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How private insurance cos are making life difficult for LIC

Private insurance firms say, over the past few years, they have been investing on digital technologies to reach semi urban and rural areas. Illustration: Uttam Ghosh/Rediff.com Public sector life......

What LIC needs to do to turn IDBI Bank profitable

While IDBI Bank’s 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC’s massive agent network to sell its retail loans. But......

LIC, GIC show interest in buying Air India's Mumbai building

With over Rs 55,000 crore debt, Air India management has been trying to pare burden by monetising non-core real estate properties. Even as the government is yet to take a call on putting the......

Lifestyle disease no reason to deny insurance claim, rules consumer panel

The apex consumer commission has asked LIC India to pay Rs 5 lakh to the kin of a deceased diabetes patient and made clear that insurance claims cannot be denied on the ground of common lifestyle......

How govt is blatantly misusing LIC to save failing companies

Investors in LIC's insurance and other schemes are receiving a lower rate of return because LIC is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and......

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IFIN ex-CEO Bawa says LIC didn’t back Piramal’s IL&FS bid

The offer by the Piramal Group for IL&FS failed because LIC expected a higher price, according to statements made to the Serious Fraud... ...

https://economictimes.indiatimes.com/markets/stocks/news/ifin-ex-ceo-bawa-says-lic-didnt-back-piramals-ilfs-bid/articleshow/70221631.cms

LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

The country's largest life insurer LIC witnessed more than two-fold rise in its new premium collection to Rs 26,030.16 crore in June. PTI | Jul 14,... ...

https://economictimes.indiatimes.com/industry/banking/finance/insure/lic-new-premium-more-than-doubles-in-june-pushes-industry-collection-to-rs-32241-cr/articleshow/70213058.cms

Life insurers close Q1 with 65% growth in first year premiums; LIC beats industry

Life Insurance Corporation of India (LIC) posted an 81 percent YoY growth in new premiums at Rs 44,794.78 crore in Q1 ...

https://www.moneycontrol.com/news/business/life-insurers-close-q165-growthfirst-year-premiums-lic-beats-industry_12744801.html

Report

The Life Insurance Corporation of India (LIC) in January 2019 acquired a 51 percent stake in the Bank, which reclassified it as a private sector... ...

https://www.moneycontrol.com/news/business/govt-to-seek-claritylaw-ministryidbi-status-as-private-institution-report_12744261.html

Sum Assured, Premium, Other Details Here

, Premium, Other Details Here LIC Policy: The policy term for LIC Money Back Plan-20 Years is 20 years while the premium paying term is 15 years.... ...

https://www.ndtv.com/business/lic-policy-premium-payment-lic-money-back-plan-20-years-money-backs-sum-assured-premiums-other-benef-2067790

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