by AIP Online Bureau | Jul 20, 2023 | Briefs, Life
The government has appointed Sat Pal Bhanoo as one of the managing directors of Life Insurance Corporation (LIC).He has been appointed in place of Siddhartha Mohanty who has been appointed as chairman of LIC in April. Bhanoo’s appointment is effective from the...
by AIP Online Bureau | Jul 12, 2023 | Briefs, Life, Policy, Regulation, Workplace/Employee Benefits
The government has nominated M. P. Tangirala, additional secretary, Department of Financial Services, as as part-time member of the Insurance Regulatory and Development Authority of India as well as director on the board of the Life Insurance Corporation with...
by AIP Online Bureau | Jul 12, 2023 | Data, Life
Among total collections in the first quarter, private players grew 10.6 per cent to Rs 28,167.7 crore year-on-year from Rs 25,473.5 crore, when it grew by 48.8 per cent Mumbai: Life insurers collectively witnessed a 0.9 per cent decline in the first quarter new...
by AIP Online Bureau | Jun 23, 2023 | Indian News, Life
(L to R) Siddhartha Mohanty, chairman, LIC and M Jagannath, managing director, LIC at the launch of the corporation’s new product Dhan Vridhhi The plan comes with two options to choose from wherein the sum assured on death can either be 1.25 times or 10 times in...
by AIP Online Bureau | Jun 17, 2023 | Disaster & Management, Indian News, Life
LIC in a statement said it is reaching out to the affected people to provide assistance although the loss of lives has been minimal. LIC has also created a portal link for the online submission of claims arising due to Biparjoy Cyclone New Delhi: Following insurance...
