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Life Insurance Corporation of India (LIC) News
Life Insurance Corporation of India (LIC)
LIC policy benefit: Know how section 10 helps you save income tax
Mon, Jul 22, 2019
LIC policy benefit: Section 10 lends a helping hand to taxpayers who are looking to reduce their taxes.
LIC policy: Get guaranteed return of Rs 1 lakh to Rs 5.4 lakh, pay just Rs 341 to Rs 5,118 premium in Jeevan Aadhaar plan; tax benefit available too
Mon, Jul 22, 2019
LIC policy: Among major highlights of this plan is that, premium begins at a cheap Rs 341 a month, with guaranteed return starting from Rs 1 lakh.
LIC policyholder? Beware of these frauds to save your money - Check do's and don’ts
Sat, Jul 20, 2019
Fraudsters are misleading people posing as LIC officials, agents, IRDA officials and others.
Good news for IDBI customers: Strike called off, ATMs to work on March 30
Fri, Mar 29, 2019
A hunger strike was announced by the IDBI Bank's all-India Officers’ Association on March 26 2019.
Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb
Thu, Mar 14, 2019
India's life insurance industry witnessed a rise of 32.7 per cent in its collective new premium income at Rs 18,209.50 crore during February 2019, data from Irdai showed.
LIC AAO Recruitment 2019: 590 posts up for grabs; know all details here
Tue, Mar 05, 2019
The candidates will have the online examination – Preliminary (tentative) on 4 and 5 May 2019. For Online main Examination(tentative) is on 28 June 2019.
Want the best term insurance plan? Read these 5 warnings first
Mon, Mar 04, 2019
A life insurance policy is a financial cover for an emergency that could visit a person any time that could lead to an accident and result in a disability, even death. Human life endangered due to natural, accidental or other causes. This is why it becomes essential to have term insurance.
New LIC New Group Leave Encashment Plan: What is it and who can benefit
Mon, Mar 04, 2019
LIC New Group Leave Encashment Plan: New Group Leave Encashment Plan by the Life Insurance Corporation of India (LIC) is an insurance plan for companies or business owners who employ a workforce.
How much life insurance do I need? The answer explained here in just 5 brief points
Fri, Mar 01, 2019
Director, A&M Insurance Brokers, Sumit Wadhwa told Zee Business Online, ''The person should seek the help or advice of an insurance agent or broker to get the best cover plan suitable for his/her needs. The agent will understand the insurance needs and suggest the right type of cover plan''.
Benefits of life insurance: In 5 simple points, this is what it provides to family
Thu, Feb 28, 2019
Benefits of life insurance: Life Insurance is not just a piece of paper, in fact, it is a financial cover for an emergency that could hit a human life anytime. Well, its a fact that human life is subject to risks of death and disability due to natural, accidental causes or other reasons.
LIC acquires additional 2% stake in Indiabulls Housing Finance
Sat, Feb 10, 2018
With this deal, LIC will now hold 9.33% share in Indiabulls Housing Finance
NHAI raises Rs 10,000 crore from EPFO; LIC to invest Rs 8,500 crore
Thu, Nov 24, 2016
"Life Insurance Corporation (LIC) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year. The terms and conditions are under negotiations," Radhakrishnan said.
FinMin ask banks, LIC to keep watch on Tata group developments
Sun, Nov 06, 2016
In Tata Power LIC owns 13.1% stake, 7.13% in Tata Motors, 8.8% in Indian Hotels and 9.8% in Tata Global Beverages.
LIC Employees Federation urges implementation of SC order
Sat, Sep 24, 2016
The All India National Life Insurance Employees Federation has urged the management of the Life Insurance Corporation of India (LIC) to immediately implement the Supreme Court order to pay 50 per cent back wages to temporary III and IV grade employees, who were asked to be regularised.
BSE IPO: Singapore Exchange may sell its entire stake
Sun, Sep 11, 2016
The shareholders are likely to sell nearly 27% of the entire in the IPO offer through the Offer For Sale route (OFS). It is likely that the Singapore Exchange may sell its entire 4.7% holding in the domestic exchange in the IPO.
After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC
Fri, Jul 29, 2016
Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”
Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders
Sat, Jul 23, 2016
In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).
LIC may buy Rs 30,000 crore of SUUTI's assets
Wed, Jul 13, 2016
SUUTI has shares in 43 listed and eight unlisted companies.
Max Financial and HDFC Standard talk merger, stock jumps 14%
Fri, Jun 17, 2016
Due to the merger news, the stock of Max Financial Services was trading nearly 14% on the BSE.
Absence of pro-competition policy promotes crony capitalism: Arun Jaitley
Sat, May 21, 2016
Citing an example of Russia, he said, the country went in for a lot of privatisation without emphasis on pro-competition resulting in the creation of oligarchs.