by AIP Online Bureau | Jun 1, 2026 | Indian News, Life, Technology
“So, both go hand in hand…we are engaging the fintech players but whether it can be a strategic partner, we are looking at various options available and we may be coming up with something…our first aim is to modernize our IT applications and become as agile and...
by AIP Online Bureau | May 27, 2026 | Indian News, Life, Policy, Regulation
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
by AIP Online Bureau | May 25, 2026 | Briefs, Life, Non-Life
Sanjay Lohiya, who will become the new secretary, Department of Financial Services from June 1, has replaced Shalini Pandit as the Government nominee director on the board of Life Insurance Corporation of India (LIC) on May 13.Hari Har Mishra, additional secretary,...
by AIP Online Bureau | May 24, 2026 | Indian News, Life
However, SBI significantly outpaced LIC in annual profit, earning Rs 80,032 crore in FY26 compared to LIC’s Rs 57,419 crore. New Delhi:State-owned Life Insurance Corporation of India (LIC) has emerged as the highest profit-making firm in the Indian financial...
by AIP Online Bureau | May 21, 2026 | Indian News, Life
R Doraiswamy, CEO & M D, LIC, said,“FY 2025-26 has been a satisfying year for us, with strong overall growth across every business vertical leading to record performance metrics. We have achieved a Non Par share on APE basis in our individual business of more than...
