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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 terminates services of its employee in front-running trades case

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...
Govt approves 17 % wage hike for LIC employees

Govt approves 17 % wage hike for LIC employees

by AIP Online Bureau | Mar 15, 2024 | Indian News, Life

The revision incorporates an enhancement in National Pension System( NPS) contribution from 10% to 14% for a better future of nearly 24,000 employees, who had joined after Apr, 2010 Mumbai: After banking, the government has approved a 17 per cent hike in the wages of...
LIC pays Rs 2,441 crore as an interim dividend to government

LIC pays Rs 2,441 crore as an interim dividend to government

by AIP Online Bureau | Mar 1, 2024 | Indian News, Life

From (Lto R), Siddhartha Mohanty, chairperson handing over a cheque of Rs Rs 2,441.44 crore to Nirmala Sitharaman, finance minister, as an interim dividend to the government. Vivek Joshi, Secretary, Financial Services and  M P Tangirala, additional secretary,...
Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India

Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India

by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Briefs, Life, Policy

The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
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