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Govt asks state-run banks,insurance firms to cut costs, shift to EVs

Govt asks state-run banks,insurance firms to cut costs, shift to EVs

by AIP Online Bureau | May 18, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Under ⁠the new measures, all meetings, reviews and consultations must be ​conducted via video conferencing unless physical presence is deemed essential, the ​order issued by the Department of Financial Services said. NEW DELHI: India’s finance ministry directed...
Temasek, LIC, Canadian pension fund in line-up to sell stakes in India’s NSE IPO

Temasek, LIC, Canadian pension fund in line-up to sell stakes in India’s NSE IPO

by AIP Online Bureau | Apr 28, 2026 | Eco/Invest/Demography, Indian News, Life, Non-Life, Wealth Management/ Philanthropy

Major state-owned insurers with significant stakes in the NSE as of March 2025 include Life Insurance Corporation of India (LIC) with 10.72%, and public sector general insurers like GIC, New India Assurance, National Insurance, and Oriental Insurance, each holding...
Nagaraju asks LIC to monetise massive data from its 29 crore policies

Nagaraju asks LIC to monetise massive data from its 29 crore policies

by AIP Online Bureau | Apr 15, 2026 | Eco/Invest/Demography, Indian News, Life, Policy, Technology

Lto R- Dinesh Pant, managing director(MD), LIC, R. Doraiswamy, MD and CEO,M Ngaraju, secretary,Department of Financial Services,Ratnakar Patnaik,MD at an event in Mumbai to launch LIC’s Customer App ‘MyLIC’, Nagaraju suggested the four multiline PSU general insurers,...
SC agrees to hear plea to implement disability-sensitive guidelines for welfare insurance schemes

SC agrees to hear plea to implement disability-sensitive guidelines for welfare insurance schemes

by AIP Online Bureau | Apr 14, 2026 | Eco/Invest/Demography, Indian News, Life, Policy

A bench of Justices Vikram Nath and Sandeep Mehta agreed to hear the plea which sought a direction to the Centre to exercise policy oversight to ensure that welfare insurance schemes for persons with disabilities are implemented in conformity with the guarantees under...
LIC board approves 1:1 bonus issuance,Govt plans an OFS of corporation

LIC board approves 1:1 bonus issuance,Govt plans an OFS of corporation

by AIP Online Bureau | Apr 13, 2026 | Indian News, Life, Policy

In a regulatory filing, the bonus issue will be done by capitalising Rs 6,325 crore out of reserves and surplus available with LIC as of December 31, 2025. The bonus issue would pave way for further share sale or offer for sale (OFS) of LIC. The government, according...
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