Life Insurance Corporation has increased interest rates on loans against policies thereby shutting an arbitrage opportunity for policyholders. The corporation has also increased interest rates on delayed payments. Until recently the corporation […]
LIC set to revise Term cover premiums
The country’s largest insurer, Life Insurance Corporation of India, plans to reduce its term insurance rates. Term insurance policies refer to those covers where the insurance company makes a pay out only […]
LIC pays dividend to government
D.K. Mehrotra, Current-in-charge Chairman of the Life Insurance Corporation (LIC) of India, handed over a cheque for Rs 11,37,99,41,904 to Pranab Mukherjee, Union Finance Minister, in New Delhi. D.K. Mittal, Secretary, Department […]
LIC Jeevan Vriddhi
Source : ET Dt. 12.03.2012 Get Jeevan Cover and Higher ‘Vriddhi’ in Maturity Gains Product Details LIC’s Jeevan Vriddhi is a single premium policy with a 10-year term that offers guaranteed returns […]
LIC is number ONE in claim settlements
Life Insurance Corporation remained well ahead of private rivals in living up to the purpose of insurance by settling 97.03% of claims in 2010-11, helping the state-run giant retain its market dominance […]
Pvt Life insurers policy issuance dips 35% since April
According to the data collected by the Insurance Regulatory Development Authority (Irda), during 2011-12, life insurance industry sold close to 19.6 million policies, 15.31 per cent lower, compared to 23.14 million policies […]
LIC to buy 10% stake in Kingfisher ?
In an interesting turn of events, the government has decided to ask the Life Insurance Corporation (LIC) to consider picking up 10 per cent stake in the troubled Kingfisher Airlines. The government […]
Now maturity proceeds of LIC policies through Federal Bank
Federal Bank has signed a pact with the country’s largest insurer Life Insurance Corporation of India (LIC) for paying maturity / survival / money back proceeds of policies. Till now, the maturity […]
PNB to buy 30% in Metlife India
Punjab National Bank (PNB), the country’s second-largest state-run lender, said it would buy 30 per cent stake in private life insurance company Metlife India to mark its foray into the life insurance […]
Sovereign Guarantee for all policies issued by LIC will continue by Govt
Sovereign guarantee for all policies issued by Life Insurance Corporation ( LIC ) will continue, a government official said, allaying fears of millions of clients of the country’s largest life insurer. The […]
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