LIC

Both the government and the Life Insurance Corporation (LIC) intend to sell their entire stake in the IDBI Bank clarified the Department of investment and public asset management (DIPAM). A report by Economic Times said that as per…

Unions in the public sector general insurance companies and Life Insurance Corporation of India will go on strike on Wednesday and Thursday, respectively. After the two day strike -- Monday and Tuesday -- by the bankers, unions in the…

She explained that the move to privatise these banks is so that they could become bigger, citing SBI as an example.  The govt will bring in amendments to the Banking Regulations Act and Banking Law Act to move ahead with the…

This practice has been done in the past before some PSBs were consolidated. In an effort to trim the fat, two state-owned banks set to be privatised will likely offer a voluntary retirement scheme (VRS). About VRS The scheme is…

PM Jeevan Jyoti Bima Yojana will offer Rs 2 lakh insurance amount to the families who have lost their loved ones during the Covid-19 pandemic. With the increasing number of Covid-19 cases across the country, the death rate is increasing…

LIC warns its customers of circulating fraudsters, posing as LIC or IRDAI agents and officials. In a tweet addressing all the life insurance holders, the Indian insurance and investment corporation, Life Insurance Corporation warned…

The insurer has approved alternative proofs of death in place of local death certificates to help speed up the settlement of death claims in the current situation The Life Insurance Corporation of India (LIC) released a slew of claim…

Starting May 10, 2021, office hours from Monday to Friday would be 10 AM to 5:30 PM State-owned LIC will have five working days starting from May 10 since Saturdays have been declared as a holiday for the insurer. According to a…

The government of India (GoI) along with LIC will dilute a certain extent of their stakes in IDBI Bank after consultation with RBI. The Cabinet Committee on Economic Affairs (CCEA) has approved for IDBI Bank to be disinvested to private…

LIC Books Rs 37,000 Crore Profit In 12 Months: Their Highest In 65 Years! Invests Rs 94,000 Crore In Share Market Life Insurance Corp. of India (LIC) the largest domestic institutional investor in the country has a record Rs 37,000…