LIC

Introduction             Life Insurance Corporation of India or LIC has launched a new individual, savings and whole life insurance plan. The scheme is an unaffiliated, non-participating scheme. It is a…

According to the exchange filing, the product, which will be available from 22 January 2023, is a non-linked, non-participating, individual savings deferred annuity plan. In November, LIC had launched a…

The Life Insurance Corporation of India (LIC) on Friday announced the launch of a non-participating product - 'Amritbaal'. It is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. The plan…

LIC, promoter of IDBI Bank, has said it plans to retain a part of its stake in the lender to harness the benefits of the bancassurance. Along with the government,…

Life Insurance Corporation of India (LIC) crossed the Rs 5 trillion market capitalisation mark in intra-day trade. LIC shares hit an intra-day high of Rs 800 before settling at Rs…

LIC is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence.…

As part of its digital transformation exercise, LIC is exploring the possibility of setting up a fintech unit. LIC has initiated a total digital transformation project DIVE (Digital Innovation and…

LIC has now put in place a framework for appointment of ‘shareholders’ director’ in its board. This framework — which has been introduced through a new regulation — comes 18…

LIC has notified an increase in gratuity limit to Rs 5 lakh from Rs 3 lakh for its agents.The increase was effected by amending the Life Insurance Corporation of India…

LIC said, the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule. The rule says a listed entity with a market cap of…