In terms of Section 28B of the Life Insurance ... Board of India ("SEBI") vide its letter dated May 14, 2024 has conveyed its decision, to grant additional time of 3 years to the Corporation ...

For the fiscal market leader, the State-owned Life Insurance Corporation of India (LIC) reported a 1.86 ... access was complemented by significant agent additions —over 11,15,661 new individual ...

Life Insurance Corporation of India (LIC) is an iconic brand built ... leverage its extensive agent network, and enhance long-term profitability. With a strong financial backbone, an unparalleled ...

According to Life Insurance Council data, the country’s largest life insurer, Life Insurance Corporation of India posted a muted ... portfolios and recalibrated agent commissions to minimise ...

Life Insurance Corporation of India was established on September 1, 1956 under the Life Insurance Corporation Act, 1956. The Corporation obtained Certificate of Registration, to undertake the ...

The Insurance ... by allowing agents to sell products from multiple insurers. Comprehensive legislative changes In addition to amending the Insurance Act, 1938, the Life Insurance Corporation ...

"This enhanced limit will be available for those companies which invest the entire premium in India. The current ... legislative excercise, the Life Insurance Corporation Act 1956, and the ...

“This enhanced limit will be available for those companies which invest the entire premium in India ... legislative excercise, the Life Insurance Corporation Act 1956, and the Insurance ...

Insurance behemoth Life Insurance Corporation of India (LIC) garnered Rs 2.26 lakh crore in total ... 11,15,661 new individual life insurance agents in the fiscal year 2024-25, leading to a 7.88 per ...

The bill also proposes agents to be allowed to sell products from multiple insurers breaking away from the existing exclusivity model. As part of comprehensive legislative excercise, the Life ...

Replying to a question related to Life Insurance Corporation of India’s proposed entry into the health insurance segment, Gala said that the move would be value accretive because the insurer has an ...