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LIC unveils Jeevan Azad limited premium payment plan

Jeevan Azad Plan The Life Insurance Corporation of India (LIC) has launched LIC Jeevan Azad Plan. It is a limited period premium payment plan that offers financial support for the family in case of unfortunate death of the life assured...

Government and LIC to cooperatively divest 60.72% share in IDBI Bank

LIC to divest 60.72% share in IDBI Bank: The government announced that it and LIC would sell a combined 60.72 percent share in IDBI Bank in order to privatise the banking institution. In order to be qualified to bid for...

LIC Introduces Non-participating, Unit-linked New Pension Plus Plan 867

LIC New Pension Plus 867 Life Insurance Company (LIC) introduced a new plan, LIC New Pension Plus 867. The LIC New Pension Plus 867 is a non-participating, unit-linked insurance plan that again comes with "guaranteed addition". The plan indicates that...

LIC out of list of Top 10 valued Indian Companies, Replaced by Bajaj and Adani Transmission

Life Insurance Company (LIC) is out of the top 10 companies by market capitalization as it has been replaced by Bajaj Finance and Adani Transmission. LIC has dropped to 11th position in the list, Bajaj Finance at 10th, and Adani...

India overtakes China and UK to become world’s 10th largest life insurer

The most recent report tracking the performance of the industry by Benori Knowledge, a cutting-edge provider of custom research and analytics solutions, highlighted the life insurance sector's growth at a CAGR of 11% from 2017-2022 and is projected to grow...

Dhan Sanchay: A new life insurance product from LIC India

The Life Insurance Corporation of India (LIC) has introduced Dhan Sanchay, a non-linked, non-participating individual savings life insurance plan that offers both protection and savings. This plan provides financial support to the family if the life assured dies prematurely during...