The proposal to disclose agents’ commission in policy documents was opposed by Life Insurance Corporation of India (LIC) and agents The insurance regulator has already set a deadline of December 2022 for dematerialisation of new insurance policies. This means that by the end of this year, all new policies will have to be issued in … Read more
LIC sees a huge business opportunity in the dematerialization of life insurance policies. LIC has about 70 percent share in the life insurance market. LIC issues about 2 crore new policies every year. Apart from this, the total number of its policies issued earlier is at least 22 crore. LIC can start a depository for … Read more
LIC policy: The country’s largest insurance company Life Insurance Corporation of India (LIC) offers plans for everyone from children to the elderly, which are helpful in raising a large fund even through small savings. There is one such amazing policy in which you can get the benefit of pension for life by investing money once. … Read more
Bank Privatisation: According to a recent update, let us tell you that the Central Government is preparing to sell about 61 percent stake in IDBI Bank in collaboration with insurance company LIC. According to the report, the Central Government will sell 30.48 percent stake and Life Insurance Corporation of India (LIC) will sell 30.24 percent … Read more