LIC had an asset base of Rs 56.23 lakh crore as of June , 2025...
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Sebi approves LIC’s reclassification as public shareholder in IDBI Bank post completion of its strategic disinvestment
The voting rights of LIC will not exceed 10% of the total net...
GST Council to meet on Sep 3-4 to discuss moving to a two-rate structure
Nirmala Sitharaman,Union Finance Minister The council, comprising...
Irdai to collect larger socio-economy data to push insurance penetration: Member
B C Patnaik, Member (Life) The rising customer expectations requires the insurers to work towards shorter processing time, doorstep delivery, niche and customized products to ensure more and more customer engagement,Tablesh Pandey, managing director, Life Insurance...
Irdai chief stresses spreading of natural calamity covers in high-risk regions
Debasish Panda, Chairman,Irdai, is addressing an international seminar on ``Enhancing Insurance Inclusivity & Bridging the Protection Gap in India’ organised by National Insurance Academy in Mumbai Releasing the report, Irdai Chairman Debasish Panda said spreading...
HDFC Life has launches a new product
HDFC Life has launched a new product - HDFC Life Click 2 Achieve, a guaranteed savings life insurance plan. The plan is designed to safeguard the future of loved ones’ and attain their financial objectives.Aneesh Khanna, Head – Products & Segments, HDFC Life said,...
Cyclone Michaung: Economic and Insured losses of Chennai floods will be much less than 2015 event
Preliminary estimate of 5th December devastation out of Cyclone Michaung in Tamil Nadu indicate the economic losses of around Rs 12,000 crore for the state and insured losses limited between Rs 1,500 crore to Rs 2000 crore Chennai: With all its fury and...
Insurers heavily exposed to climate change, global watchdog says
Insurers continue to have "material exposure" to climate change through investments in fossil fuels and energy-intensive industries, as well as through their underwriting of natural catastrophe risk, the global insurance watchdog said London: Insurers are heavily...
AXA explores $1.1 bln disposal of European protection businesses -sources
The transaction could include businesses in France, Italy, Spain and part of the UK, which all sit under the group’s AXA Partners division AXA is considering selling some of its protection insurance businesses across Western Europe in a deal that could be worth up to...
LIC reclaims Rs 5 lakh cr market cap; stock hits 52-week high
''We believe that LIC has a strong marketing agency force, while most focus has been on par policies, the agency team is capable of selling non-par policies as well,'' the analyst said Mumbai: The Life Insurance Corporation of India on Thursday reclaimed market...
LIC emerges as the 4th largest global life insurer in S&P’s new ranking
Allianz SE, China Life Insurance Co. Ltd. and Nippon Life Insurance Co. are the three largest life insurance companies in the world, said S&P which released its list of top 50 life insurers in the world, ranked by their life and accident & health reserves, one...
LIC intends to set up office in GIFT City during this financial year
"We are going to open our branch very soon in the GIFT City. It should happen during the current financial year itself. This will enhance our foreign operations," LIC Chairman Siddhartha Mohanty . New Delhi: Life Insurance Corporation (LIC) is planning to open office...
LIC amends norms for inclusion of shareholders’ directors on its board
The person elected as a shareholders' director would be appointed by the board for a term of 4 years and eligible for re-election and re-appointment for another term of 4 years, it added New Delhi: State-owned insurer LIC on Saturday said it has amended a framework to...