Month: March 2024

Introduction The word "Cancer" itself is sufficient to give a fright and make one contemplate on the sufferings involved in the life of one diagnosed with the deadly disease. It…

In an era marked by unprecedented environmental and social challenges, the insurance industry is undergoing a transformative shift towards sustainable underwriting. As climate change, social inequality, and governance issues become…

Reinsurers operating in the Asia-Pacific region maintain a positive outlook for the non-life insurance market, even in the face of natural hazards. Fitch Ratings, a globally recognized credit rating agency,…

The Indian economy continues to be a beacon of growth and opportunity, attracting both domestic and foreign investments across various sectors. The country's economic reforms and ease of doing business…

LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government,…

Life Insurance Corporation of India (LIC) crossed the Rs 5 trillion market capitalisation mark in intra-day trade. LIC shares hit an intra-day high of Rs 800 before settling at Rs…

The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago.…

LIC is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence.…

As part of its digital transformation exercise, LIC is exploring the possibility of setting up a fintech unit. LIC has initiated a total digital transformation project DIVE (Digital Innovation and…

LIC has now put in place a framework for appointment of ‘shareholders’ director’ in its board. This framework — which has been introduced through a new regulation — comes 18…