by AIP Online Bureau | Sep 27, 2022 | Data, Eco/Invest/Demography, Life, Wealth Management/ Philanthropy
As per Sebi’s regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent Mumbai: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last...
by AIP Online Bureau | Sep 1, 2022 | Indian News, Life
. ”We intend to increase our market share of non-par business as well as diversify the channel mix while ensuring that our agents stay as the main distribution pillars of our products,” LIC chairman M R Kumar told shareholders in company’s annual...
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...
