The RISE & RISE of LIC
1)Â Â Â Definition of Globalisation. LPG--Liberalisation, Privatisation & Globalisation World has become boundaryless. Mingling of cultures & customs of different regions.
LIC launches two new insurance policies
Life Insurance Corporation (LIC) launched two new policies, including a unit linked insurance plan. Flexi Plus, a unit linked insurance product, not only provides a lump sum benefit on death but…
Insurance Regulatory and Development Authority chief differs with finance ministry over new post
There is a difference of opinion between the chairman of the Insurance Regulatory and Development Authority (IRDA) and the finance ministry over the creation of a new post in the…
Life Insurance Companys record of paying claims better than pvt insurers: IRDA
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…
Insurance density falls for first time in India: IRDA
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…
IRDA rules out hiking investment limit for insurers
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…
Insurance: Commission modified the order passed by district forum
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…
ICICI Prudential Life Insurances premium collection rises 7% in Apr-Oct
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…
IRDA News: Life insurer’s premium mop-up drop 3.45 pc in Apr-Oct
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…
Insurance options for NRIs
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…