Life Insurance Corporation

  • Jammu floods to have 'minimal' impact on LIC, says its Chairman September 21, 2014

    Mumbai: Life Insurance Corporation, which has nearly 13 lakh customers in floodravaged Jammu & Kashmir, has said the financial impact of the massive tragedy would be "very minimal" on the company. "Financial impact due to the massive floods in Kashmir this month will be very nominal for us. Even after the...
  • LIC India sells 2.53 pc stake in Maruti Suzuki May 21, 2013

    New Delhi: The country's largest car maker Maruti Suzuki India today said Life Insurance Corporation of India has sold 2.53 per cent stake in the company over a period of almost six months. Postsale, LIC's stake in Maruti Suzuki India (MSI) has come down to 8.247...
  • LIC asked to pay Rs 1 lakh for denying claim arbitrarily March 17, 2013

    New Delhi: Life Insurance Corporation (LIC) has been directed by a consumer forum here to pay Rs one lakh to the husband of a policy holder for "arbitrarily" rejecting his claim for the assured amount on his wife's death. The New Delhi District Consumer Disputes Redressal Forum observed that LIC...
  • Advertorial: LIC 56 Years of Service since 1956 September 1, 2012

    Life Insurance Corporation of India turns 56 on 1st September, 2012. One of the objectives of the Corporation is the use of peoples money for peoples welfare and the life funds are deployed for the best advantage of LIC policyholders as well as for the community. A new micro insurance product...
  • Moody's reviewing LIC rating; downgrade likely May 1, 2012

    New Delhi: Global agency Moody's on Monday said it is reviewing rating of stateowned LIC for a possible downgrade over its huge exposure to government bonds. "Moody's has placed the insurance financial strength rating of Life Insurance Corporation of India (LIC) (Baa2/stable) under review for possible downgrade," Moody's Investors Service...
  • LIC introduces unique new health plan: Jeevan Arogya June 10, 2011

    Mumbai: From June 1, 2011 LIC of India is launching a New NonLinked Health Insurance Plan "Jeevan Arogya". The plan offers comprehensive hospitalization benefits for the whole family of the Principal Insured. A unique feature of this plan is that it also offers to cover the Parents inlaw of the...
  • All India LIC entrance papers leaked February 27, 2011

    New Delhi: The allIndia Life Insurance Corporation (LIC) entrance exam paper for the 375 posts of assistant administrative officer was allegedly leaked. The police got a tip off on Saturday night and had the examination paper in their possession. The Delhi crime branch has the exam paper in its possession. Raids were...