Safe Heaven Investment – Fixed Annuity
In today's uncertain financial climate the quality of insurance company takes on new meaning. While no insurance company simply goes out of business due to highly regulated reserve requirements those…
Reinsurance market facing stiff competition
"Pass on the liability from one to another and so on….. That is the trick of Reinsurance"
Women LIC agents meet organised on 3rd September
The session Life Insurance Corporation Agents’ Organisation of India (LICAOI) held in Mangalore on Monday pointed out the benefits that need to be provided to women LIC agents.
Tata AIG General Insurance announces senior management change
Tata AIG General Insurance Company announced that Gaurav D. Garg will moving on from his role as MD and Chief Executive Officer of Tata AIG General Insurance in mid-September, 2012.
AIG launches sale stake in former Asian unit AIA
American International Group Inc launched the sale of a stake in its former Asian unit AIA recently, providing the insurer with funding to help repurchase up to $5 billion of…
New business income of life insurers gain 16% in April-July
LIC’s income rose 23% to Rs. 238.58 billion during April-July
LIC to invest Rs. 500 bn by FY12-13
Life Insurance Corporation of India (LIC) is planning to invest Rs. 500 billion in equities in the financial year 2012-13.
Better LIC returns for online purchase
Life Insurance Corporation of India (LIC) has made available online its immediate annuity plan offering a 1% higher return for online purchases. An immediate annuity plans is one where the…
LIC settled Rs 21.86 lakh claims in 2011-12
Life Insurance Corporation of India (LIC) has settled 21.86 lakh claims amounting to Rs 4,389.79 crore in the financial year 2011-12. This was announced by zonal manager of East Central…
LIC of India celebrates foundation day
The Life Insurance Corporation Of India (LIC) is celebrating its foundation day by making the first week of September as 'insurance week'. For this, the LIC employees and authorities have…