Life Insurance Corporation's (LIC) pension scheme 'Pradhan Mantri Vaya Vandana Yojana' (PMVVY) is an ideal plan for senior citizens, said LIC's former Development Officer. Proper monetary planning for retirement can benefit you a long way in twilight years as old age comes with a number of problems.
LIC Pension Plan Alert! Proper monetary planning can benefit you a long way in twilight years. Keep this in mind, the Life Insurance Company (LIC) is offering insurer a pension scheme that will give policyholders Rs 10,000 per month.
The Indian government's proposed IPO of state-owned Life Insurance Corporation of India (LIC) will improve the accountability and transparency of the country's largest insurer but is unlikely to happen during the next fiscal, Fitch Ratings said on Wednesday.
LIC IPO: Making a big announcement, finance minister Nirmala Sitharaman proposed partial listing of Life Insurance Corporation of India (LIC) through an initial public offering (IPO). Modi government has decided to disinvest a part of its stake in LIC.
Government-owned insurance behemoth Life Insurance Corporation of India (LIC) is likely to become the country's biggest company by market capitalisation with an estimated valuation of Rs 8-10 lakh crore. With a Rs 30.5 lakh crore balance sheet as of FY19, even a 25 per cent stake sale by the government will mean a bumper listing.
LIC employees' unions on Saturday opposed the Centre's plan to sell a part of its shares in the state-run insurance behemoth through an initial public offer (IPO), insisting that the move is "against the national interest".
Budget 2020: Making a big announcement in her Budget speech, Finance Minister Nirmala Sitharaman said the government will sell a part of its stake in Life Insurance Corporation (LIC) through an Initial Public Offering (IPO). At present, the government owns the entire 100 per cent stake in Life Insurance Corporation of India (LIC).
LIC policy new rules: Life insurance policy will witness changes in rules from today as new guidelines for unit-linked insurance plans (Ulips) and traditional life insurance policies will come into effect. The Insurance Regulatory and Development Authority of India, (IRDAI), has instructed the insurers to make changes in Ulips and traditional life insurance policies.
Are you LIC policy holder and have to pay extra charges during the payment of policy premium? Then from now, you don't have to pay any additional charges on LIC policy premiums. The Life Insurance Corporation or LIC has waived off the convenience fee on all payments, including payment through credit cards.
Are you LIC policyholder? Then this news is important for you as India's largest insurance company, Life Insurance Corporation (LIC) is warning against the spurious calls from the fraudsters. To keep customers safe, India's largest insurance service, health and pension plan service provider with millions of policyholders across the country keep warning them of frauds from time to time.
LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial year
LIC policy alert! Are you worried about your lapsed life insurance policy? Then here is a good news for you as State-owned Life Insurance Corporation (LIC) has introduced a facility to revive policies that have remained lapsed for over two years.
The policies that have lapsed for more than two years and were not allowed to be revived earlier can also be revived now, LIC said in a statement
LIC policyholders alert! News is doing rounds of social media platform claiming that LIC is in a weak financial position and several of its policyholders might end up losing their money.
Life Insurance Corporation of India (LIC) is the State-owned largest insurance policy provider - for life insurance, health insurance, pension plans or several other insurance and pension schemes. There are several tax benefits LIC policyholders can get on their LIC policies.
A bench comprising Chief Justice Ranjan Gogoi and Justice Deepak Gupta took note of the submission of Solicitor General Tushar Mehta, appearing for the LIC, that a PIL under Article 32 of the Constitution should not be entertained as the aggrieved insurance purchaser can approach the consumer courts for redressal of grievances.
The scam went undetected in Kodad branch of Suryapet district, Telangana for nearly 10 years between 2008 and 2018 till an internal audit by the LIC caught the ongoing fraud, the officials said.
New Delhi: State-run behemoth Life Insurance Corporation (LIC) has transferred Rs 16,43.89 crore from its surplus account to the government, after distributing 95% of the total surplus as bonus to the policyholders.The amount was presented
Chennai: The country's largest life insurer, Life Insurance Corporation of India, has appointed nodal officers in cyclone-devastated Andhra Pradesh and Odisha for stepping up its services in the region, including expediting settlement claims.LIC has eased
Mumbai: Life Insurance Corporation (LIC) has received more than Rs 11,500 crore in income tax refunds and a big chunk of the amount would be passed on to policyholders, an official said."We received I-T refunds
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