LIC

LIC said the government has appointed R Doraiswamy as the managing director. Doraiswamy is currently the executive director at the central office in Mumbai. He has been appointed as managing…

LIC’s has reported a standalone net profit at Rs 9,543.71 crore for the quarter ended June as against a profit of Rs 682.88 crore in the corresponding quarter of last…

LIC said it has acquired 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. “… Corporation has acquired 6.660…

Life Insurance Corporation of India announced various reliefs for claim settlements of victims of the triple train accident in Odisha’s Balasore district. The national insurer said it will expedite claim…

LIC is hopeful that the next set of proposed reforms to the insurance sector will soon go through Parliament, fuelling the pace at which the country marches towards “insurance for…

The chairman of LIC is likely to get another term in office. Highly placed sources said that MR Kumar, Chairman, LIC, may get another 6–12 months of additional term in…

LIC introduces Jeevan Azad LIC has introduced a new plan LIC’s Jeevan Azad. This is a non-participating, individual, savings life insurance plan which offers a combination of protection and savings.…

LIC may take a call on composite licence clause after the passage of Insurance Laws (Amendment) Bill in Parliament, sources said. As per the proposed Bill, an applicant may apply…

Life Insurance Corporation (LIC) of India has gained almost 4.5 percentage points market share in the current financial year (2022-23, or FY23) in new business premium (NBP) from private players,…

Life Insurance Corporation's (LIC's) shares jumped 5.85 per cent following its July-September quarter (Q2FY23) earnings where it reported a multifold jump in net profit due to a change in its…