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LIC Explores Fintech Venture For Digital Innovation, Guaranteed Returns, Says Chairman

The Life Insurance Corporation of India (LIC), a financial behemoth, is considering the establishment of its own fintech arm. While the finer details are yet to be finalized, the state-run insurance giant aims to leverage technology to enhance customer reach, operational ...

LIC IPO: How Can Policyholders Apply To Get Eligible Discount?

LIC IPO on its first day of subscription received a good response. Despite the stock market falling after the Reserve Bank of India (RBI) hiked interest rates, the mega initial public offering (IPO) of Life Insurance Corporation (LIC) had a strong ...

LIC Policyholder: Here's How You Can Check Your LIC Policy-PAN Link Status

Following the submission of a DRHP by Life Insurance Corporation (LIC), the market is anxiously anticipating SEBI's approval of the LIC IPO. LIC policyholders and LIC staff are eagerly anticipating the commencement of the LIC IPO subscription window for many reasons, ...

LIC IPO: Things Policyholder You Should Be Aware Of Before The Launch Of Its IPO

India's biggest insurer LIC's IPo is expected to launch in 2022 by the end of March. However, the launch date is not confirmed. Its draft red herring prospectus (DRHP) does not specify the offered size, but the central government will offload ...

LIC IPO: What Does The Mega IPO Hold For LIC Policyholders?

On 13 February 2022, the government-owned insurer LIC has submitted its draught red herring prospectus (DRHP) for its much-awaited massive IPO with the market regulator SEBI. The LIC IPO, India's largest IPO, is expected to go public in the second week ...

LIC's Alert: Don't Attend To Calls From Unverified Sources

LIC in an alert release has asked policyholders to not give in to unscrupulous individuals' demands pretending to be company's agents or officials. The company says that these people can call and cheat you. So, for all the ...

Changes in Insurance Ombudsman Rules for Better Resolution of Policyholders

The government has introduced reforms to the Insurance Ombudsman Regulations in order to enhance the settlement of policyholder concerns about insurance service deficiencies. Policyholders will also be able to submit complaints to the Ombudsman electronically, and a complaints management system will ...

Policyholders To Get Real-time Update On Insurance Claim Filed

IRDAI in pursuance to make policyholder's work rather hassle-free who have been running from pillar to post to get their claims settled has now asked insurers to give status updates on the claim settlement process. Until now basic details concerning insurance ...

Put Unclaimed Money In Special Fund For Elderly: IRDAI To Insurers

The latest directive put forth by the insurance regulatory body is in continuance of the earlier order concerning unclaimed amounts. As per the latest order given on Tuesday, accruals that remain unclaimed for more than ten years as on September ...

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