LIC customers have the option to electronically submit their documentation via the LIC site instead of physically submitting it. LIC is urg...

Customers who fail to update their Know Your Customer (KYC) information for life insurance plans are not fined, according to the Life Insur...

“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...

"In order to participate in any such public offering, policyholders will need to ensure that their PAN details are updated in the Corporati...

The digital KYC process will facilitate all BSE StAR Members to ensure zero contact, hassle-free customer onboarding process, especially du...

The policyholders can send the maturity claims and survival benefit requirements by email. The mail should be sent to the servicing branch....

"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...

Till now, policy buyers could choose between ‘male’ and ‘female’ as gender options. Now transgender applicants can opt for the ‘third gende...

Domestic financial institutions and MF's pitched for rationalisation of tax provisions to improve ease of doing business in the country.

Integration of eKYC with Aadhaar would provide linkage to policy operations and in the coming years, the focus would be on enabling eKYC in...

The penalty was levied in connection with deficiencies and lapses in the operation and maintenance of the currency chest at the Secunderaba...

Finance Ministry asked PSU banks and LIC to take immediate action against employees "appears to be advising" customers on ways of violating...

In its second expose, Cobrapost accused country's leading banks and insurance companies of "running a nation-wide money laundering racket.

The Union Budget has relaxed several rules making it easier for insurers to sell their products in interiors.

There may be some modification in the tax incentive structure, to make RGESS more attractive to retail investors.

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...

Insurance cos can now hold up to 15% stake in any company, up from 10% at present, as the regulator IRDA today permitted raising of the inv...