by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Briefs, Life, Policy
The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
by AIP Online Bureau | Mar 11, 2023 | Indian News, Life
Siddhartha Mohanty, managing director, Life Insurance Corporation Mohanty is presently the senior most managing director of the country’s largest insurance company Recently, the Financial Services Institution Bureau (FSIB), has selected M Jagannath and Tablesh Pandey...
by AIP Online Bureau | Nov 24, 2022 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy
“The change in product mix is clear indicator of our efforts in maintaining our market leadership position. We hope that sooner or later the markets will value our efforts that are making the results that are visible,” said MR Kumar,chairman,LIC Mumbai:...
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 | Apr 29, 2022 | Indian News, Life, Policy, Wealth Management/ Philanthropy
More than the embedded value one should look at the value for new business (VNB) going forward, and it should reach 12-13 in the future, LIC Chairman MR Kumar said VNB margin is what investors would be looking at and it is 9 for LIC at present, he said. New Delhi: LIC...
