Feb 28, 2017 07:00 PM IST
Thanks to the favourable demographics, Indian insurance sector is in a sweet spot and the markets should closely watch India's largest insurer LIC.
- Feb 27, 2017 08:00 PM IST
"As part of the strategy for the less cash economy, LIC is also gearing up for providing PoS machines to its few lakhs active agents initially so that premium collection can be done in digitally," a senior official said.
- Feb 27, 2017 07:24 PM IST
LIC posted a robust growth of 12.43 percent in the total premium income at Rs 1.45 trillion for the first nine months of the current fiscal ended December 31, 2016 from Rs 1.29 trillion in the corresponding period a year ago.
- Feb 27, 2017 05:57 PM IST
Earlier this month, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.
- Feb 27, 2017 04:48 PM IST
V K Sharma, chairman, LIC said that they are a contrarian player in the markets. He added that equity usually forms 12 percent of their total investable assets.
- Feb 27, 2017 02:27 PM IST
Speaking to CNBC-TV18, Arijit Basu, MD & CEO of SBI Life, said that BNP Paribas Cardif, which owns 26 percent in the company, had decided not to increase its stake in the joint venture.
- Feb 22, 2017 03:58 PM IST
From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the next few weeks.
- Feb 16, 2017 03:34 PM IST
The proposal to have mentors for insurance agents is still to be implemented in the sector. While agent numbers continue to dwindle, plans to help them stay longer in the industry have been short-lived.
- Feb 13, 2017 09:02 AM IST
The new business, or the first-year premium of life insurance companies, stood at Rs 10,283.89 crore in January 2016.
- Feb 11, 2017 06:24 PM IST
Life Insurance Corporation of India (LIC) said it has acquired an additional 2 percent stake in Infosys in over three years ending February 2017.
- Feb 10, 2017 12:37 PM IST
LIC already has Usha Sangwan as its managing director and Bhargava will join her as the second MD
- Feb 10, 2017 11:56 AM IST
The Appointments Committee of Cabinet has approved Bhargava's appointment to the post till his superannuation, i.e., July 31, 2019, an order issued by Personnel Ministry said.
- Feb 09, 2017 04:19 PM IST
According to data from the Life Insurance Council, companies have posted a 35 percent growth in their first year premiums on a year-on-year basis.
- Feb 09, 2017 11:07 AM IST
Speaking to Moneycontrol, JN Gupta, Co-founder and MD of proxy advisory firm Stakeholders Empowerment Services (SES) said that in real sense, one arm of the government is the seller and other is the buyer, so at best it a resource [mobilisation] exercise by the government."
- Feb 08, 2017 10:27 AM IST
The insurance regulator has made changes in the commission structure that will offer insurance agents remuneration at the rate of 40 percent of the first-year premium for pure risk policies.
- Feb 06, 2017 03:17 PM IST
State-run UCO Bank has written to LIC requesting it to invest Rs 1,000 crore in Tier-2 bonds of the bank, a source told Moneycontrol
- Feb 01, 2017 02:55 PM IST
This will be annual guaranteed return for all above 60 years of age
- Jan 30, 2017 06:04 PM IST
A majority of private life insurers, either have banks as promoters or as partners which gives them an almost exclusive access to their entire branch network.
- Jan 20, 2017 07:58 PM IST
The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.
- Jan 20, 2017 02:38 PM IST
Even when voting decisions are put forward, large insurers take a neutral stand and abstain from voting or vote for the management. These activities will now have to be declared publicly along with reasons for it
- Jan 19, 2017 07:51 PM IST
This move will make insurance company disclose all their activity in invested companies with reasons for any decision
- Jan 18, 2017 05:45 PM IST
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
- Jan 17, 2017 07:28 PM IST
Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.
- Jan 10, 2017 02:58 PM IST
The current financial year has already seen 72 new products being developed in the life insurance industry, according to the country‘s insurance regulator.
- Jan 09, 2017 11:34 AM IST
Sources familiar with the life insurer's plans told Mint that due to lack of opportunities in a weak equity market, LIC will invest the surplus money earned from premiums in fixed income papers instead of stocks.