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

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...
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...
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