Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry today permitted the state-owned Life Insurance Corporation (LIC) to invest up to 30 per cent in a…
A fresh tussle between the government and a regulator has burst out into the open, with the finance ministry allowing Life Insurance Corporation (LIC) to own up to 25% of…
After reporting moderate growth over the past few months, the premium collected by private life insurance companies declined 9% year-on-year (y-o-y ) in September. The poor show impacted the performance…
State-run general insurance companies are setting up a common third-party administrator to settle medical insurance claims, a  move aimed at trimming their unwieldy claims ratio and boosting profitability. The claims…
Life Insurance Corporation of India (LIC) has invested up to Rs 8,000 crore in equities in the last six months. The public sector behemoth has an investment target of Rs…
The government has notified appointment of S B Mathur, former chairman of Life Insurance Corporation, as a part-time member of the  Insurance Regulatory and Development Authority. Mathur has been appointed…
According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010
Financial sector companies, led by insurance giant Life Insurance Corporation of India (LIC) and private lender HDFC Bank, have posted a healthy increase in their second quarter advance tax payout…
Recently, a major fire broke out in the Hazratganj, Lucknow office of Life Insurance Corporation (LIC) of India. The fire started at 9:30 pm when the office was closed due…
From a long time, LIC has been demanding such an increase, but IRDA had in the past opposed the move