The India Express

Life insurance firms settled 2.2 lakh Covid death claims: Regulator data

Compensation towards Covid death claims were reported under individual, group policies and the PM Jeevan Jyoti Bima Yojana (PMJJBY). Back-of-the-envelope calculations indicate that the average claim per person was Rs 7,63,965.

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Top five financial gifts to help your children meet their goals

To ensure the financial well-being of your children, let us learn about five financial gifts one can leave for their family.

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Achieving long-term wealth creation goals

As Indians wake up to the fact that long-term wealth creation and protection is critical, many are urgently re-evaluating their long-term portfolios.

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RBI extends regulatory restrictions on PMC for three more months

The central bank had last imposed regulatory regulations on PMC for six months on September 23, 2019 citing various irregularities, hiding and misreporting of loans given to real estate developer HDIL.

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Women Empowerment: More and more Indian women are now buying life insurance

The total number of policies sold in the year 2018-19 stands at 2.86 crore, with a first-year premium (FYP) of 97,690 crore. Out of the number of policies sold, women accounted for 1.03 crore policies in FY 2018-19 (90 lacs in previous fiscal) with an FYP of Rs 36,525 crore in FY 2018-19 (29,801 crore).

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LIC investment in G-secs rises to Rs 2.81L crore in 10 months

Life Insurance Corporation (LIC), which is gearing up for its initial public offering (IPO), on Friday said investments made by the corporation in government securities rose to Rs 2.81 lakh crore in the period between April-January 2020, much higher than the target of Rs 2.55 lakh crore. India’s largest insurance company with assets of over

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Dreaming of an early retirement? Here is how you can FIRE your way to it!

Lastly, the pre-determined withdrawal rates may not work if your savings include high-risk investments, prone to market volatility.

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‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’

"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).

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LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal

The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.

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