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LIC collaborates with Sahaj Insurance Services to reach rural and semi urban areas

by AIP Online Bureau | Dec 26, 2025 | Briefs, Eco/Invest/Demography, Intermediaries, Life

The Life Insurance Corporation of India (LIC) on Friday announced collaboration with Sahaj Insurance Services Private Limited to strengthen insurance penetration across rural and semi urban areas of the country. Under the collaboration, Kanoria Foundation company...
Passage of Insurance Bill in Parliament to play catalytic role for sector growth: LIC Chief

Passage of Insurance Bill in Parliament to play catalytic role for sector growth: LIC Chief

by AIP Online Bureau | Dec 19, 2025 | Indian News, Life, Policy, Regulation

The Bill provides a framework for greater operational agility and innovation, allowing insurers to design and distribute targeted products that cater to evolving insurance needs, including retirement security, longevity solutions, and health-linked protection,LIC CEO...
Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board

Shalini Pandit,JS,DFS,replaces Goyal as part-time memeber in IRDAI board

by AIP Online Bureau | Dec 5, 2025 | Indian News, Life, Regulation

Shalini Pandit, joint secretary,Department of Financial Services Pandit has also been made director on the board of Life Insurance Corporation New Delhi:The Government, on Friday, has changed its nominee directors in the boards of insurance regulator IRDAI, Life...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank

Govt to seek bids for its $7.1 billion majority stake in IDBI Bank

by AIP Online Bureau | Dec 5, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

The federal government and state-owned Life Insurance Corp of India together own about 95% in the lender. The government will sell 30.48% of its stake in the bank, while LIC will offload 30.24%, along with transfer of management control. India is poised to seek bids...
LIC launches 2 new products for risk protection and savings

LIC launches 2 new products for risk protection and savings

by AIP Online Bureau | Dec 3, 2025 | Indian News, Life

R. Doraiswamy, CEO & MD along with other senior leadership team of LIC at the launch of LIC’s Protection Plus & LIC’s Bima Kavach In Bima Kavach, the life assured can select a policy term which can extend up to 100 years, ensuring long-term protection....
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