LIC has booked record Rs.25,000 crore profit in FY18 share sales
LIC has booked record equity share trading profits of Rs.25,000 crore in the financial year 2017-18, up from Rs.19,000 crore a year ago, according to sources. LIC held equity assets…
LIC sells 88750 cancer policies
Life Insurance Corporation has sold 88,750 cancer policies across India after 5 months of the launch of its unique cancer cover, with a sum assured of up to Rs 50…
LIC a big Investor in many companies involved in Bankruptcy Process
LIC has been an big investor in many companies which are in the list of applications admitted by National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code, 2016…
LIC posts 11.47% jump in premium income to Rs.2.23L cr
Life Insurance Corporation of India has reported an 11.47 per cent rise in premium income at Rs 2,23,854 crore for nine months ended December 2017 as against Rs 2,00,818 crore…
LIC’s JEEVAN LABH
LIC's JEEVAN LABH (UIN: 512N304V01) LIC's Jeevan Labh is a limited premium paying, non-linked, with-profits endowment plan which offers a combination of protection and savings. This plan provides financial support for the family…
LIC will continue to hold on to its stake in Punjab National bank
Life Insurance Corporation of India (LIC), one of the largest institutional investor in PNB with 13.93% stake will continue to hold on to its investment. LIC had recently increased its…
AU Small Finance Bank signs MoU with LIC to offer PMJJBY
Banking finance company AU Small Finance Bank has signed a MoU with LIC to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a company official said. Under the MoU, LIC…
LIC told to pay up over faulty increase in annual premium
District Consumer Disputes Redressal Forum directed Life Insurance Corporation of India to refund around Rs 82,500 along with 9% interest per annum and pay Rs 35,000 as compensation for changing…
Interview with Ms.Usha Sangwan, Managing Director of LIC
Ms.Usha Sangwan, Managing Director, LIC spoke to Dr. Rakesh Agarwal and Dr. A. K. Chattoraj 1. What is the impact of demonetisation on the insurance industry? Ans. Initially, there…
LIC to hold 15% stake in IIFCL
The government has finally selected India Infrastructure Finance Co Ltd (IIFCL) as the lead promoter of a credit enhancement guarantee fund. The propaganda was announced in the February…