Lic

LIC has Rs 880 cr unclaimed by policyholders: How to check your status

372,282 policyholders have not claimed their maturity benefits, Parliament is told

LIC's unclaimed maturity amounts at Rs 881 cr in FY24: Govt tells LS

Life Insurance Corporation (LIC) has unclaimed maturity amounts of Rs 880.93 crore in 2023-24, Parliament was informed on Monday. As many as 3,72,282 policyholders did not claim maturity benefits during FY2024, Minister of State for Finance Pankaj Chaudhary said in a written reply to the Lok Sabha. During the previous year, he said, the amount worth Rs 815.04 crore belonging to 3,73,329 policyholders remained unclaimed. As many as 10 death claims worth Rs 14 lakh remained unclaimed during 2023-24, he said. In order to reduce the Unclaimed and Outstanding Claims, LIC has undertaken several measures, including print media and digital media advertisement apart from radio jingles for policyholders to claim their due amounts. Outstanding amounts lying in unclaimed accounts are settled in favour of respective policyholders or claimants upon receipt of claim request, he said. Reminder letters are sent through ordinary/speed post as well as through email where available and also SMS are

PM Modi launches LIC's 'Bima Sakhi Yojana' to empower women agents

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

Asian Paints shares rise on bourses; here's what driving rally in stock

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.

LIC Bima Sakhi: 10th pass women can work and earn up to Rs 11,000 per month

Women achieving their targets will qualify for commission-based incentives

LIC Golden Jubilee Scholarship Scheme: Check eligibility & how to apply

This scholarship scheme is meant for students from economically weaker families

LIC shares dive 3% after premiums struggle in November; key metrics here

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

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

SC to rule on revenue dept's plea over LIC policy surrender value exemption

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

LIC rises 5% on filing appeal against GST demand order of Rs 66 lakh

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

LTIMindtree rises 3% after LIC increases stake by 2% via open market

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

Stocks to watch, Nov 22, 2024: Adani Group stocks, Tata Power, NTPC, LIC

Stocks to watch on November 22, 2024: Here is a list of stocks from Infosys to Hyundai Motor India which will be on radar today

LIC faces Tamil Nadu backlash over Hindi website; cites technical glitch

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

New business premium of life insurers rises 13% in Oct, LIC leads

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

Here's why LIC's shares rallied over 4% on Nov 12; check details here

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

Stocks to watch, Nov 12: SBI, Britannia, Nykaa, Hindalco, ONGC, IRFC, LIC

Stocks to watch, Nov 12: Here are few stocks will be in focus for today's session

No plan to bring clawback clause, says LIC MD & CEO Siddhartha Mohanty

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

Strong growth, margin metrics could support LIC's stock valuations

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

Manickam Tagore writes to Sitharaman over LIC's policy restructuring

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

LIC Q2 profit falls 3.8% on higher benefits paid, but margin expands

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