Covid helped in Insurance awareness
The ongoing pandemic situation has accelerated the knowledge and ownership of insurance in the country, and this is reflected in the findings of the latest edition of 'India Protection Quotient'…
LIC keen to divest its stake in IDBI Bank: Report
The country's biggest institutional investor Life Insurance Corporation of India (LIC) is keen to divest its stake in IDBI Bank reported quoting government sources. However, the report added that…
Cyber insurance premiums rise 20% on higher claims
Premium on cyber insurance covers has risen by nearly 20% for corporates, as insurers witness a surge in cyber-attackswhich will result into more claims. Future Generali India Insurance (FGII) said…
Beware of cyber frauds in insurance: IRDAI
The Insurance Regulatory and Development Authority of India (IRDAI) has cautioned the general public about cyber fraudsters in insurance. "There are occasional reports of fraudsters offering insurance with unusually low…
LIC postpones LIC AE AAO Prelims Exam 2020
LIC has postponed the preliminary exam for the post of Assistant Administrative Officer (AAO) Specialist, Assistant Engineers (A.E) Examination on its official website. All such candidates who have to appear…
LIC hopeful to sell 25 mn individual policies before March 31
LIC is hopeful to achieve its fiscal target of selling over 25 million individual policies along with a premium collection of above Rs 55,000 crore before March 31, 2020, while…
LIC Mutual Fund Trustee to get Ashok Paranjpe as an independent director
Managing Partner of Mumbai-based law firm MDP & Partners, Ashok Paranjpe, will be joining the board of LIC Mutual Fund Trustee Pvt. Ltd. as an Independent Director. Paranjpe began his…
LIC launches two new ULIPs, opens two new offices in Puducherry
LIC has launched two new unit-linked plans, Nivesh Plus and SIIP while opening two new offices in Puducherry. Chief Minister V. Narayanasamy has marked the opening of a city sales…
Coronavirus in India: LIC extends premium payment deadline
Keeping the policyholders’ convenience in mind, so that they will be able to pay the insurance premium timely even amidst the COVID-19 outbreak, LIC has made an extension to the…
ICICI Lombard General rolls out COVID-19 Protection Cover
ICICI Lombard General Insurance has announced the roll-out of COVID-19 Protection Cover in the mode of group insurance. This policy on the diagnosis of COVID-19 positive will pay 100% of the…