by AIP Online Bureau | Apr 25, 2023 | Indian News, Life
In terms of new business premiums collected, it continues to hold a market share of 62.58 per cent as on March 2023 Mumbai: The total premium of Life Insurance Corporation of India (LIC) collected for fiscal 2022-23 grew 16.67 per cent to Rs 2.32 trillion from Rs 1.99...
by AIP Online Bureau | Mar 31, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Reinsurance
Domestic Systemically Important Insurers refer to insurers of such size, market importance, and domestic and global interconnectedness, whose distress or failure would cause a significant dislocation in the domestic financial system, said the Irdai Hyderabad: Life...
by AIP Online Bureau | Mar 24, 2023 | Indian News, Life, Policy
Currently, the insurer cannot invest more than 10% of outstanding equity in a company and 10% of the outstanding debt. New Delhi: The Life Insurance Corp. of India (LIC) is planning to impose caps on its debt and equity exposure to companies, two sources said, in a...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Life
Siddhartha Mohanty,acting chairman and managing director Life Insurance Corporation Currently, Mohanty is acting chairman of the country’s biggest life insurance firm after the completion of the term of MR Kumar on March 13, 2023. After becoming LIC chairman, Mohanty...
by AIP Online Bureau | Mar 23, 2023 | Indian News, Life
The four MDs who are facing the interview are- Siddhartha Mohanty, Mini Ipe, BC Patnaik and M Jagannath Since, some of the top bureaucrats who are part of FSIB , are busy during the Budget session of Parliament, the interview is being conducted virtually...
