LIC Policy

The government is nudging LIC to tweak its product strategy to maximise profitability in a bid to help the country's largest insurer realise its full growth potential and yield better returns for investors, an official said. Life Insurance Corporation (LIC) has been trading below the issue price of Rs 949 a share ever since it got listed on stock exchanges on May 17. It listed at Rs 872 apiece on NSE. On Tuesday, the scrip settled at Rs 595.50, down 0.72 per cent over the previous close. Foreign brokerages, however, remain bullish on LIC setting a higher target price over the next year as they feel that the insurer has good medium-term market potential, negligible high risk assets and robust core operating Return on Embedded Value (ROEV). Citi in a research report dated October 14 set a target price of Rs 1,000 for LIC scrip, saying LIC is 'positioned better than mature global players'. The finance ministry in its performance review has been sensitising the LIC management about th

We intend to sharpen the focus on bancassurance to steadily and considerably increase its volume, thereby its share in our business, said Kumar

The National Commission decided a person can be said to be intoxicated only when blood alcohol level is 100 mg per 100 ml or more

The campaign is launched to benefit those policy holders who were not able to pay premiums due to unavoidable circumstances and their policy lapsed

However, in Q1, the industry posted a 40% YoY growth in new biz premiums

LIC Board sets August 26 as record date for dividend payment, approves investment in proposed rights issue of LIC (Nepal) Ltd

Fund to be raised via 10-yr bonds; another Rs 2K cr to come via 18-month papers

How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders

To encourage individuals to continue their risk cover amid the coronavirus pandemic, LIC on Thursday launched a campaign where lapsed policies can be revived. The insurance behemoth has launched a Special Revival Campaign starting from January 7 till March 6 for its customers to revive their lapsed individual policies subject to certain conditions. It has also authorised its 1,526 satellite offices to revive policies where special medical tests are not required. "Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions," LIC said in a statement. Certain concession in health requirements is also being offered subject to eligibility, it said, adding that most policies can be revived only on the basis of a declaration of good health and a COVID-19 questionnaire to be submitted by the proposer/ life assured. LIC had launched a similar campaign from August 10 till

The sale of term plans gathered pace only over the past four-five years

The country's largest life insurer LIC, which is the only state-owned life insurance firm, witnessed more than two-fold rise in its new premium collection

When insurance companies run them, the penalty is waived and you do not have to undergo a medical test

Jeevan Umang covers up to 100 years, has no upper limit of basic sum insured