Month: March 2024

LIC has notified an increase in gratuity limit to Rs 5 lakh from Rs 3 lakh for its agents.The increase was effected by amending the Life Insurance Corporation of India…

LIC said, the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule. The rule says a listed entity with a market cap of…

Magma HDI launched the ‘Women’s Motorcycle Rally’ as a part of its insurance awareness campaign “Insurance Edutho?” in Kerala. Magma HDI was appointed the lead insurer for Kerala by IRDAI…

Shares of LIC, surged 10% to hit an eight-month high on expectation of double-digit growth in new business premiums.The insurer is expecting higher growth, chairman Siddhartha Mohanty recently said. Life…

Saraswati Paul had applied to the State Bank of India, Radhanagar Branch, for a loan for her grocery business. A loan of Rs 8.99 lakh was sanctioned on March 28,…

Ajmer Vidyut Vitram Nigam had several stores in Sikar. The goods kept in the stores were insured under a Standard Fire and Special Perils Policy and under a Burglary Policy,…

Observing that from five months a foetus in its mother's womb till birth can be treated as equal to a child in existence, a motor accidentclaims tribunal, in perhaps the…

The detective department has nabbed an insurance company executive who allegedly changed registered phone numbers of several policy holders of the firm — one of the biggest in India —…

Non-disclosure of existing health conditions is the main reason for insurers to reject claims. Around 25% of health insurance claims are rejected because the insured had pre-existing conditions like diabetes…

Speeding accounted for seven out of every 10 deaths on Indian roads in 2022 as road fatalities hit a record 1,68,491 with another 4.4 lakh injured, including close to 2…