Life Insurance Company has better record of paying death claims than that of private life insurers, said regulator IRDA in its latest report. "The claim settlement ratio of LIC appeared…
The Insurance Regulatory and Development Authority (IRDA) said that since opening up of Indian insurance sector for private participation, India has reported a fall in the insurance density for the…
Terming the finance ministry’s plans to hike the investment ceiling for state-owned Life Insurance Corporation to 30 per cent as ‘imprudent’, insurance regulator IRDA recently called for a more conservative…
The Chhattisgarh state consumer dispute redressal commission (CSCDRC) has modified the order passed by district forum directing LIC to pay Rs 1,40,000 to the nominee of an insured resident of…
Bucking the industry trend, ICICI Prudential Life Insurance has reported 7 per cent increase in premium collection in the April-October period. ICICI Prudential premium collection, which is a reflection on the…
Premium collected by life insurance companies dropped 3.45 per cent in the April-October period due to various factors that are influencing the financial sector as a whole. As per the…
Dubai It did not take long for investment-specific insurance products to take the fall from being viewed as the next big thing for NRI investors to its present status as…
Is the government taking Life Insurance Corporation of India’s (LIC) motto, Yogakshemam Vahamyaham, too seriously? The phrase attributed to Lord Krishna in the Gita, roughly translates as “I will ensure…
Let’s turn on its head, the argument about whether LIC should invest up to 30 per cent in any company’s equity. The government says it is the right decision, but…
Life Insurance Corporation of India (LIC) and the Employee Provident Fund Organisation (EPFO) have decided to fully subscribe to the Rs.7,400 crore bond issue of Air India, thus giving a…