by AIP Online Bureau | Dec 16, 2024 | Indian News, Life
As many as 3,72,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. During the previous year, he said, the amount worth Rs 815.04 crore belonging to 3,73,329...
by AIP Online Bureau | Dec 9, 2024 | Indian News, Intermediaries, Life
Siddharth Mohanty, MD and CEO, Life Insurance Corporation Talking about proposed changes in the Insurance Act, LIC MD and CEO Siddharth Mohanty said composite licensing boosts the industry and LIC has no issue with it. The proposed changes in the Insurance Act only...
by AIP Online Bureau | Dec 9, 2024 | Indian News, Life, Policy
Prime Minister Narendra Modi is handing over Certificates to one of the Bima Sakhis in Panipat Under the scheme, the woman agents will also get a stipend of Rs 7,000 per month for the first year, Rs 6,000 per month in the second year and Rs 5,000 per month in the...
by AIP Online Bureau | Dec 8, 2024 | Indian News, Intermediaries, Life, Policy
Prime Minister Narendra Modi Aiming to provide rural women with job opportunities as insurance agents, a woman agent in LIC Bima Sakhi Yojana will earn Rs 7,000 per month in the first year, Rs 6,000 in the second year and Rs 5,000 by the third year. Additionally, an...
by AIP Online Bureau | Dec 1, 2024 | Health, Indian News, Life, Non-Life
To enable PSU insurers to avail composite licenses, the government needs to amend the two existing Acts- The Life Insurance Corporation Act of 1956 and the General Insurance Business (Nationalisation) Act, 1972 (GIBNA). But, no such provisions have been made in the...
