Tag: lic
How much do LIC agents earn? The state in which they earn the most is…
LIC agents on an average earn ₹10,328 per month in Himachal Pradesh, the lowest among the insurer’s agents in all states and UTs. The LIC…
CAG report: Telangana needs to repay borrowings of Rs 2.86 lakh crore in 10 years, says CAG
The Telangana government is obligated to repay over Rs 2.67 lakh crore loans borrowed from the market, both principal and interest by FY33, even as…
Focus on value creation in CPSEs, not to push disinvestment just to meet targets: DIPAM Secretary
New Delhi: The focus of the government will be to improve the performance of CPSEs with a view to maximise wealth creation and not to…
LIC warns policyholders about offers to buy their current insurance policies
The Life Insurance Corporation of India (LIC) has clarified its position in response to news reports that some businesses were considering buying policies from current…
IRDAI asks LIC, other insurers to remain open on Saturday, Sunday
The Insurance Regulatory Development Authority of India (IRDAI) has said that insurers are advised to keep their offices open as usual on March 30 and…
Husband wins Rs 1.57 crore health insurance claim against LIC after a 5-year fight
Life Insurance Corporation of India (LIC) was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1.57 crore to the husband of deceased…
Daughter wins health insurance claim fight against LIC after 8 years, to get Rs 1.6 lakh as against Rs 17,100 paid by the insurer
The Life Insurance Corporation of India (LIC) was ordered by the National Consumer Disputes Redressal Commission (NCDRC) to pay Rs 1,60,812 after an 8-year-long battle…
insurance industry: Surrender fee: Insurers propose dual structure as regulator pitches for a hike
Mumbai: The life insurance industry is proposing a dual structure in response to the regulator’s pitch for an increase in the surrender value for non-participating…
input tax credit: GST Council likely to clarify premium on life insurance
(This story originally appeared in on Oct 09, 2023) NEW DELHI: The GST Council will soon provide clarity on input tax credit for life insurers,…
IRDAI allows for modification of withdrawn life insurance products to benefit policyholders; 4 key provisions
The Insurance Regulatory and Development Authority of India (IRDAI) has approved changes to withdrawn life insurance policies that will benefit existing customers. The IRDAI‘s circular…