LIC

LIC hiked its shareholding in equity shares from 4,79,66,302 to 6,72,40,527 shares which implies an increase of around 2 per cent.

Women achieving their targets will qualify for commission-based incentives

This scholarship scheme is meant for students from economically weaker families

LIC's premiums for November fell 27 per cent on a year-on-year basis (Y-o-Y), though the company saw a 16 per cent increase in premiums for the first eight months of FY25

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The Supreme Court has also condones the delay of 365 days in filing the present case

Prime Minister Narendra Modi on Monday launched the 'Bima Sakhi Yojana' of LIC here under which 2 lakh woman insurance agents will be appointed over the next three years. 'Bima Sakhi Yojana', an initiative of state-owned LIC, is designed to empower women aged 18-70 years who are Class X pass. They will receive specialised training and a stipend for the first three years to promote financial literacy and insurance awareness. Under the scheme, the woman agents will also get a stipend of Rs 7,000 per month for the first year, Rs 6,000 per month in the second year and Rs 5,000 per month in the third year. Bima Sakhis will also get the benefit of commission. The plan is to appoint 2 lakh Bima Sakhi over three years. After training, they can serve as LIC agents and the graduate Bima Sakhis would have the opportunity to qualify for being considered for Development Officer roles in LIC. Prime Minister will also distribute appointment certificates to prospective Bima Sakhis. The Prime Min

Life Insurance Corporation of India ("the Corporation") has filed an appeal with GST Appellate Authority, Jammu Kashmir against the order demanding GST of Rs. 66,69,251/- for FY 2019-20

LIC increased its shareholding from 1,49,06,665 shares to 2,08,34,009 shares which translates to a shareholding from 5.033 per cent stake to 7.034 per cent

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The controversy erupted after Chief Minister M K Stalin criticised LIC, calling it a "propaganda tool for Hindi imposition"

Private insurers log 18% yearly increase at Rs 13,216.51 cr, according to data

India's largest life insurance company, Life Insurance Corporation (LIC) shares surged to an intraday high of Rs 194.20 per share, rallying 4.29 per cent on the BSE on Tuesday

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LIC launched 32 products on October 1, 2024, as per the revised norms, and currently, the corporation has 35 products

The management aims for a positive growth trajectory in the par segment and expects strong growth to continue in the non-par segment

In the letter dated November 5, Tagore said that the changes in LIC policies are troubling

The net premium income rose 11.6% to 1.20 trillion rupees but the net benefits paid by the insurer to policyholders climbed 17% to 975.62 billion rupees during the quarter

Life Insurance Corporation of India (LIC) on Wednesday said tax authorities have slapped a demand notice of about Rs 65 crore on it for short payment of Goods and Services Tax (GST) for 2017-18. Besides, there is a penalty of Rs 6.5 crore and interest as applicable. The insurer has received communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand on October 30, LIC said in a regulatory filing. There is no material impact on financials, operations or other activities of the corporation, it added.

The move comes as the interest rate cycle is set to soften, with insurers offering more guaranteed-return products