LIC's new business premium for August registers 35% increase YoY to Rs 19,309 crore
The public sector insurer's Group Yearly Premium collections skyrocketed by 291.14 percent to Rs 702.52 crore in August 2024 a substantial increase from Rs 179.61 crore during same period in the previous year.
LIC Hikes Stake In Container Corp. To 7.78%
The date of acquisition according to the filing was between Oct. 19 2023 and Sept. 6, 2024.
Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - Increase Of Shareholding In Container Corporation Of India Ltd.
This is to inform that the Life Insurance Corporation of India has increased its shareholding in equity shares of Container Corporation of India Ltd.
LIC among Motilal's 5 top life insurance picks, forecasts upside potential up to 25%
Looking ahead, the domestic brokerage firm believes that the forthcoming regulations, such as risk-based solvency and IFRS, are expected to positively influence financials by releasing capital that can be utilized for growth and for retaining a larger share of business, particularly in the protection segment. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - GST Litigation Of Tamil Nadu State
This is to inform that Life Insurance Corporation of India has received demand order for Goods & Service Tax, Interest and penalty for Tamil Nadu. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - GST Litigation
This is to inform that the Life Insurance Corporation of India has received demand order for Goods & Service Tax, Interest and penalty for Telangana State. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - Update On Disruption Of Services Of LIC Of Bangladesh
This is to inform that LIC of Bangladesh has resumed its full operations with effect from September 02, 2024, which came to the knowledge of Life Insurance Corporation of India on September 03, 2024. Life Insurance Corporation of India - 543526 - Announcement Under Regulation 30 Of SEBI (LODR) - GST Litigation
This is to infrom that the Life Insurance Corporation of India has received orders from GST authorities for collection of GST, Interest and penalty for Jammu & Kashmir, Assam, Uttarakhand and Andhra Pradesh states. LIC ordered to pay Rs 50 lakh to Covid policy premium payer's family
A district-level consumer disputes commission in Kerala has ordered Life Insurance Corporation (LIC), India's largest insurer, to pay Rs 50 lakh in compensation to the family of a policy premium payer who succumbed to COVID-19, citing the insurer's technical lapse. The commission fined LIC Rs 50 lakh for violating its own guidelines, which require policy issuance within 15 days of receiving premium payment. In this case, LIC received over Rs 20 lakh as premium, but refunded it only after nine months. The Kottayam District Consumer Disputes Redressal Commission further observed that LIC failed to inform the applicant about the temporary suspension of life insurance policies for non-resident Indians during the COVID-19 pandemic, prior to his demise. This omission denied him the chance to secure alternative coverage, constituting a grave service lapse, it said. According to an official release here, Jemon, a London-based expatriate, had purchased a Jeevan Umang life insurance policy f Life Insurance Corporation of India - 543526 - Announcement under Regulation 30 (LODR)-Cessation
This is to inform that Mr. Raghupal Singh, Executive Director (Coordination), Mumbai, holding the position of Senior Management Personnel of the Life Insurance Corporation of India, will be superannuating w.e.f. August 31, 2024.