Customers loyal to LIC the most, followed by Kotak Life
Life Insurance Corporation of India (LIC) has held on to its position as a brand that customers are most loyal to, but it is fast losing the huge lead it…
LIC Chairman S K Roy resigns before term ends
S.K. Roy, the head of Life Insurance Corp (LIC), the biggest single investor in the country, has tendered his resignation two years before his term was due to end. Roy…
LIC to get 1.6 million shares on discount
LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs 97.95. Even so, there's a rider. The bank has mentioned in…
LIC increases stake in Auto industry
Life Insurance Corporation increased its stake in all the three listed automobile companies, Maruti Suzuki, Tata Motors and Mahindra & Mahindra. The country's largest institutional investor also raised its stake…
LIC’s Gulf arm tops overseas chart
LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that manages the GCC markets becoming the best among its eight international subsidiaries in…
LIC uses market volatility to raise stake in companies
Life Insurance Corporation of India has used market volatility during the March quarter to raise its stake in companies on the Sensex, including Housing Development Finance Corporation (HDFC), HDFC Bank,…
LIC wants Axis bank to sell its life products
LIC owns about 15% in Axis Bank, but now it's pushing Axis bank to sell insurance policies through its more than 2,500 branches, testing its existing partnership with Max Life.…
LIC eyes to double policy sales at 4 crore; intends to hire 2 lakh agents
LIC is aiming to double its business in terms of new policy issuance to four crore in the current fiscal and will hire two lakh new agents to augment its…
OPERATIONAL CHALLENGES AND SWOT ANALYSIS OF BANCASSURANCE IN INDIA
Introduction: Liberalizations and deregulation of the financial sector, the greater use of financial engineering techniques and models, significant advances in information technology and consumer demands have all resulted in greater…
Life Insurance Council gets executive council
The Life Insurance Council has elected its first Executive Committee. The Executive Committee will have one representative each from Life Insurance Corporation of India (LIC), Reliance Life Insurance, Bharti…