Every needs a cheap and best deal, same is the case with life insurance. Now a days there are lots of life insurance companies in India.
As a result of a global restructuring exercise, ING Group decided to exit out of the insurance business from Asia Pacific. Post this decision the ING Groep N.V. sold its stake in ING Vysya Life Insurance to Exide Industries Limited…
Gram Sumangal is an Anticipated Endowment Assurance Scheme which is also known as Money Back Policy
Insurance regulator IRDA on Tuesday said that all universal life products, a new kind of insurance which entered India recently and gives greater flexibility to customers, will not have any unit-linked component in them.
The debate on whether health insurance is safer in the hands of life companies or general insurers has been on since quite some time in India. Today, a host of non-life and life companies, including public sector behemoth Life Insurance Corporation (LIC) offer health cover to individuals. While the non-life companies continue to dominate the health space, this does not mean that they have had a smooth sailing all along, having been beset with loss-making health portfolios.
To provide a social security cover for weaker sections, Life Corporation of India (LIC), is all set to surpass last year’s target of bringing more than 59,000 people under a life cover that also provides additional benefits.
At the valedictory function of the Social Security Month celebrations of LIC Pension and Group Schemes Unit, Vellore Division held at Yelagiri Hills on Tuesday, Mr. Sharma distributed educational scholarships to beneficiaries enrolled in LIC’s social security scheme Janashree Bima Yojana.
Life insurance assures payment of the entire amount assured (along with bonuses, wherever applicable) in case of demise, whereas in other savings schemes, only the amount saved (with interest) is payable.
The Life Insurance Corporation of India (LIC) has crossed Rs 10 billion mark under the new ULIP plans, pension plus and endowment plus.
The Chandigarh division of Life Insurance Corporation of India (LIC) has topped among 107 divisions of the firm in the country by selling maximum policies of ULIP-based Endowment Plus, which was launched yesterday. “On the first day of the launch, our (Chandigarh) division sold maximum number of policies of Endowment Plus among our other offices in the country,” LIC (Chandigarh) Senior Divisional Manager Raghupal Singh told reporters here today.