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Life insurance industry’s total premium grows by 2% to Rs 3,77 trillion in FY 24

by AIP Online Bureau | Apr 19, 2024 | Indian News, Life

LIC has seen its total premium falling by 4 per cent to around Rs 2,22 trillion in FY 24 26 private sector players, led by SBI Life Insurance, at Rs 1,55 trillion, have recorded a growth of 12 per cent in in their annual premium income. In terms of policies, the...
LIC sees 59 pc jump in value of investments in Adani stocks

LIC sees 59 pc jump in value of investments in Adani stocks

by AIP Online Bureau | Apr 14, 2024 | Data, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy

The value of LIC’s investment in seven Adani group companies has soared from ₹38,471 crore as on March 31, 2023 to ₹61,210 crore on March 31, 2024, registering an increase of ₹22,378 crore, according to stock exchange data LIC, the State-owned insurance behemoth, has...

LIC, GIC Re and New India continue to be Domestic Systemically Important Insurers(D-Slls) in 2023-24:IRDAI

by AIP Online Bureau | Mar 27, 2024 | Indian News, Life, Non-Life, Reinsurance

D-Slls refer to insurers of such size, market importance, and domestic and global inter connectedness, whose distress or failure would cause a significant dislocation in the domestic financial system Hyderabad: Insurance regulator IRDAI, on Wednesday, said Life...
LIC emerges as the strongest global insurance brand: Brand Finance Insurance Report

LIC emerges as the strongest global insurance brand: Brand Finance Insurance Report

by AIP Online Bureau | Mar 26, 2024 | Indian News, Life

With a brand strength index score of 88.3, another Indian life insurer, SBI Life, in the sixth position, for the first time has found its place among the top 10 global insurance brands Mumbai Public sector behemoth Life Insurance Corporation has emerged as the top...
LIC sees 59 pc jump in value of investments in Adani stocks

LIC terminates services of its employee in front-running trades case

by AIP Online Bureau | Mar 20, 2024 | Eco/Invest/Demography, Indian News, Life, Regulation

Sebi on Tuesday confirmed a securities market ban on five entities, including an employee of Life Insurance Corporation of India (LIC), in a case pertaining to front-running trades of the state-owned insurer Mumbai: Life Insurance Corporation (LIC) on Wednesday said...
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