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LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25

LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25

by AIP Online Bureau | Aug 8, 2024 | Indian News, Life, Pension & Social Security

Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...

LIC and HDFC Life relax norms for claim payments for victims of Wayanad disasters

by AIP Online Bureau | Aug 3, 2024 | Indian News, Life

The government has mandated the Public Sector Insurance companies and insurance regulator IRDAI has asked the insurance industry to extend all possible support to the victims of the landslide incident in Kerala Siddhartha Mohanty, CEO & MD, LIC, announced...
Emirates NBD and Kotak Mahindra Bank cleared by RBI to bid for IDBI Bank

Emirates NBD and Kotak Mahindra Bank cleared by RBI to bid for IDBI Bank

by AIP Online Bureau | Aug 1, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The Indian government, which owns 45.48% in IDBI Bank, and state-owned Life Insurance Corporation of India which holds 49.24%, together plan to sell 60.7% of the lender MUMBAI/NEW DELHI: The Reserve Bank of India(RBI) has completed its review of potential buyers for a...
LIC share touches a new life time high of Rs 1178

LIC share touches a new life time high of Rs 1178

by AIP Online Bureau | Jul 26, 2024 | Eco/Invest/Demography, Indian News, Life

On a year to date basis, private life insurers like HDFC Life Insurance Company rose 6.31 per cent, ICICI Prudential Life Insurance Company rose 32.93 per cent and SBI Life Insurance Company rose 18.66 per cent Kumud Das Mumbai: State-run insurer Life Insurance...
LIC stock gives highest return among top 10 firms by market cap in last one year

LIC stock gives highest return among top 10 firms by market cap in last one year

by AIP Online Bureau | Jul 21, 2024 | Eco/Invest/Demography, Indian News, Life

LIC, nation’s biggest insurer has given the highest returns of 74 per cent in the last one year among the top 10 firms by market capitalization and the only non-sensex stock followed by the telecom major Bharti Airtel Ltd with the gain of 68.20 per cent, the country’s...
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