Underlining the importance of preventive healthcare and regular medical screening for a healthy life, Bajaj Allianz General Insurance recently launched a wellness rider, namely Health Prime, which offers cashless benefits…
Digit Insurance announced that it will start offering one of the industry's lowest waiting periods - of one year - for pre-existing diseases and specific illnesses. According to the press…
An actuarial valuation exercise has arrived at a $150 billion embedded value for Life Insurance Corp. of India, the first such valuation done by India's largest insurer, which is set…
Life Insurance Corporation of India (LIC) bought 4,38,02,790 equity shares or 2.01% stake of Bharat Petroleum Corporation from 11 June 2018 to 28 December 2021. Post transaction, Life Insurance Corporation…
LIC recorded a robust 16.66 per cent increase in income from investments (including capital gains) in financial year 2020-21 at Rs. 2.73 lakh crore (Rs. 2.34 lakh crore), its annual…
Reserve Bank of India (RBI) has approved the largest insurer in India Life Insurance Corporation to raise its stake in Indusind Bank to up to 9.99 per cent. "We are…
LIC has introduced a plan 'Dhan Rekha' with special rates for women and guaranteed benefits. The benefits include a periodic return of the basic sum insured plus the entire sum…
The RBI has allowed LIC to hike its stake in Kotak Mahindra Bank to up to 9.99% from the current 4.96%. Kotak Mahindra Bank's shares rose 3% following the announcement.…
Life insurance major LIC has asked its policyholders who also have a demat account to link their income tax PAN with their policies so that they can apply in its…
General insurers settled only a third of the total claim amount due to natural calamities during the financial year ended March 2021, amounting to nearly Rs 761 crore, according to…