LIC emerged as a market leader in Bahrain, No. 3 in the UAE
Life Insurance Corporation (LIC) - India's top life insurer has emerged as the market leader in Bahrain, part of the Gulf Cooperation Council (GCC), despite tough competition from close…
AAM ADMI BIMA YOJANA from LIC
Ministry of Finance, Government of India has approved the merger of Social Security Schemes viz., Aam Admi Bima Yojana (AABY) and Janashree Bima Yojana (JBY). The merged scheme is…
LIC holds strong banking linkages
Life Insurance Corp. of India or LIC is ranked as the country's 11th largest insurer in terms of loans. It owns significant equity stakes in Indian banks which makes…
Life Insurance sector triggers 20% growth in Q1
The life insurance industry has sold additional 60% Group Single Premium policies, mopping up Rs.12,861 cr in the quarter as against Rs.8,016 cr in the same period last year. 54.6%…
LIC elevates 2 women to top brass
Life Insurance Corporation (LIC) is continuing with its trend to place female employees in a bigger role. The trend began with the appointment of Usha Sangwan, who was the…
IRDA dwindle distributors commissions
The Insurance regulator under the proposed new rules has decided to reduce the commissions that take a big bite out of initial premiums, as much as 25-30% of the…
Interview with Mr. Sushobhan Sarker, Director of NIA
"NIA should transform itself rapidly to be a global institution of excellence in learning and research in Insurance, Pension and allied areas." For the first time, in the annals…
LIC soon to operate in Bangladesh
Life Insurance Corporation of India (LIC) has been allowed to form a joint venture in Bangladesh, becoming the second foreign insurer to operate in the country officials said. …
DD, AIR to publicize claim settlement of PM’s insurance schemes
The finance ministry is seeking wide publicity for the claim settlement procedures under the two insurance schemes announced by the Prime Minister in May. The idea is to highlight…
Report of the Committee recommendation for curbing mis-selling and rationalising distribution incentives in financial/Life Insurance products
Background Regulating the financial sector is a tightrope walk in any jurisdiction, but more so in a country like India. On one hand, loose regulations can result in fraud or…