Life Insurance Corporation
Insurers cannot decline covid19 death claim settlement
All life insurers, both public and private, are committed to process any death claim pertaining to covid-19 at the earliest
LIC to have 2 new MDs, interviews soon
According to a top ministry source, the probable candidates have been short-listed for the positions and the interviews would be held shortly.
LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr
All the 24 life insurers had written new gross premium of Rs 16,611.57 in the same month a year ago.
Life insurers see strong growth
April has particularly been fruitful for the listed players in new business premium. All the four listed players saw high growth rates.
LIC Bahrain ops downgraded
As LICI is an offshore subsidiary of LIC of India, AM Best has placed these credit ratings concurrently under review with negative implications.
PFC completes REC acquisition, pays Rs 14,500 cr to government
The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.
LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3
The open offer, at Rs 61.73 per equity share, will close on December 14.
Govt shifts to top gear for resolving IL&FS crisis
Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.
IDBI officers allege LIC deal violates status quo assurance
IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.
LIC board to meet tomorrow to decide IDBI Bank stake hike plan
LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.