January 2024

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…

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,…