Sk Roy

State-run life insurance behemoth LIC Chairman S K Roy, appointed by previous UPA government, has resigned nearly two years ahead of completion of his five-year term.

LIC hopeful of crossing new premium target this fiscal: Chmn

The Corporation had set a target of Rs 31,000 crore of new premium income this fiscal year and its Chairman SK Roy said the optimism comes from the fact that the Corporation has been witnessing growth in sales since December

Dena Bank, LIC sign MoU to provide life cover under PMJBY

Under the Memorandum of Understanding, LIC will give a life cover of Rs 2 lakh in case of death of the insured person at a nominal premium of Rs 330 per annum. Account holders in the age group of 18 to 50 years can avail of the product.

Have already invested over Rs 45k crore this fiscal: LIC

Talking to media at an event in Mumbai, LIC Chairman SK Roy said the insurance giant has already made investments of more than Rs 45,000 crore for the current fiscal.

Can cross Rs 40K cr investment target if H2 mirrors Q2: LIC

LIC had a fantastic performance in Q2 and expects the same for the second half of FY14, says chairman SK Roy. Also, he finds banking sector attractive with a longer-term perspective.

Target 13% growth in premium collection this year: LIC

The 6.4 percent fall in premium collections last year was on account of the absence of a product in the pension and group schemes platform, despite there being a market for the products. But this year, LIC is in line with ensuring a bouquet of products for the pension and group schemes