LIC launches Micro Bachat plan
Life Insurance Corporation launched a new micro insurance plan ‘Micro Bachat’. It is a regular premium, non-linked, participating endowment micro Read more
Life Insurance Corporation
LIC first-year premiums shrink by 7.9 per cent
First-year premiums collected by life insurance companies for April-November 2018 saw a tepid growth of 0.33 per cent over the Read more
LIC hiring plan for eastern zone
Life Insurance Corporation plans to hire 50,000 new agents in the current year for the eastern region. The recruitment will Read more
LIC buys first issuance of longest maturity bonds
Life Insurance Corporation has bought the first issuance of the longest maturity 30-year bonds this financial year, sold by the Read more
LIC continues to be in top position in claim settlements
Life Insurance Corporation continues to maintain its lead ahead of private life companies in paying out claims with a settlement Read more
Uttarakhand floods: Life insurance firms looking at Rs. 1,000-cr tab
The rising death toll in Uttarakhand could lead to life insurance claims of about R1,000 crore, though claims are yet to be made, say insurance companies, which are putting in place fast-track mechanisms to speed up claim settlements.
LIC should protect its shareholding and ensure highest standards of functioning: Rajiv Takru
The government is nudging India’s largest local investor, the state-owned Life Insurance Corporation, to exercise greater control, including seeking more board seats if needed, in some of the listed companies in which it has sizeable holdings to ensure the safety of investments.
Government’s disinvestment lifeline LIC sees opportunity in market rout
Insurance behemoth Life Insurance Corporation (LIC) has stepped up the purchase of equities at a time when foreign institutional investors have been hitting the sell button. The state-owned insurer has bought equities worth R2,500-3,000 crore over the last seven days, sources close to the development told FE.
Life Insurance Corporation starts revamp, sets up two groups to look into issues
State-run Life Insurance Corporation has set up two groups to look into a host of issues, including investment strategy, marketing and review of its international operations and subsidiaries, two persons with knowledge of the development said.
300 Life Insurance Corporation mini offices to come up by month-end
The Life Insurance Corporation (LIC) of India will open 300 mini offices across the country by month-end, said Thomas Mathew T, the Chairman-in-charge, LIC, adding that the corporation was opening 10 mini offices a day.