A large part of the company's income stems from single premium products which have low margins. Private companies in this sector are far more aggressi
In its letter, LIC has warned that action will be taken against those who share unverified information on the IPO
LIC collected Rs 1.8 lakh crore in first-year premium from 2.1 crore fresh policies in FY21
The concession in late fee will help those who could not pay premiums due to job loss during the Covid-19 pandemic
LIC news updates: According to the Irdai rules, the insurer is required to settle a claim within 30 days of receipt of all documents
LIC offers various types of riders such as critical illness, permanent disability, accidental death and waiver of premium riders
Zomato last week said it plans to raise Rs 9,375 crore through an initial share sale that will open for subscription from July 14-16
A lapsed policy may be revived by payment of the accumulated premiums with interest as well as giving the health requirements as required
LIC received claims from 7,58,916 policies in FY20, out of which 7,33,809 were settled. The claims value stood at Rs 13,694.34 crore.
Up to 10 per cent of the LIC IPO issue size would be reserved for policyholders