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17 Apr 2022

LIC IPO: Centre amends FEMA rules to allow 20% FDI in insurer

LIC in February had filed the Draft Red Herring Prospectus (DRHP) before the markets regulator Sebi for the IPO. Last month, Sebi gave approval to the draft papers. The insurer is in the process of filing a request for proposal with changes.

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14 Apr 2022

Here’s how to pay LIC premiums via UPI -- Check step by step process

Previously, policyholders had the only options of paying premiums via online banking and debit or credit cards. But now investors can pay premiums using UPI. LIC is the country's largest life insurance company.

24 Oct 2021

LIC Plan: Get benefits worth Rs 1 crore by investing in Jeevan Shiromani Plan

Investors can pay premiums on a yearly, half-yearly, quarterly, or monthly basis. Investors can start investing in the scheme from the minimum age of 18 years while the maximum age of entry in the plan is 55 years. The maximum tenure for the policy is 14 years if the investor starts investing at the age of 55.

30 Jul 2021

LIC credit card launch: Earn 2X rewards on LIC premium payments

LIC credit cardholders are also entitled to receive several insurance policies such as Air Accident Insurance Cover, personal accident cover, permanent disability cover, and zero lost card liability, among others.

29 Jul 2021

LIC pension plan: Get Rs 12,000 monthly pension on one-time investment

The LIC Saral Pension Scheme lets inventors select the type of annuity from two available options. Investors planning to put their money on LIC Saral Pension Scheme can buy the policy via a LIC agent or through the nearest LIC’s office. You can also invest in the scheme online via www.licindia.in.

12 Jun 2021

LIC Alert! Never do THIS or get ready to face strict legal action

LIC offers a slew of insurance schemes and investment opportunities in India. Website, publishing house and digital entities must not publish LIC's logo without seeking prior permission LIC has warned strict legal action against people found making unauthorised use of its logo.

05 Jun 2021

Invest in THIS LIC policy to get Rs 27 lakh for daughter’s marriage

The scheme is named LIC Kanyadaan Policy. The policy is specially curated to meet the needs of the future of the daughter, especially her marriage. The minimum maturity period of the LIC Kanyadaan Policy is 13 years while the premium varies for different sum assured.

03 Jun 2021

LIC scheme: Pay a single premium in THIS plan to get lifetime returns

LIC has named the scheme Jeevan Akshay, which offers decent returns by investing just once.

22 May 2021

LIC pension scheme: Get Rs 6,859 every month by investing THIS amount once

The 'Jeevan Akshay' policy is one of the best selling policy. Policyholders will have to invest a fixed amount once. Two members of the family can become joint investors in the policy.

09 May 2021

LIC alert! Alternate death proof, online policies and other relaxations, check

LIC has allowed alternate proofs of death as a verification method. The death proof will have to be submitted along with a cremation/burial certificate. LIC is also allowing its customers to submit the documents in any nearby LIC office.

08 May 2021

Good news for LIC policyholders! Claim settlement requirements relaxed

LIC has also introduced life certificate procurement through a video call process. The life insurer has also enabled online NEFT record creation and submission. The insurer said all its offices will be open from Monday to Friday.

16 Apr 2021

Good news For LIC employees! 16% salary hike, 5-day-work week and more

Over one lakh employees of LIC will benefit from the wage revision. LIC employees got a wage hike nine years ago in August 2012. LIC employees are also going to enjoy benefits such as a 5-day-work week with immediate effect.

12 Jun 2017

IRDAI appoints administrator for Sahara Life Insurance Company

Insurance regulator IRDAI on Monday appointed an administrator to manage Sahara India Life Insurance Company, saying Subrata Roy-run insurer was "acting in manner" prejudicial to interest of subscribers.

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