Life Insurance Corporation

Life Insurance Corporation News

Tamil Nadu floods: Insurance firms relax claim settlement norms
Business

Tamil Nadu floods: Insurance firms relax claim settlement norms

To make the claim settlement process easier for policyholders affected by the recent floods in Tamil Nadu and Puducherry, life insurers have extended several concessions and relaxed norms.

Budget 2014-15: Chidu fiddles as bad loans burn banks
Politics

Budget 2014-15: Chidu fiddles as bad loans burn banks

P Chidambaram has blithely ignored the full-blown banking crisis where Rs 10 lakh crore of stressed assets are building up.

Can you afford to ignore LIC Housing's New Fixed 10 home loan?
Investing

Can you afford to ignore LIC Housing's New Fixed 10 home loan?

The interest rate of the New Fixed 10 home loan is 11.50 percent for ten years, while other lenders in the market are offering fixed rate loans in the range of 11.25 percent to 13.75 percent. But the question here is.

Cobrapost alleges LIC, SBI, Canara Bank facilitated money laundering
Business

Cobrapost alleges LIC, SBI, Canara Bank facilitated money laundering

Aniruddha Bahal in the latest Cobrapost expose accused 23 private and public financial institutions of aiding money laundering.

Irda: Insurers allowed to buy up to 15% stake in cos
Investing

Irda: Insurers allowed to buy up to 15% stake in cos

It is believed that the move was aimed at helping the disinvestment programme of the government.

Govt acts tough with rich PSU, asks to invest more
Investing

Govt acts tough with rich PSU, asks to invest more

Many PSUs have been asked to invest their spare cash or park a portion those funds with the government.

Insurance employees demand merger of four PSU insurers
Business

Insurance employees demand merger of four PSU insurers

Employees of public insurance companies such as National Insurance, Oriental Insurance, New India Assurance and United India Insurance want the four companies to merge into one to reduce competition.

Pipavav Defence zooms as LIC buys 2 cr shares for Rs 171 cr
Investing

Pipavav Defence zooms as LIC buys 2 cr shares for Rs 171 cr

According to the bulk deal data of stock exchanges, country's largest life insurer LIC bought 2.15 crore shares of Pipavav at Rs 79.50 apiece, valuing the the deal at Rs 171.21 crore.

Why govt should get rid of its stake in tobacco co ITC
Business

Why govt should get rid of its stake in tobacco co ITC

Indian government is perhaps one of the only governments in the world which has a strategic stake in a tobacco company .

Govt to infuse Rs 810 crore in IDBI Bank
Economy

Govt to infuse Rs 810 crore in IDBI Bank

Government of India had decided to infuse capital funds to the tune of Rs 810 crore by way of preferential allotment of equity in IDBI Bank.

LIC raises stake in ONGC to 9.5% after auction
Business

LIC raises stake in ONGC to 9.5% after auction

State-owned Life Insurance Corp's (LIC) holding in state-run Oil and Natural Gas Corp has risen to 9.48 percent after a share sale auction in the company by the government last week.

Personal Finance: Health cover portability is here, with riders
Investing

Personal Finance: Health cover portability is here, with riders

Those policyholders who are dissatisfied with their insurer's service- be it claim settlement or premiums- can now switch to another insurer and gain from a wider choice.The catch: Insurers can choose to accept or reject portability proposals.

9 things that will impact the market today
Investing

9 things that will impact the market today

US equities crushed; Indian GDP target unrealisable; and a Big Bull steps up on Dalal Street.

Life Insurance Corporation: Don't go the UTI way
Business

Life Insurance Corporation: Don't go the UTI way

The government cannot use taxpayers' money to fill the gap between assets and liabilities at LIC. It must be converted into a company that is similar in structure to private insurance companies.