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Indian Rupee

Is Indian Government’s Divestment Plan Losing Sheen?

Despite Indian government's push to divest stake in several public enterprises, the Centre continues to miss its targets year after year. Some economists suggest that the plan has lost its sense of urgency

20 June 2023

Life Insurance Corporation.

LIC To Ease Claim Settlement Process For Odisha Train Accident Victims

LIC made the announcement for claimants of its policies and Pradhan Mantri Jeevan Jyoti Bima Yojana

05 June 2023

Company Results

LIC Q4 Net Profit Surges Over 5-Fold To Rs 13,191 Crore

LIC's income from first-year premium also came down to Rs 12,852 crore against Rs 14,663 crore in the same quarter previous fiscal

25 May 2023

Life Insurance Corporation of India

LIC To Hold Roadshows In Hong Kong, UK In June

The non-deal roadshows will offer investors a comprehensive look at the LIC's story

11 June 2023

Life Insurance Corporation of India

LIC Dividend Announced At Rs 3 Per Share In Q4 Results 

LIC’s annual general meeting (AGM) will be held on August 22, 2023 and hence, after this AGM, LIC is expected to pay the final dividend for FY23

25 May 2023

CoRover

CoRover Developed Conversational AI Chatbot LIC Mitra

CoRover.ai has developed LIC Mitra, which is available on LIC’s website and mobile app.

10 April 2023

Life Insurance Corporation of India

FSIB Selects 2 Candidates For LIC MD Positions

The FSIB is headed by Bhanu Pratap Sharma, former secretary, Department of Personnel and Training (DoPT)

07 June 2023

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Derek OBrien

TMC To Raise Risk Exposure Of LIC And SBI, Price Rise, Unemployment In Parliament: O'Brien

The TMC will raise in Parliament issues such as LIC and SBI's risk exposure, price rise of essential commodities, unemployment, and misuse of central agencies during the second phase of the Budget Session, its Rajya Sabha...

09 March 2023

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02 March 2023
SBI, LIC Forced To Invest To Save Adani Group, People's Life Savings Put In Danger: Rahul Gandhi

SBI, LIC Forced To Invest To Save Adani Group, People's Life Savings Put In Danger: Rahul Gandhi

Former Congress president Rahul Gandhi Wednesday alleged the State Bank of India and the Life Insurance Corporation of India were forced to make investments to...


28 February 2023
Who Forced LIC To Take 'Risky Exposure' To Adani Group, Asks Cong

Who Forced LIC To Take 'Risky Exposure' To Adani Group, Asks Cong

The Congress on Monday attacked the government over the fall in the value of LIC's holdings in the Adani Group and asked who forced this pillar of India's...


27 February 2023
Who Forced LIC To Take 'Risky Exposure' To Adani Group, Asks Congress

Who Forced LIC To Take 'Risky Exposure' To Adani Group, Asks Congress

The Adani Group's stocks had taken a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations


15 February 2023
SC To Hear Fresh PIL Of Congress Leader On Adani Stock Rout After Hinderburg Report

SC To Hear Fresh PIL Of Congress Leader On Adani Stock Rout After Hinderburg Report

On Monday, the Centre had agreed to the apex court's proposal to set up a panel of experts to look into strengthening the regulatory mechanisms for the stock...


09 February 2023
Fear For Deposits Of People In Banks, Post Offices And LIC: Mamata

Fear For Deposits Of People In Banks, Post Offices And LIC: Mamata

Banerjee’s comments come in the wake of the Hindenburg Research report that made a slew of allegations of wrongdoing against the business conglomerate led by...


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07 February 2023
Protest To Continue Until Adani Issue Is Discussed In Parliament: IYC Outside LIC Building

Protest To Continue Until Adani Issue Is Discussed In Parliament: IYC Outside LIC Building

They raised anti-government slogans holding placards that read "Adani Modi Bhai Bhai," "Chowkidar Chor Hai" and "Adani Scam Exposed".


07 February 2023
Strictly Followed Regulation While Making Investments: LIC Tells Government Amid Concerns Over Exposure To Adani Group Firms

Strictly Followed Regulation While Making Investments: LIC Tells Government Amid Concerns Over Exposure To Adani Group Firms

The total purchase value of equity, purchased over the last many years, under all the Adani group companies is Rs 30,127 crore and the market value for the...


07 February 2023
Mamata Banerjee May Have Received Instructions To Keep Mum On Adani Crisis: Adhir Chowdhury

Mamata Banerjee May Have Received Instructions To Keep Mum On Adani Crisis: Adhir Chowdhury

The Bengal Congress chief also claimed that Banerjee might not be willing to do anything that might harm the interests of the conglomerate, given that the...


04 February 2023
CPIML(L) Seeks Detailed Probe Into Allegations Against Adani Group

CPIML(L) Seeks Detailed Probe Into Allegations Against Adani Group

Amid claims that PSU banks and LIC have also invested in the group, the party urged the Union government to provide assurance to common people that their money...


03 February 2023
Adani Row: Hindenburg Report, Oppn Demand For A JPC Probe And Ruckus In Parliament; All We Know

Adani Row: Hindenburg Report, Oppn Demand For A JPC Probe And Ruckus In Parliament; All We Know

Congress leader Jairam Ramesh said the opposition demand remains unchanged, adding "Only an independent investigation will save LIC, SBI, and other...


02 February 2023
Mamata Banerjee Targets BJP, Alleges Party Using Money From LIC And Nationalised Banks

Mamata Banerjee Targets BJP, Alleges Party Using Money From LIC And Nationalised Banks

Trinamool Congress supremo Mamata Banerjee also lashed out at the BJP-led Centre over the Union budget, saying that the share market witnessed a massive crash...


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30 January 2023
CPI(M) Demands High-Level Probe Against Adani Group

CPI(M) Demands High-Level Probe Against Adani Group

The Left party's general secretary Sitaram Yechury asserted that the enquiry should be monitored by the Supreme Court.


20 January 2023
LIC Jeevan Azad Plan: Know Sum Assured, Duration, Age Limit & Other Key Features, Benefits

LIC Jeevan Azad Plan: Know Sum Assured, Duration, Age Limit & Other Key Features, Benefits

The LIC Jeevan Azad Plan offers policyholders a guaranteed sum—equal to the basic sum assured on maturity—if he survives the policy duration.


26 December 2022
Insurers Settled Over 2.25 Lakh Death Claims On Account Of Pandemic, Says IRDAI Annual Report

Insurers Settled Over 2.25 Lakh Death Claims On Account Of Pandemic, Says IRDAI Annual Report

Insurance companies paid Rs 17,269 crore towards claims up to March 31, 2022, IRDAI said in its annual report


25 December 2022
LIC May Look At Composite Licence After Passage Of Insurance Laws (Amendment) Bill

LIC May Look At Composite Licence After Passage Of Insurance Laws (Amendment) Bill

As per the proposed Bill, an applicant may apply for registration of one or more classes/sub-classes of insurance business of any category or type of insurer


15 December 2022
No Penalty For Failure In Updating KYC Details In Policy, Says LIC

No Penalty For Failure In Updating KYC Details In Policy, Says LIC

The Life Insurance Corporation of India has announced in a public notice that it does not charge any penalty if a customer fails to update the KYC details in a...


08 December 2022
Government Seeks To Appoint Private Sector Professional As LIC’s Chief Executive: Report

Government Seeks To Appoint Private Sector Professional As LIC’s Chief Executive: Report

New Chief at LIC: As of now, LIC is headed by a chairman who largely overlooks the operations at the insurer.


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