The country’s largest life insurance provider Life Insurance Corporation of India (LIC) is planning to enter the health insurance market. This strategic move involves acquiring a substantial stake in government-backed insurance provider ManipalCigna Health Insurance. With this potential deal, LIC aims to diversify its portfolio and expand its footprint in the growing health insurance sector. … Read more
Life Insurance Corporation of India (LIC), the cornerstone of India’s insurance industry, has taken a significant step towards empowering women through its Women Career Agent or “Bima Sakhi” initiative. The scheme, which will be officially launched by the Hon’ble Prime Minister Shri Narendra Modi during an event in Panipat, Haryana on December 9, 2024, aims … Read more
RBI Monetary Policy – Life Insurance Corporation (LIC) of India is one of the leading providers of pension and annuity plans in the country. These plans are designed to provide regular income after retirement, which can be a crucial component of financial planning. LIC pension plans, such as Jeevan Akshay and Jeevan Shanti, are popular … Read more
Life Insurance Corporation (LIC) is renowned for offering secure investment opportunities and life insurance. However, beyond its traditional insurance products, LIC mutual funds present a lucrative avenue for those looking to maximize returns while ensuring regular monthly income. This article explores how an investment of ₹3 lakh in LIC mutual fund scheme can generate a … Read more
Life Insurance Corporation (LIC) of India, one of the most trusted names in the Indian insurance sector, has recently introduced a set of new plans and modifications to existing policies. While these developments aim to offer more tailored solutions for policyholders, they have also sparked significant concerns among LIC agents. Issues such as reduced commission … Read more
Upcoming LIC Plan on November 18 – The Life Insurance Corporation of India (LIC) is set to launch a new suite of revised and modified insurance plans on November 18, aimed at offering customers a wider array of choices and improved benefits. Following the changes introduced in October 2024, LIC continues its push to meet … Read more
GST Removal – In a significant development aimed at making life and health insurance policies more affordable, the Indian government is considering a proposal to remove the Goods and Services Tax (GST) on these insurance premiums. This move is expected to provide much-needed financial relief to policyholders, especially for those who find the high premiums … Read more
In a groundbreaking move, the Life Insurance Corporation of India (LIC) has implemented a trail initiative in the Moradabad district of Uttar Pradesh, offering premium refunds with interest to policyholders who could not maintain their policy payments beyond the initial installment. Traditionally, policyholders who ceased paying premiums before three years were not eligible for refunds, … Read more
In a rapidly evolving financial landscape, LIC (Life Insurance Corporation of India) has announced plans to establish partnerships with companies from two dynamic sectors: Fintech and E-commerce. This strategy, introduced by LIC’s leadership, highlights a broader vision of expanding LIC’s insurance services to reach every household by 2047. This move brings potential opportunities and inevitable … Read more
In a recent press release dated November 8, 2024, LIC presented its half-yearly performance update for the fiscal year ending September 30, 2024. LIC latest financial and operational milestones demonstrate a substantial growth trajectory across multiple metrics, underscoring its position as a dominant player in the insurance sector. This report provides a detailed look into … Read more