RENOWNED social worker Sindhutai Sapkal, known as ‘orphan children's mother’, died following a heart attack at a private hospital here, doctors said. Sapkal, who had received the Padma Shri last year, was 75. She had been admitted to the Galaxy Care Hospital here. “She had undergone a hernia surgery one and a half months ago and recovery was very slow. Today she died of a heart attack around 8 pm,” said Dr Shailesh Puntambekar, Medical Director of the hospital. Born into a poor family, and as an unwanted child, Sindhutai was called Chindhi, which in Marathi means a useless piece of torn cloth. She grew up in poverty and had to suffer immense hardships as a child.
Circumstances did not allow her to attend school beyond Std 4, but she has created doctors and lawyers, and respectable, law-abiding citizens from the homeless street urchins who otherwise could have turned to crime for survival. She set up institutes for orphan children. She adopted and took care of more than one thousand orphan kids in 40 years. Sindhutai was known to the world as ‘Mai’. She was homeless, but gave shelter to over 1,500 kids and became the lifegiver for abandoned children. market cap in India).
As on September 30, 2021, LIC’s individualproductsportfolioinIndiacomprised32individualproductsandsevenindividual riders / and it’s group productportfolioinIndiacomprised10groupproducts,which included one group micro insurance products. In Fiscal 2019, Fiscal 2020, Fiscal 2021 and the six months endedSeptember30,2021--our individualagentswereresponsibleforsourcing95.81percent, 94.74 per cent, 93.80 per cent and96.82 per cent of LIC’s NBP for its products on standalone basis, respectively. For Fiscal 2021, LIC issued approximately 21 million individual policies, representing a 74.6 per cent market share in new individual policy issuances. For Fiscal 2021, LIC’s market share in the Indian Life InsuranceIndustrywas66.2per centbasedonNBP, anditsNBP was 1.96 times the total private life insurance sector and 8.9 times the NBP for the second largestplayerinthe IndianLife InsuranceIndustry.The NBPof the Indian Life Insurance is expected to grow at a CAGR of approximately18percentfrom Fiscal 2021 to Fiscal 2026 for individual business as compared to a CAGR of 17 pc in group business. CRISIL Researchforecasts thattheelderly population in India will increase from 116.8 million in 2015 to 316.8 million in 2050 andtheshareofelderlyinIndia’s population will almost double from 9 per cent in 2015 to 17 per cent in by 2050.