LIC has launched a New Pension Plus plan. According to the state-run company, LIC New Pension Plus is a non-participating and unit-linked pension plan. The plan is suitable for young…
The government and life insurer LIC, which together own 94.71 per cent stake in IDBI Bank, are weighing in on selling at least 51 per cent stake in the lender,…
LIC is keen to re-enter the mediclaim segment as and when the regulator provides clarity on the issue, its chairman has said. "We are already doing a lot of long-term…
LIC, has invested Rs. 34,000 crore in equities in the first quarter of the financial year.MR Kumar, Chairman, LIC said, “We are contrarian in our investment philosophy, so we thought…
LIC has broken into the latest Fortune Global 500 list, while Reliance Industries has jumped 51 places. The nation’s biggest life insurer with revenue of USD 97.26 billion and a…
LIC has roped in Milliman Advisors to derive its embedded value (EV) as on September 2022. Milliman had ascertained the embedded value for the insurer before its initial public offering…
LIC reported a multi-fold increase in net profits to Rs 682.88 crore for the quarter ending June compared to a profit of Rs 2.94 crore in Q1FY22. It may be…
Shares of LIC fell over 1 percent trade even as LIC said it has witnessed a decline of nearly 20 percent in death claims in the first quarter of this…
A selection panel of the Ministry of Finance (MoF) has selected eight new Insurance Ombudsmen for various centres across the country. Atul Sahai, former CMD, New India Assurance (NIA) has…
Life insurance companies witnessed a modest increase of 4.15 per cent in their collective new business premium at Rs 31,254.55 crore in June, data from IRDAI showed. The 24 life…