by AIP Online Bureau | Aug 30, 2022 | Banking & Bancassurance, Life
Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corp of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. “Strategic sale is uncharted territory. There are a lot of issues to be addressed, including...
by AIP Online Bureau | Aug 21, 2022 | Indian News, Life
M R Kumar,Chairman,LIC In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore, LIC Chairman M R Kumar said in a post-earnings call with analysts ”So there is quite a...
by AIP Online Bureau | Aug 16, 2022 | Indian News, Life
All policies except ULIP (Unit linked Insurance Plan) can be revived within 5 years from date of the first unpaid premium subject to policy conditions, LIC said in a statement Mumbai: Insurance behemoth Life Insurance Corporation of India (LIC) on Tuesday announced...
by AIP Online Bureau | Aug 14, 2022 | Health, Indian News, Life, Non-Life, Regulation
M R Kumar,Chairman, LIC Recently, the new Irdai Chairman Debasish Panda had said it was time life insurers re-entered the health vertical as he had given a mandate to the industry to ensure that every citizen has a health insurance policy by 2030. However, Panda later...
by AIP Online Bureau | Aug 12, 2022 | Indian News, Life
M.R. Kumar, chairperson, LIC The corporation’s VNB margins for the period Q1FY23 are 13.6% (Net). The Gross VNB of the Individual business was Rs 1277 crore and for group business was Rs 583 crore for the reporting quarter The gross VNB margins for the...
