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...
by AIP Online Bureau | Aug 12, 2022 | Data, Life, Wealth Management/ Philanthropy
After the sale, the LIC holding in the passenger cars and utility vehicles company decreased from 8.430 per cent to 6.421 per cent, it said. Mumbai: Life Insurance Corporation (LIC) on Wednesday said it has sold 2 per cent of its shareholding in automaker Mahindra...
by AIP Online Bureau | Aug 9, 2022 | Indian News, Life
The country’s largest life insurer LIC registered a more than twofold jump in new business premium income to Rs 29,116.68 crore during the month compared to Rs 12,030.93 crore in the year-ago month, the Insurance Regulatory and Development Authority of India...
by AIP Online Bureau | Aug 3, 2022 | Eco/Invest/Demography, Indian News, Life
The nation’s biggest life insurer LIC with revenue of USD 97.26 billion and a profit of USD 553.8 million, was ranked 98th on the just released Fortune 500 list. This is the first outing of LIC on the list, which ranks listed companies by sales New Delhi:...
