Case Title: Life Insurance of India Ltd. vs Geeta Madhavrao Damahes & 2 Ors. Summary The National Consumer Disputes Redressal Commission (NCDRC) denied Life Insurance of India's (LIC) Revision Petition…
GST removed on health and life insurance premiums: Key savings for policyholders Starting today, health and life insurance premiums are exempt from Goods and Services Tax (GST), providing significant relief…
LIC’s Premium Collection Rises 3.31% in Q1FY26 to Rs. 59,410 Crore Life Insurance Corporation of India reported a 3.31% year-on-year growth in total premium collection to Rs. 59,410 crore for…
The Life Insurance Corporation of India (LIC) has entered into a memorandum of understanding with the Department of Rural Development to accelerate the rollout of its Bima Sakhi Yojana, a…
Case: Life Insurance Corporation of India vs. Dr. Nilam Hetalkumar Patel & 4 Ors. Summary The Life Insurance Corporation of India (LIC) faced a decision from the Gujarat State Consumer…
Case Title: A Devika v. The Senior Branch Manager and Another Summary of the Case:The Madras High Court ruled that an insurance company is only responsible for disbursing the policy…
Life Insurance Corporation of India v. Om Prakash Citation: 2024 INSC 870 Court: Supreme Court of India Date: November 13, 2024 Overview: This case involved a dispute over the repudiation…
Overview [caption id="attachment_27461" align="alignleft" width="300"] Critical Analysis of Life Insurers [/caption] The Indian life insurance industry demonstrated steady growth in premium income, reflecting resilience and adaptability amidst evolving market conditions. Total…
The Life Insurance Corporation of India (LIC) is reportedly exploring a foray into the health insurance sector through a strategic investment in a standalone health insurance company. As rumors swirl,…
Life insurance companies in India reported a 13.16% year-on-year (Y-o-Y) growth in new business premium (NBP) for October 2024, collecting a total of Rs. 30,347 crore. This growth was largely…