300 Life Insurance Corporation mini offices to come up by month-end
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…
Guide for Direct Recruit Exam for the post of Assistant in 4 PSU insurance companies – Exam in July 2013 – Last date of registration for exam 8th June 13
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…
LIC has near 100% claim settlement record
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…
LIC eyes 15% rise in first premium income in FY 14
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.
LIC agents oppose Bill
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…
LIC chosen as default NPS annuity service provider
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.
Life insurance industry needs to tackle mis-selling of policies
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…
Union strike hits banking, insurance services
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…
Insurance industry assets to touch Rs 30 lakh cr in 5 yrs: IRDA
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…
Complex agenda for new insurance regulator chief
J Hari Narayan, chairman of the Insurance Regulatory and Development Authority, completed an eventful five-year term. He will be remembered as someone who controlled the euphoria of insurers, came down heavily…