New amendments makes rejections to claims tight: LIC Chief
Life insurance companies will find it almost impossible to reject claims in future because of an amendment to Section 45 of the Insurance Act that allowed companies to call…
All investment decisions routed after due diligence: SK Roy
Life Insurance Corporation chairman S. K. Roy is of the fact that Corporation which manages assets worth Rs.17 lakh crore is set to regain the 75 per cent market…
LIC’s recruitment drive for 2 lakh new agents
With the soaring aim to acquire its market share from private sector companies, Life Insurance Corporation is planning to hire two lakh agents (distribution) across the country in the coming…
Canara bank inks memorandum with LIC
Canara Bank has entered into a MoU with Life Insurance Corporation of India for offering the Pradhan Mantri Jeevan Jyoti Bima Yojana Insurance cover to all its eligible customers. Canara…
Insurance behemoth’s exposure in equity portfolios on rise
The financial sector has a pride of place in the equity portfolio of government-owned Life Insurance Corporation of India (LIC), with 53 of its 309 large picks from the sector. …
LIC eyes Rs.31,000 cr first premium
Life Insurance Corporation of India (LIC) is looking to collect at least Rs.31,000 crore as first year premiums from insurance product sales in 2015-16. Not only this it is…
Life Insurance Council takes into custody PMJJBY viability
Life Insurance Council is working hard towards making the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) attractive for its member companies apprehending its viability under the present pricing policy.…
LIC surplus jumps by 10.33% in FY 15
Life Insurance Corporation of India (LIC) reported a surplus of Rs.1,803.05 crore in FY 15, up 10.33 per cent over the previous year. The surplus in policy holders' accounts…
LIC gears up with the recruitment of apprentice officers
Life Insurance Corporation of India (LIC) will recruit 5,066 people for the post of Apprentice Development Officers in its various zonal offices. The total number of vacancies, including those…
LIC commits Rs. 1.5 lakh cr investment in Railways
Life Insurance Corporation had committed to invest Rs 1.5 lakh crore in Indian railways over the next five years. As per the terms of the MOU inked by the two…