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Insurance penetration in the country was 3.4 per cent in 2015 against the world average of 6.2 per cent.

IRDAI working with govt to create a simple platform for KYC

Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector.

7 Aug 2017 6:05 PM IST

Following the November 8-9 demonetisation, the government over the weekend asked public sector insurers to provide discounts of up to 10 per cent on the premium amount for general insurance policies and 8 per cent in new life policies of Life Insurance Corporation sold online.

Government will divest 25 per cent stake in five insurance firms

The insurance sector in India comprises 24 companies operating in the life insurance business and 29 non-life insurers.

19 Jan 2017 1:43 AM IST

Union Finance Minister Arun Jaitley. (Photo: Twitter/ANI)

Cabinet clears listing of PSU insurance cos

Finance Minister Arun Jaitley says govt would take to OFS route and issue fresh shares for listing these companies on...

18 Jan 2017 3:00 PM IST

The e-filing facility for ITR-1, which is to be enabled from April 1, will have an online tax calculator and ITRs can be filed till the stipulated deadline of July 31.

ITR forms simplified for AY17-18; e-filing from April

Section 80D provides for tax deduction from the total taxable income for the payment of medical insurance premium.

30 March 2017 12:59 AM IST

LIC bought an additional stake of over 3 per cent in Bank of India for about Rs 450.88 crore. (Representational Image)

LIC buys additional shares in Bank of India for Rs 451 crore

Bank of India sold shares equivalent to LIC through an open market purchase on a preference shares allotment

7 July 2017 5:29 PM IST

Sensex opened higher at 26,756.66.

ITC's crash forces LIC to lose Rs 7,000 crore

With a 16.29 per cent stake in ITC, life insurance giant is largest shareholder in cigarette maker.

18 July 2017 12:13 PM IST

The life insurer earned a total premium, of Rs 1.45 lakh crore against Rs 1,29 lakh crore the previous year.

LIC posts Rs 16,000 crore profit

The life insurer earned a total premium, of Rs 1.45 lakh crore against Rs 1,29 lakh crore the previous year.

28 Feb 2017 6:39 AM IST

Finance Minister Arun Jaitley

Union Budget 2017: Senior citizens to get smart cards

A beginning will be made through a pilot in 15 districts during 2017-18, says Arun Jaitley.

2 Feb 2017 4:42 AM IST

Lenders okay sale of Rs 86,000-crore Essar Oil to Rosneft

The sale involves the Ruias almost exiting its cash cow in favour of Russian giant Rosneft and a consortium led by...

23 Jun 2017 2:01 PM IST

Representational Image.

Govt sells 2.5 per cent stake in L&T to SBI, LIC

Government held 6.55 per cent stake in engineering firm L&T and post sale, its shareholding has come down to around 4...

22 Jun 2017 9:39 AM IST

The MMRDA currently has Rs 17,000 crore in its bank accounts, for which it gets interest of around 7-8 per cent every 12 months over fixed deposits.

LIC bonds to fund Mumbai Metro projects?

MMRDA had earlier put the auction of BKC land parcels on hold after HC order.

3 Dec 2016 6:18 AM IST