S K Roy is chairman of Life Insurance Corporation of India




The government recently appointed S K Roy as chairman of Life Insurance Corporation of India. The Appointments Committee of the Cabinet (ACC) has already cleared his name. The notification in this regard has been issued, sources said.

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The future of the insurance sector is pension and health products: D K Mehrotra

Life Insurance Corporation of India has planned to get into the banking sector through its subsidiary, LIC Housing Finance. D K Mehrotra, chairman of Life Insurance Corporation of India, the government-owned giant, talks of their plans with Business Standard. Read more

Vijayan named 4th IRDA chairman

The government   appointed T S Vijayan, 60, as the new chairman of the Insurance Regulatory and Development Authority (IRDA).

Vijayan’s appointment was cleared by the Prime Minister’s Office last week following green signal from the Central Vigilance Commission at January-end. Read more

Interview with D K Mehrotra, Chairman, Life Insurance Corporation of India (LIC)

Implementation of product design guidelines poses a big challenge for life insurers, especially for a player like Life Insurance Corporation of India (LIC). The withdrawal of products that have been serving customers for more than five decades places reputation at risk, says D K Mehrotra, chairman, LIC, in an interview with Aswathy Varughese & Raj Nambisan. Edited Read more

Insurance News: Cooperative model leads to inclusive growth

In a first ever move by the finance ministry to seek life insurers’ view on taxation issues, it has invited suggestions from life  insurance companies for making changes in direct and indirect taxes for the sector, to be considered in the Union Budget 2013-14.  In a letter to the Life Insurance Council, the ministry has called for suggestions and views for changes in the duty structure, rates  and broadening of tax base, giving economic justification for the same. Read more

Life Insurance Corporation of India looking at PSU equity

Life Insurance Corporation of India (LIC) Chairman D K Mehrotra on Monday said the company would buy stakes in public sector units (PSUs) going for part-disinvestment if it found good value in doing so.

The government has planned to sell some stake in PSUs such as Hindustan Copper, Oil India, Minerals and Metals Trading Corporation, National Aluminium and NMDC, among others. Read more