Thursday, October 28, 2021
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LIC appoints new Zonal Manager for South Central Zone

He has worked in the capacity of Regional Manager (Marketing), Hyderabad and Regional Manager (Bancassurance) Hyderabad.

LIC Housing Finance launches home loan product with EMI waivers

The scheme christened Griha Varishtha is designed for employees or pensioners covered under the Defined Benefit Pension Scheme (DBPS), as per an official statement.

Life insurance firms see 21% rise in new business premium in Feb

LIC's April-February new premium was down 3.01 per cent at Rs 1,56,068.64 crore.

Govt proposes to hike in LIC’s authorised capital to Rs 25,000 cr

The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.

LIC Housing Finance disburses Rs 1,331 cr of loans via mobile app

The 'Homy' app facilitated 14,155 customer home loan applications since its launch on February 14, 2020

Banks unions call for two-day strike against proposed privatisation of PSBs

The government has already privatised IDBI Bank by selling its majority stake in the lender to LIC in 2019 and merged 14 public sector banks in the last four years

BPCL, Air India stake sale by Sept; LIC IPO post Oct: DIPAM Secy

Targeting to raise Rs 1.75 lakh crore from the asset sale to finance projects aimed at reviving the pandemic battered economy, the government is also looking to sell Shipping Corp of India (SCI), IDBI Bank Ltd

SAT sets aside Sebi’s penalty on SBI, Bank of Baroda, LIC

LIC, SBI and BoB are the sponsors of LIC MF, SBI MF and Baroda MF and at the same time, they were holding over 18 per cent stake in both UTI MF and UTI Trustee Company.

LIC’s ‘Ananda’ now one step ahead

This feature was launched by LIC Chairman MR Kumar in the presence of managing directors TC Suseel Kumar, Vipin Anand, Mukesh Gupta and Raj Kumar

Rythu Bima, timely relief for 40,000 families

Insurance claims worth Rs 2,012.15 crore settled so far with each family receiving Rs 5 lakh

Insurance sector’s growth momentum fizzled out in November

"The improvement witnessed in August-October 2020, after the unlocking, fizzled out in November 2020 as the industry reported APE degrowth of 44.4 per cent YoY," it said.

Modi’s heart beats for corporates: Vinod Kumar

Hyderabad: Telangana State Planning Board vice-chairman B Vinod Kumar on Saturday slammed the Centre for its moves to privatise public sector undertakings (PSUs) in...

Finance Ministry invites bids from actuarial firms for valuing LIC

The government plans to sell minority stake in the insurance behemoth and list it on the bourses

Life insurers earn more in Oct selling fewer policies

24 life insurers underwrote a total fresh premium of Rs.22,776.03 crore up from Rs 17,271.86 crore earned during Oct, 2019

LIC expands market share as pvt insurers lose ground

Share of private players on the APE basis weakened the sequential improvement, with the LIC bouncing back big time with 46.8% share (49.2% in July) against the peak of 60.2% in February

LIC launches Jeevan Akshay-VII

Hyderabad: Life Insurance Corporation of India has introduced its new LIC’s Jeevan Akshay-VII, a single premium, non-linked, non-participating, individual immediate annuity plan with effect...

LIC sees 25 per cent growth in new business

Hyderabad: Life Insurance Corporation (LIC) said its new business performance for the year ended March has shown a growth of 25.17 per cent in...

Life insurance sector witnesses 18.6 pc drop in first year premium: CARE Ratings

The overall sum assured also declined 12.9 per cent to Rs 8.8 lakh crore in the June 2020 quarter, compared with Rs 10 lakh crore in the corresponding period of the previous year.

India’s GDP growth likely to range up to 1.5 pc in FY21: CII

In the optimistic scenario, which envisages a faster pick-up post the lockdown period, the GDP is forecast to register a growth of 1.5 per cent in the best case.

LIC extends grace period for premium

For February premiums where grace period was expiring after March 22, a relaxation is allowed upto April 15

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