Demand for health insurance products picks up pace
With Covid-19 cases across the country rising rapidly once again, demand for health insurance products has spiked. Insurers are seeing an uptick in inquiries for such products and underwriting more…
Health insurance claims stay stable
With the third wave of the pandemic proving to be less severe than the first two, there has not been a significant rise in health insurance claims for the general…
Insurers push for GST cut on health policies
With Covid pandemic still playing havoc in the country, the insurance sector is pushing for a reduction in the GST on health policies to bring more people under the insurance…
On the Account of International Women’s Day, ICICI Lombard Introduces ‘RIA’, Intelligent Virtual Assistant
RIA adds the human element to today’s ever increasing machine based interactions ICICI Lombard, India's leading private general insurance company, on the occasion of Women’s Day has introduced RIA (Responsive…
ICICI Lombard Launches ‘BeFit Cover’ Digital Campaign
ICICI Lombard, one of India's leading private insurance company, has launched #UnbelievableButTrue, a digital campaign to promote BeFit - a rider policy that provides cashless OPD and also covers physiotherapy, virtual consultations, and teleconsultation sessions…
LIC Housing or IDBI has to stop home loan biz by Nov next year
With Life Insurance Corporation (LIC) becoming a parent company of both IDBI Bank and LIC Housing Finance, either of the subsidiaries will have to wind down its home loan business…
LIC AUM rose Rs. 1 trillion from March-Sept ’21
LIC of India's assets under management (AUM) increased to Rs 38 trillion as of September 2021, compared with Rs 37 trillion as of March 2021, said sources in the know.…
LIC launches special revival campaign for lapsed policies
Life Insurance Corporation of India (LIC) has announced a special revival campaign for individual lapsed policies from February 7 to March 25. This is the second such campaign for revival…
LIC third largest, but gives highest RoE of 82%: CRISIL
LIC is not only the world's largest when it comes to home-market share with over 64.1 per cent of the total gross written premium as of 2020 but also the…
IPO-bound LIC ropes in 6 ind directors
Ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former financial services…