Business Standard

How scamsters tricked investors of Rs 25 cr through fake apps and stocks

A woman from Faridabad was cheated out of Rs 7 crore, a businessman from Noida lost Rs 9 crore, and a doctor from Punjab’s Bathinda was defrauded of Rs 6 crore. These are just a few of the victims of a massive scam recently uncovered by India's Enforcement Directorate (ED).

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LIC to invest around Rs 1.30 trillion in stock market in FY25: MD & CEO

Life Insurance Corporation of India (LIC) MD and CEO Siddhartha Mohanty has said that the corporation is looking to make fresh investments of around Rs 1.30 trillion in equities during the current financial year.

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LIC world's strongest insurance brand: Brand Finance Insurance Report

According to the report, Cathay Life Insurance is the second strongest brand, with a 9 per cent increase in brand value to $4.9 billion

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Health insurance policy for the elderly: How to choose the right one

Rising healthcare costs and inflation are making it increasingly important for senior citizens o have health insurance. As we age, our bodies become more vulnerable to diseases and lifestyle disorders, which can lead to unexpected medical expenses.

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As 6 pvt insurers set to increase term plan premiums, LIC won't raise rates

As many as six life insurance companies are set to increase their term plan premiums by 10-15 per cent from April, but Life Insurance Corporation (LIC), the largest life insurer in the country, will not raise rates for such schemes.

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LIC's equity portfolio value may be at an all-time high of $86 billion

The value of equity holdings of Life Insurance Corporation (LIC) has climbed to record levels. At the end of the September quarter, the insurance behemoth’s holding in companies from the top 200 universe stood at $77 billion. Since then, the market has climbed another 12 per cent.

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LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies

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Can't deny health claims for policies beyond 8 years, says Irdai

The Insurance Regulatory and Development Authority of India (Irdai) has ruled that health insurers cannot contest claims by clients who have persisted with their policies for eight years in a row, citing non-disclosure.

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Realty developers may see a 20% fall in housing prices, says Deepak Parekh

He said it was an excellent buying opportunity for potential homebuyers with job security and savings.

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Changes in I-T rules kick in today; to help govt track taxpayers' income

The Budget has made PAN and Aadhaar interchangeable, but both have to be linked by September 1

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12 documents you need to file your income tax return this year

From Form 16 to tax saving investment proofs, a list of documents you need to have by your side while filing ITR

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Not filing your income tax returns on time? You could be prosecuted

Not filing your income tax returns can lead to prosecution, even if you are entitled to a refund. In a recent decision, the Delhi High Court (HC) held the prosecution proceeding stands committed upon non-filing of income tax return within the prescribed due date under section 139 (1) of the Income-Tax Act.

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LIC views IDBI acquisition as a sound business deal, says Piyush Goyal

The Life Insurance Company (LIC) considers its decision to own 51 per cent in state-owned IDBI Bank a sound business move and a good investment opportunity, Finance Minister Piyush Goyal said on Tuesday.

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Review insurance portfolio every year

Raise the amount of life cover you own if your liabilities and responsibilities have increased during the year

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Remove long-term capital gains tax exemption: BSE

One of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments.

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India to pip Japan and become world's third-largest economy by 2028: BofAML

India is likely to become world’s third largest economy by 2028 and overtake Japan in nominal gross domestic product (GDP), projects a recent Bank of America Merrill Lynch report co-authored by Indranil Sen Gupta and Aastha Gudwani.

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LIC may participate in govt's Rs 2.11-lakh cr bank recapitalisation plan

State-owned Life Insurance Corporation (LIC) may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs).

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77% Indians don't save for retirement, most depend on children for support

While health spending accounts for 13% of total consumption expenditure for elderly households

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Claiming life insurance for a missing person

In case of a natural calamity or a terrorist attack, the claim settlement period can be waived off

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LIC gets lion's share of single premium policies

Life insurance companies reported a 26 per cent rise in first-year premiums in 2016-17 to Rs 1,75,022 crore from Rs 1,38,657 crore in the previous year.

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Don't surrender your insurance policy at a loss

If your Ulip was bought before 2010, it would make sense to continue

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Tax department issues PAN, TAN to new companies in a day

Govt hopes the initiative will improve India's ranking in World Bank's ease of doing report

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LIC to step up income from non-single premium in FY18

Income saw 8% growth at Rs 13,646 cr in Apr-Dec 2016 as against Rs 12,617 cr a year ago

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LIC goes slower on equities in FY17 Single premium segment boosts income to Rs 1.45 lakh crore

The country’s largest insurer, Life Insurance Corporation of India (LIC) — a dominant player in both debt and stock markets — has focused on booking profits from its equity investments in the April-December 2016 period.

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SIDBI ties up with LIC for capital support to enterprises

SIDBI and LIC had signed a MoU to supplement funds under India Aspiration Fund

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Life insurance sector unfazed by demonetisation

On a year-on-year basis, private insurers and LIC grew at a robust pace of 42% and 38%, respectively

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