Life Insurance Corporation of India (LIC) was declared winner of Outlook Money NDTV PROFIT – Best Life Insurer Award 2009, according to a press release from the corporation. Dr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission, handed over the award to Mr T S Vijayan, Chairman,  LIC, at a function held at Mumbai on October [...]

Life Insurance Corporation of India (LIC) emerged as the winner of the NDTV PROFIT – Business Leadership Award 2009 for the fourth time in a row. According to a press release from the corporation, this prestigious award is with LIC right from the inception of the awards. NDTV Profit announced the winners of the awards [...]

Close on the heels of the Kerala government and some companies claiming to cater to the Shariat-compliant investment methods of Muslims in the country, Life Insurance Corporation of India (LIC) and State Bank of India are trying to launch Islamic products in the overseas and local markets, according to media reports. According to Mr T [...]

The 600 plus attendance at the 12th Insurance Summit 2009 on September 18, organised by the Confederation of Indian Industry (CII) at Mumbai, the most in 10 years, had a lot to discuss. Even though the ‘commission issue’ was every one’s lips, other routine issues too were addressed by doyens who took the mike.

The Indian stock markets declined drastically in the third quarter of the financial year 2008-09 but a bigger decline was prevented by the ongoing investment plans of the Indian Life insurance companies, say media reports. Life insurance companies invested around Rs 47,900 crore between April and December, 2008 in the stock market according to data [...]

LIC Corporation of India has signed a bancassurance agreement with Punjab National Bank to enable the bank to sell its policies through its 4,000 plus branch network across the country. The agreement was signed on March 16th in the presence of LIC Chairman Mr T S Vijayan and the bank’s Chairman and Managing Director Mr [...]