News Updates

News Updates
Spysoft News Updates Section delivers the current top stories, headlines which directly or indirectly relate the Insurance market.

At Rs 5 lakh cr, LIC to be India's most valuable firm if listed

Life Insurance Corporation (LIC), the country’s largest insurer, could be the most valuable Indian company at Rs 4.5-5 lakh crore if it debuts on the bourses, as bankers have suggested to the Union finance ministry.

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Should you buy the LIC online term plan?

While the nation was engrossed in politics last week, LIC quietly triggered a mini revolution in life insurance. The state-owned life insurer launched an online term plan, which could prove to be a game changer for this fast-growing segment....

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LIC dominates new policy collections

CHENNAI: State-owned LIC of India pipped private life insurers in underwriting new policies. The first-year premiums of life insurers during the last fiscal rose 12% to 1.19 lakh crore as against 1.07 lakh crore, on the back of LIC's 18% growth....

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LIC launches two new insurance policies

Life Insurance Corporation (LIC) on Tuesday launched two new policies, including a unit linked insurance plan. Flexi Plus, a unit linked insurance product, not only provides a lump sum benefit....

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LIC goes mobile – launches Application for Android based devices!

The Life Insurance Corporation of India (LIC) has in its endeavour to provide relevant and timely information to its customers and field force launched the ‘LICMobile’ – the official Mobile Application for Android based devices....

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LIC earned Rs 6,542 cr profit from Stock Market...

New Delhi: Country's largest insurer, Life Insurance Corporation, earned Rs 6,542.72 crore profit from investments in stock market in the first seven months of the current fiscal, Parliament was informed today....

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LIC joins online play with pure term policy

MUMBAI: Life Insurance Corporation will sell its policy through the internet for the first time soon with the launch of a pure term plan. "We are in the process of designing a pure term product which would be sold through both online and through agents," LIC's ED- marketing S Roy Chowdhury. "The rates will be lower than what is charged at the moment," he added.....

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LIC remains wary of realty and telecom stocks: S Bandhopadhyay, equity investment chief

MUMBAI: India's biggest domestic institutional investor, Life Insurance Corporation of India (LIC), is bullish on oil and cement sector stocks which, it says, have the potential to outperform the benchmark indices. The country's biggest insurer, which has more than 12 lakh crore assets under management, will stay away from realty stocks, said S Bandhopadhyay, LIC's chief investment-equity officer.....

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NBFC to tap parent LIC's infrastructure for setting up bank

MUMBAI: LIC Housing Finance, a subsidiary of state-run Life Insurance Corporation, has worked out a roadmap to apply for banking licence and has completed the basic paperwork. The housing finance company, like many corporates, is awaiting the central bank’s final guidelines to start a bank. “We have appointed an ex-banker for the paperwork....

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Sovereign guarantee for all policies issued by LIC will continue..

Sovereign guarantee for all policies issued byLife Insurance Corporation (LIC) will continue, a government official said, allaying fears of millions of clients of the country's largest life insurer.The government has decided to drop a clause from the Life Insurance Corporation (Amendment) Bill 2009 that suggested limits on the sovereign guarantee available to the country's largest life insurer...

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Jeevan Arogya (Table No 903) Launched...

LIC has launched Jeevan Arogya, a unique non-linked Health Insurance plan which provides health insurance cover against certain specified health risks and provides you with timely support in case of medical emergencies and helps you and your family remain financially independent in difficult times

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LIC Crosses 2.5 Crore Policies Target

Life Insurance Corporation today said it has crossed the landmark 2.5 crore policies in the current year as of January 29....

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