by Team Small News | Apr 23, 2025 | Insurance, LIC
The Indian life insurance industry has reported a 5.1% increase in new premium collection, reaching Rs 3.97 lakh crore in the financial year 2024-2025. This growth was largely driven by Life Insurance Corporation of India (LIC), which collected Rs 2.26 lakh crore in...
by Team Small News | Apr 23, 2025 | HDFC Standard Life, ICICI Prudential Life, Insurance, LIC
The life insurance industry in India has reported a 2% year-on-year increase in first-year premiums for the month of March, with total collections reaching ₹61,439 crore. This growth is a welcome relief after a weak February, which saw a 12% year-on-year decline in...
by Team Small News | Apr 14, 2025 | Insurance, LIC
The Life Insurance Corporation of India (LIC) has introduced the Jeevan Shiromani Policy, a premium insurance plan designed for high-net-worth individuals. This non-linked savings and protection plan offers a unique combination of guaranteed returns and critical...
by Team Small News | Apr 12, 2025 | Insurance, LIC
The Life Insurance Corporation of India (LIC), the country’s largest insurer, has launched its Marketing Technology (MarTech) platform, marking a significant milestone in its digital transformation initiative, Project DIVELIC. This launch marks LIC’s first...
by Team Small News | Apr 11, 2025 | Insurance, LIC
The District Consumer Disputes Redressal Commission in Mysore, Karnataka, ruled that an insured individual who takes out multiple insurance policies with different agents and uses various name variations, suggesting a pre-existing illness, must disclose this...
by Team Small News | Apr 10, 2025 | Insurance, LIC
The Life Insurance Corporation of India (LIC) has announced the appointment of two new officials to senior management positions on its board. Vivek Paul and Govind Prasad Agarwal have been appointed to the roles of Senior Management Personnel. Vivek Paul takes over as...