The Life Insurance Corporation of India (LIC) has launched a new digital initiative known as the ‘One Man Office’ (OMO) to improve the efficiency of its agents by offering 24/7 digital services. Introduced on February 17, 2025, this initiative is designed to align with LIC’s long-term goal of achieving ‘Insurance for All by 2047’ by […]
LIC Unveils ‘One Man Office’ to Digitally Empower Agents Read More »
LIC launches new ‘Dhan Varsha’ plan: Life Insurance Corporation (LIC) has launched a new scheme ‘LIC Dhan Varsha.’ This is a non-linked, non-participating, individual, savings life insurance plan that offers a combination of protection and savings. October 2022 Current Affairs Quiz This is a close ended plan and would be available for sale till March 31, 2023. Premiums can be paid in
Life insurance corporation (LIC) has has reduced shareholding in Sun Pharmaceuticals by selling 2% stake, in the company for about Rs 3,882 crore, to 5.024%. The shares were sold through open market transactions during the period from May 17,2021 to July 22, 2022. As per the norms of Sebi, listed companies are required to intimate the stock exchanges when their
Max Life Insurance Company Ltd has launched the ‘Max Life Smart Fixed-return Digital Plan’ with Policybazaar. It is a non-linked, non-participating, individual life insurance savings plan. This plan helps customers to meet their short-term financial goals. The plan also offers guaranteed tax-free returns up to 6.14%. Monthly premiums: ₹3000 Minimum tenure: five years The plan is also available to purchase on
Max Life launches life insurance savings plan with Policybazaar Read More »
The Life Insurance Corporation of India (LIC) has launched Dhan Sanchay, a non-linked, non-participating, individual savings life insurance plan . This plan offers financial assistance to the family in the event of the life assured’s untimely death within the policy’s term. It also offers a guaranteed income stream from the date of maturity until the end of the payout period. LIC
LIC India launches Dhan Sanchay life insurance plan Read More »
The Life Insurance Corporation of India (LIC), India’s largest insurer, has launched “Bima Ratna” – a non-linked, non-participating, individual, savings life insurance plan. The new plan, which is aimed at the domestic market, provides both protection and savings. Bima Ratna can be purchased through Corporate Agents, Insurance Marketing Firms (IMF), Brokers, CPSC-SPV, and POSP-LI employed by these intermediaries namely Corporate Agents,
LIC Launches Savings Life Insurance Plan Bima Ratna Read More »
The appointments committee of the Cabinet (ACC) has approved the extension of the tenure of MR Kumar as the Chairman of state-owned insurance company Life Insurance Corporation of India (LIC). M.R.Kumar took charge as Chairman of LIC on March 14, 2019. This is the second extension given to Mr. Kumar. Prior to this, he was given a nine-month extension on June 30,
Centre extends tenure of LIC Chairman M R Kumar by one year till March 2023 Read More »
BC Patnaik has taken charge as Managing Director of Life Insurance Corporation of India. He was appointed as Managing Director vide a government notification dated July 5, 2021, LIC said in a statement. Prior to taking charge as Managing Director of LIC, Patnaik was Secretary-General, Council for Insurance Ombudsmen, (CIO) Mumbai. He joined LIC of India in March 1986 as
