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LIFE INSURANCE CORPORATION NEWS

‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’

December 03, 2019 1:31 am

"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).

MACT absolves insurance firm as claimants file fake policy number

LIC invites bids for merchant bankers for stake sale in ‘unlisted company’

November 12, 2019 1:18 am

As the crossholding rules of market regulator Sebi applies to all the four promoters, they will have to bring down the stake in UTI Mutual Fund below 10 per cent and give board seats.

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LIC Assistant recruitment for 8000 posts: Registration closing today, check how to apply

October 01, 2019 11:17 am

LIC Assistant recruitment 2019: Candidates who are above the age of 18 and hold a bachelor's level or equivalent degree can apply for the post at licindia.in.

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LIC listing back on agenda, as govt looks to give disinvestment a boost

July 29, 2019 7:07 am

If the LIC shares are listed on stock exchanges, it could easily emerge as the country’s top listed company in terms of market valuation, overtaking current leaders Reliance Industries Ltd and Tata Consultancy Services.

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LIC ADO admit card 2019 released: Check how to download, exam pattern

June 29, 2019 1:31 pm

LIC ADO admit card 2019: The one-hour 100 marks exam will be conducted from July 6 to 13, 2019. Selected candidates will be shortlisted for Mains. The admit card or LIC ADO call letter is available at licindia.in.

Irdai panel may identify LIC as systematically important insurer

March 22, 2019 12:20 am

Insurance sector officials are not sure whether any other life insurer or a general insurance player other than GIC Re will qualify for the status. The committee headed by Pravin Kutumbe, Member-Finance & Investment, Irdai, has been asked to submit report in six months.

LIC's market share falls below 70 per cent

January 13, 2019 3:16 pm

During 2017-18, life insurers issued 281.97 lakh new individual policies, out of which LIC issued 213.38 lakh policies or 75.7 per cent of the total new policies issued and the private life insurers issued 68.59 lakh policies (24.3 per cent).

LIC profit rises by 32 per cent to Rs 25K crore

December 10, 2018 12:46 am

After distributing 95 per cent of surplus to policyholders, balance Rs 2,430.19 crore is government’s share.

Upward movement of MCLR leads to hike in lending, deposit rates

RBI cancels meeting with IL&FS shareholders

September 27, 2018 4:15 pm

IL&FS group is facing serious liquidity crisis and has defaulted on interest payment on various debt repayments since August 27. It has over Rs 91,000 crore in debt.

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LIC board decides modalities for stake hike in IDBI Bank

September 05, 2018 1:19 am

Sources said LIC board has decided on appointment of a merchant banker and a legal advisor to carry out the acquisition process.

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LIC Assistant Prelims Admit Card 2019 released: Steps to download

October 16, 2019 2:03 pm

LIC assistant prelims admit card 2019: The Life Insurance Corporation of India (LIC) has released the admit card for the preliminary examination. It will remain available on the website till October 22, 2019