The government is nudging India's largest local investor, the state-owned Life Insurance Corporation, to exercise greater control, including seeking more board seats if needed, in some of…
The Life Insurance Corporation (LIC) of India will open 300 mini offices across the country by month-end, said Thomas Mathew T, the Chairman-in-charge, LIC, adding that the…
The Insurance Times group has entered into 33 years of successful publication of journals and books on Insurance in India. The journal has a PAN India…
According to D K Mehrotra, chairman, Life Insurance Corporation of India, for the year ended March 31 2012, the company settled a total of 185.70 lakh claims with an amount…
Country's largest insurer LIC is expecting a 15 per cent growth in first premium income during the ongoing fiscal after recording a de-growth in 2012-13.
The Life Insurance Agents’ Federation of India (LIAFI), South Central Zonal Council, has said the Insurance Laws (Amendment) Bill, 2008, proposed to be tabled in Parliament would affect the Life…
Pension fund regulator PFRDA has chosen state-run LIC as the default annuity service provider for subscribers exiting from New Pension System (NPS) and seeking withdrawal of accumulated pension wealth.
The life insurance industry continues to face the menace of mis-selling. Even the finance minister publicly admonished insurers on the practice. The industry recorded a degrowth of insurance premium in…
Responding to the call of central trade unions for two-day nationwide strike, the employees associated with different trade unions went on strike in Varanasi on Wednesday. The strike affected services…
The size of funds managed by insurers in the country is expected to reach a whopping level of Rs 30,00,000 crore over the next five years, marking a 70 per…