Get bonus for verifying your policy number and KYC details; LIC warns customers against such cyber fraud tacticsLIC: Life Insurance Corporation of India (LIC) has issued a public notice warning its customers about an ongoing fraud in its name. LIC cau...
LIC customers: How to file maturity claim for LIC policy to get your moneyLIC customers have the option to electronically submit their documentation via the LIC site instead of physically submitting it. LIC is urg...
LIC warns policyholder about fake information with regard to penalty charges for KYC updateCustomers who fail to update their Know Your Customer (KYC) information for life insurance plans are not fined, according to the Life Insur...
How LIC policyholder can update PAN details with the insurer to invest in its proposed IPO“In the interest of our policyholders, we have in the past been running advertisements calling upon you to update your PAN details in our r...
IPO-bound LIC asks its policyholders to update PAN for participation in public offer"In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporati...
LIC Mutual Fund launches eKYC servicesThe digital KYC process will facilitate all BSE StAR Members to ensure zero contact, hassle-free customer onboarding process, especially du...
LIC policyholders can submit maturity claim documents online till June 30, 2020The policyholders can send the maturity claims and survival benefit requirements by email. The mail should be sent to the servicing branch....
IRDAI working with govt to create a simple platform for KYC"Aadhar is not mandatory for the (insurance) sector but is the most simple one. On the government level they are creating a platform for al...
LIC introduces third gender option in its proposal form; move cleared by IRDATill now, policy buyers could choose between ‘male’ and ‘female’ as gender options. Now transgender applicants can opt for the ‘third gende...
Financial institutions, mutual funds pitch for easier taxation norms, uniform KYCDomestic financial institutions and MF's pitched for rationalisation of tax provisions to improve ease of doing business in the country.
LIC creates platform for Aadhar-linked electronic KYC normsIntegration of eKYC with Aadhaar would provide linkage to policy operations and in the coming years, the focus would be on enabling eKYC in...
RBI imposes Rs 5.6 lakh fine on SBI for violation of normsThe penalty was levied in connection with deficiencies and lapses in the operation and maintenance of the currency chest at the Secunderaba...
Cobrapost: Finance Ministry for immediate action against staffFinance Ministry asked PSU banks and LIC to take immediate action against employees "appears to be advising" customers on ways of violating...
Money laundering allegations against banks; government begins probeIn its second expose, Cobrapost accused country's leading banks and insurance companies of "running a nation-wide money laundering racket.
Budget 2013: Banks to sell multiple insurance productsThe Union Budget has relaxed several rules making it easier for insurers to sell their products in interiors.
Budget 2013: Government may simplify KYC norms for RGESS, says Nilesh SatheThere may be some modification in the tax incentive structure, to make RGESS more attractive to retail investors.
- LIC Nomura MF hopes to garner Rs 100 cr from RGESS
LIC Nomura MF hopes to garner around Rs 100 cr from around 20,000 retail investors under its newly launched Rajiv Gandhi Equity Savings Sch...