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LIC emerges as the 4th largest global life insurer in S&P’s new ranking

LIC emerges as the 4th largest global life insurer in S&P’s new ranking

by AIP Online Bureau | Dec 5, 2023 | International News, Life

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

LIC intends to set up office in GIFT City during this financial year

by AIP Online Bureau | Dec 3, 2023 | Indian News, Life

“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...
LIC amends norms for inclusion of shareholders’ directors on its board

LIC amends norms for inclusion of shareholders’ directors on its board

by AIP Online Bureau | Dec 2, 2023 | Indian News, Life, Policy

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...
LIC launches guaranteed return plan Jeevan Utsav

LIC launches guaranteed return plan Jeevan Utsav

by AIP Online Bureau | Nov 29, 2023 | Indian News, Life

(Lto R) M Jagannath, MD, LIC and Siddhartha Mohanty,chairperson, LIC at the launching ceremony of corporation’s new product Jeevan Utsav Siddhartha Mohanty,chairman, IRDAI had said the new product is poised to disrupt the market and that there is a widespread...
LIC intends to set up office in GIFT City during this financial year

LIC keen to keep part of its stake in IDBI Bank to reap benefit of bancassurance

by AIP Online Bureau | Nov 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy

”We have made it clear that IDBI Bank is our number one partner in bancassurance. We will retain the some stake in IDBI Bank so that the bancassurance partnership continues,” LIC Chairman Siddhartha Mohanty said Mumbai: State-owned LIC, promoter of IDBI...
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