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LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman

LIC exploring possibility of setting up fintech arm, BCG to implement the project: Chairman

by AIP Online Bureau | Nov 26, 2023 | Indian News, Life, Technology

Siddhartha Mohanty, Chairperson, LIC, administering the Pledge of Preamble to the employees of the corporation on the occasion of Constitution Day on Sunday ”Our objective is to get best in class digital initiatives for all our stakeholders, customers,...

PSU insurers’ shares see sudden spurt on Friday

by AIP Online Bureau | Nov 24, 2023 | Indian News, Life, Non-Life, Reinsurance

After lying low in recent years, on Friday GIC Re’s share price has risen by 15 per cent to Rs 304.45 while NIA’s scrip has gone up by 20 per cent to Rs 209. LIC’s share gained 10 per cent and closed at a monthly high of Rs 678 on Friday Mumbai:...
LIC projects double digit growth in FY24, plans to launch innovative products: Chairman

LIC projects double digit growth in FY24, plans to launch innovative products: Chairman

by AIP Online Bureau | Nov 23, 2023 | Indian News, Life

“We are projecting double-digit growth over the last year. We are going to achieve that because a recent trend is showing uptick in individual retail business. In order to further reinforce our commitment, we are going to launch some new attractive...
LIC Q2 net profit at Rs 7,925 crore on lower income, ropes in BCG for digital transformation

LIC Q2 net profit at Rs 7,925 crore on lower income, ropes in BCG for digital transformation

by AIP Online Bureau | Nov 10, 2023 | Indian News, Life

`We are conscious of the market dynamics in certain parts of our business and are working towards profit-oriented consolidation. The distribution mix is also more diversified with increase in share of Bancassurance and Alternate Channels. We continue to remain focused...
LIC receives Rs 37,000 tax notice from J&K GST body

LIC receives Rs 37,000 tax notice from J&K GST body

by AIP Online Bureau | Oct 11, 2023 | Indian News, Life, Policy, Regulation

The Jammu & Kashmir GST authority has calculated the pending dues of the LIC saying the corporation has paid taxes at 12% instead of 18 % on certain invoices Mumbai: Life Insurance behemoth Life Insurance Corporation(LIC) on Wednesday said it has received a demand...
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