World-Wildlife-Fund">World Wildlife Fund</keyword> (WWF) has announced that it will celebrate Earth Hour digitally between 8.30 pm and 9.30 pm. It was WWF that had started the initiative back in 2007, since when it has become a global movement.<br /><br />This year, despite our collective morale being low due to the spread of the pandemic, we saw many brands come together, to encourage people to follow Earth Hour. Here are some of the campaigns that we liked the most:<br /><br /><strong>WWF India:</strong><br /><br />
  
  
  
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<br /><br /><strong>Manforce:</strong><br /><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="ManforceIndia" handlename="Manforce Condoms" image="http://pbs.twimg.com/profile_images/982657058876125186/v4fkHTaZ_normal.jpg" favoritecount="11" retweetcount="2" status="Some of us actually care about the mother Earth, so we are bound to celebrate #EarthHour every night! https://t.co/Tv22N0tfUA" createdat="1585397492000" id="1243873353082867712"></div>



















<br /><strong>Dish TV:</strong><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="DishTV_India" handlename="DishTV India" image="http://pbs.twimg.com/profile_images/1162354788928876544/lgaSHnIC_normal.jpg" favoritecount="5" retweetcount="0" status="If one small change can make a big difference, then why hesitate to do it? This #EarthHour, switch off your enterta… https://t.co/YDoi3bZ1Jf" createdat="1585402010000" id="1243892303032287233"></div>



















<br /><strong><keyword id="2613562" type="PERSON" weightage="20" keywordseo="OnePlus-India">OnePlus India</keyword>:</strong><br /><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="OnePlus_IN" handlename="OnePlus India" image="http://pbs.twimg.com/profile_images/1240261369213014016/NZgTicUh_normal.png" favoritecount="243" retweetcount="14" status="Give the lights a rest today, from 8:30 PM to 9:30 PM, and use the time to take beautiful shots using the nightscap… https://t.co/ezaB3dZnI5" createdat="1585398524000" id="1243877684901326851"></div>



















<br /><strong><keyword id="6367990" type="COMPANY" weightage="20" keywordseo="Panasonic">Panasonic</keyword> India:</strong><br /><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="PanasonicInNews" handlename="Panasonic India News" image="http://pbs.twimg.com/profile_images/1070918749023129600/r73QH76w_normal.jpg" favoritecount="5" retweetcount="2" status="#EarthHour is more than just about switching off lights. It's about billions of people all over the world standing… https://t.co/YwKkjtZD4E" createdat="1585390158000" id="1243842592418103297"></div>



















<br /><strong><keyword id="6354731" type="UNKNOWN" weightage="20" keywordseo="state-bank-of-india">State Bank of India</keyword>:</strong><br /><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="TheOfficialSBI" handlename="State Bank of India" image="http://pbs.twimg.com/profile_images/874974596931371008/R5OJdnqW_normal.jpg" favoritecount="84" retweetcount="20" status="This Earth Hour, make the pledge to do more and do better for Mother Earth.  Join the movement today by turning off… https://t.co/A73Lyslgho" createdat="1585392561000" id="1243852671150243843"></div>



















<br /><strong><keyword id="42747" type="CITY" weightage="20" keywordseo="Tata-Motors">Tata Motors</keyword>:</strong><br /><br />
	
	
	
	
	
	
	
	
	<div type="twitter" handle="TataMotors" handlename="Tata Motors" image="http://pbs.twimg.com/profile_images/899609798299205633/DZLt0_e2_normal.jpg" favoritecount="48" retweetcount="9" status="Let’s unite and protect the home we share, our planet Earth. Join us at 8:30 pm, switch off your light from whereve… https://t.co/F8MRpM7juj" createdat="1585392102000" id="1243850746010845184"></div>



















<br /><strong>HDFC:</strong><br /><br />
  
  
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<br /><strong>Crompton India:</strong><br /><br />
  
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<br /><strong>LG India:</strong><br />
	
	
	
	
	
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You Searched For "iev" and got 4 results

LIC's embedded value is estimated at Rs 5.4 lakh crore

IANS

The weirdest events at Cannes, where the world's top marketing gurus are gathering to guzzle rose and bask on yachts

Mike Shields

3 college students have been kicked out of school after charges that they lied about being hate-crime victims

Abby Jackson

On Earth Day, brands urge you to switch off your lights today to ensure a brighter future tomorrow

Samarpita Banerjee

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