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).
Read MoreLife 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.
Read MoreAccording to the report, Cathay Life Insurance is the second strongest brand, with a 9 per cent increase in brand value to $4.9 billion
Read MoreRising 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.
Read MoreAs 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.
Read MoreThe 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.
Read MoreThe 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
Read MoreThe 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.
Read MoreHe said it was an excellent buying opportunity for potential homebuyers with job security and savings.
Read MoreThe Budget has made PAN and Aadhaar interchangeable, but both have to be linked by September 1
Read MoreFrom Form 16 to tax saving investment proofs, a list of documents you need to have by your side while filing ITR
Read MoreNot 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.
Read MoreThe 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.
Read MoreRaise the amount of life cover you own if your liabilities and responsibilities have increased during the year
Read MoreOne of the most important stock market participants is making a case for reinstating of long-term capital gains (LTCG) tax on equity investments.
Read MoreIndia 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.
Read MoreState-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).
Read MoreWhile health spending accounts for 13% of total consumption expenditure for elderly households
Read MoreIn case of a natural calamity or a terrorist attack, the claim settlement period can be waived off
Read MoreLife 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.
Read MoreIf your Ulip was bought before 2010, it would make sense to continue
Read MoreGovt hopes the initiative will improve India's ranking in World Bank's ease of doing report
Read MoreIncome saw 8% growth at Rs 13,646 cr in Apr-Dec 2016 as against Rs 12,617 cr a year ago
Read MoreThe 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.
Read MoreSIDBI and LIC had signed a MoU to supplement funds under India Aspiration Fund
Read MoreOn a year-on-year basis, private insurers and LIC grew at a robust pace of 42% and 38%, respectively
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