Life Insurance Corporation

29 Mar 2021

Life insurers spend Rs. 2,000 crore on COVID-19 death claims

A total of 24 life insurance companies spent crores of rupees on COVID-19 death claims that are over and above the death claims that they usually receive every year.

06 Mar 2020

Explained: The rise and fall of Yes Bank

Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.

01 Feb 2020

5 big takeaways of Nirmala Sitharaman's budget you should know

Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).

01 Feb 2020

Budget 2020: Government to sell LIC holdings through IPO

Announcing the Union Budget 2020-21 on Saturday, Finance Minister Nirmala Sitharaman said that Life Insurance Corporation of India will now be listed on stock exchanges.

19 Oct 2019

I-T seizes Rs. 93cr in cash, jewelry from Kalki Bhagavan

The Income Tax department has detected an undisclosed amount of over Rs. 500 crore from the premises of self-styled godman and spiritual guru Kalki Bhagavan, who claims to be the tenth avatar of Lord Vishnu.

29 Dec 2018

#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

Life insurance is one of the most important financial products to have. It is the best way to protect one's family and their future in case of the policyholder's untimely demise.

13 Aug 2018

SBI bags the title of 'India's most patriotic brand': Survey

India's largest lender State Bank of India (SBI) is considered to be the country's most patriotic brand, according to a survey.

29 Jul 2018

Insurance money worth Rs. 15,167cr lying unclaimed with firms

Twenty-three life insurers in India are sitting on unclaimed insurance money of as much as Rs. 15,167cr, with Life Insurance Corporation (LIC) accounting for the lion's share.

21 Jul 2018

ED files charge sheet against ex-HP CM Virbhadra's son

The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against former Himachal Pradesh Chief Minister, Virbhadra Singh's son Vikramaditya, in a money laundering case which also involves Virbhadra.

16 Jul 2018

LIC board approves acquisition of 51% stake in IDBI Bank

The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.

26 Jun 2018

#PolicyExplainer: All about Pradhan Mantri Jeevan Jyoti Bima Yojana

The Government of India launched a life insurance scheme called 'Pradhan Mantri Jeevan Jyoti Bima Yojana' (PMJJBY) in 2015, offering coverage for death.

02 Jun 2018

Telangana: Farmers to get free Rs. 5 lakh life insurance

The Telangana Government has announced it would soon implement a Rs. 5 lakh life insurance scheme for farmers in the state.

22 Apr 2018

#FinancialBytes: 6 best Life Insurance policies available in India

Almost everyone has heard of "Life Insurance". It is one of the safest and best ways to protect one's family and their future in case of the policyholder's untimely demise.

17 Feb 2018

Nirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others

The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.

29 Oct 2017

Railways to invest $150 billion and create a million jobs

Railway minister Piyush Goyal, who took over in August after a cabinet reshuffle, said that the Indian Railways would invest $150 billion and create one million jobs over the next five years.

30 Aug 2017

NTPC share-sale is expected to fetch govt Rs. 13,800 crore

Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.

07 Jul 2017

Maharashtra police to get meat detection kits!

Maharashtra police will get meat-detection kits by next month in order to check if the seized meat is that of a cow.

18 Jan 2017

Gen. Insurance companies to be listed on stock market

At a Cabinet meeting that took place on Wednesday, Finance Minister Arun Jaitley said that 5 general insurance companies were given the go-ahead to be listed on the stock market.

31 Aug 2016

Private insurance players struggling to make profits

According to media reports, the future of the Indian insurance industry doesn't look bright.