The Life Insurance Corporation of India has managed to record double-digit growth in FY21 despite new business premium lagging the previous fiscal until February, 2021. The corporation’s chairman M.R. Kumar…
In Q2, Indian insurers netted new business premium to the tune of Rs 75,392 crore, with LIC witnessing a rise of almost 14 per cent to Rs 51,488 crore. NBP…
According to the latest data from the insurance regulator, despite the blow from the pandemic, private life insurers have continued to corner market share shows. Private sector life insurers have…
Moving to digital initiatives for improved customer servicing in the ongoing pandemic, LIC said it has introduced an online facility for switching of funds under unit-linked policies. "Online facility for…
Life insurers reported a 32 per cent jump in new business premiums (NBP) in October, helped by healthy growth in single premiums and group non-single premiums. This comes after the…
Life Insurance Corporation of India launched its first Digital Application, “ANANDA”, an acronym for Atma Nirbhar Agents New Business Digital Application, recently. The Digital application is a tool for the…
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…
LIC has booked profits of Rs. 14,857 crore for April-September 2020, against Rs. 11,437 crore for the same period last year, showing a growth of 30.37 per cent. LIC's investment…
Covid-19 has put the spotlight on the need to insure lives, and the pandemic could well be the "penny drop" moment for an industry that had hitherto struggled to sell…
LIC will likely invest an estimated Rs. 2 lakh crore in bonds and equities through the rest of FY 21 as it expects demand for protection and cover age to…