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LIC COMMISSION
LIC policy restructuring: Congress MP Manickam Tagore raises concern, writes to FM SitharamanCongress MP Manickam Tagore has written to Finance Minister Nirmala Sitharaman expressing concerns about recent LIC policy changes. Tagore ...11 Nov, 2024, 08.53 AM IST- Consumer forum directs LIC to pay Rs 2 lakh claim to widow of policyholderA consumer commission in Mumbai has directed the Life Insurance Corporation of India (LIC) to pay a claim of Rs 2 lakh to the widow of a po...07 Jun, 2024, 07.44 PM IST
- Daughter wins health insurance claim fight against LIC after 8 years, to get Rs 1.6 lakh as against Rs 17,100 paid by the insurerLIC Jeevan Arogya: Life Insurance Corporation of India (LIC) was ordered by National Consumer Disputes Redressal Commission (NCDRC) to pay ...02 Feb, 2024, 10.43 AM IST
- LIC notifies hike in gratuity limit to Rs 5 lakh for its agentsThe Finance Ministry in September had approved a series of welfare measures, including enhancement of the gratuity limit and family pension...15 Dec, 2023, 08.17 PM IST
- LIC agents welfare measures: Govt increases gratuity limit, term insurance cover, sets uniform pension rateThe welfare measures include modifications to the LIC (Agents) Regulations, 2017, an increase in the gratuity limit, and a uniform rate of ...18 Sep, 2023, 04.24 PM IST
- Nirmala Sitharaman intervenes after Covid orphan gets notices on Rs 29L loanUnion Finance Minister Nirmala Sitharaman on Sunday intervened in the case of Bhopal's 17-year-old Vanisha Pathak, who has been issued lega...06 Jun, 2022, 10.14 PM IST
- CCI approves Nomura's 35 per cent stake sale in LIC Nomura MFThe shares will be acquired by GIC Housing Finance (GIC HFL), Corporation Bank and LIC Housing Finance (LIC HFL).07 Apr, 2016, 06.05 PM IST
- LIC's key to success: Incentives and perks to keep agents performingA key reason why LIC has held its own against private competition is its hundreds of thousands of agents who procure the vast bulk of its b...20 Oct, 2012, 05.30 AM IST
- LIC sees degrowth on ULIP this fiscal, says governmentThe government said Life Insurance Corporation of India has seen a degrowth in sales of unit linked insurance plans (ULIP) in the current f...20 Mar, 2012, 05.06 PM IST
- Fail to state illness, and you may lose death coverNot declaring sick leave or ailments in a life insurance proposal provides sufficient ground to reject a death claim years later.11 Sep, 2010, 04.10 AM IST
- LIC sees gains in fee cap, to grow bancassurance alliesLIC expects to grow its bancassurance partners under the new regulatory regime, which compels insurers to reduce commission to distributors.24 Jun, 2010, 12.12 AM IST
- Insurance co can reject claim for understating ageAn insurance company can reject a claim if the policy holder had understated his age at the time of joining the scheme.11 Apr, 2010, 10.36 AM IST
- LIC plans to alter ULIP polices termsLife Insurance Corporation of India (LIC) was planning to raise minimum premium from Rs 25,000 to Rs 40,000 and increase the lock in period...22 Nov, 2009, 10.40 PM IST
- Insurance claim? Get your commas rightInsurance firm tries to dodge paying amount to accident victim, says one comma in policy meant he was not eligible for claim. Thumb rules o...21 Sep, 2009, 03.39 PM IST
- LIC flayed for showing 'scant regard' to policy holderLife Insurance Corporation of India (LIC) has come under flak from the National Consumer Commission for showing "scant regard" to the inter...06 Sep, 2009, 10.54 AM IST
- Insurance can be rejected for 'fraudulent suppression': PanelConcealment of material facts on health and failure to give satisfactory explanation for long absence from duty can be reasonable grounds f...13 Mar, 2009, 03.59 PM IST
- Insurance claim cannot be rejected on employer's default: PanelLife insurance company cannot reject a claim filed by the family of a deceased, if his employer defaults in paying his policy's premium. Ke...10 Mar, 2008, 09.37 PM IST
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