Month: September 2022

IRDAI has allowed insurers to buy more perpetual bonds issued by banks and permitted them to participate in the public listing of highyielding InvITs (Investment Trusts), enhancing the capital sources…

In a bid to promote ease of doing business, insurance regulator IRDAI has decided to do away with the prior approval requirement for raising capital through preference shares and subordinate…

IRDAI provided insurers with more flexibility in paying commission by linking limits to the overall portfolio and company management expenses, according to a report. The utmost commission sanctioned for non-life…

IRDAI has invited entities to develop technology-driven innovative solutions for automated death claim settlement, curtail miss-selling, and other areas of the insurance ecosystem, with an aim to protect the interest…

LIC is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said. "We are already doing a lot of long-term…

LIC, has invested Rs. 34,000 crore in equities in the first quarter of the financial year.MR Kumar, Chairman, LIC said, “We are contrarian in our investment philosophy, so we thought…

LIC has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a…

LIC has roped in Milliman Advisors to derive its embedded value (EV) as on September 2022. Milliman had ascertained the embedded value for the insurer before its initial public offering…

LIC reported a multi-fold increase in net profits to Rs 682.88 crore for the quarter ending June compared to a profit of Rs 2.94 crore in Q1FY22. It may be…

Shares of LIC fell over 1 percent trade even as LIC said it has witnessed a decline of nearly 20 percent in death claims in the first quarter of this…