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The India Express
The India Express
Life insurance firms settled 2.2 lakh Covid death claims: Regulator data
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Compensation towards Covid death claims were reported under individual, group policies and the PM Jeevan Jyoti Bima Yojana (PMJJBY). Back-of-the-envelope calculations indicate that the average claim per person was Rs 7,63,965.
2022-05-11
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Top five financial gifts to help your children meet their goals
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To ensure the financial well-being of your children, let us learn about five financial gifts one can leave for their family.
2021-12-27
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Achieving long-term wealth creation goals
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As Indians wake up to the fact that long-term wealth creation and protection is critical, many are urgently re-evaluating their long-term portfolios.
2020-12-14
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RBI extends regulatory restrictions on PMC for three more months
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The central bank had last imposed regulatory regulations on PMC for six months on September 23, 2019 citing various irregularities, hiding and misreporting of loans given to real estate developer HDIL.
2020-03-21
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Women Empowerment: More and more Indian women are now buying life insurance
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The total number of policies sold in the year 2018-19 stands at 2.86 crore, with a first-year premium (FYP) of 97,690 crore. Out of the number of policies sold, women accounted for 1.03 crore policies in FY 2018-19 (90 lacs in previous fiscal) with an FYP of Rs 36,525 crore in FY 2018-19 (29,801 crore).
2020-03-10
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LIC investment in G-secs rises to Rs 2.81L crore in 10 months
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Life Insurance Corporation (LIC), which is gearing up for its initial public offering (IPO), on Friday said investments made by the corporation in government securities rose to Rs 2.81 lakh crore in the period between April-January 2020, much higher than the target of Rs 2.55 lakh crore. India’s largest insurance company with assets of over
2020-02-08
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Dreaming of an early retirement? Here is how you can FIRE your way to it!
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Lastly, the pre-determined withdrawal rates may not work if your savings include high-risk investments, prone to market volatility.
2019-12-09
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‘Millennials bought 44 per cent of total policies sold by LIC in current year till October’
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"If you look at people between 30 and 35 years old another 17 lakh policies. We have sold 44 lakh policies to people below 30 years old, or millennials," says TC Susheel Kumar, Managing Director of Life Insurance Corporation (LIC).
2019-12-03
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LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal
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The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.
2019-12-01
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LIC makes over Rs 14,000 crore profit from markets till mid-Nov this fiscal
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The 30-share Sensex had gained 1,985 points, or 3.82 per cent, during the period under review, enabling the corporation to post good returns. The market value of LIC’s investment as of end-FY19 stood at around Rs 28.7 lakh crore, growing 8.6 per cent on a year-on-year basis.
2019-12-01
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Income Tax refund: Don't lose your hard-earned money by making this mistake!
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The last date to file your Income Tax Returns for the 2019-20 assessment year is August 31. If you earned over Rs 2.5 lakh before tax deduction, then you are liable to file tax returns. If you are a salaried employee or have an income other than salary, Tax Deducted at Source (TDS) would have been deducted from your income.
2019-07-31
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LIC profit rises by 32 per cent to Rs 25K crore
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After distributing 95 per cent of surplus to policyholders, balance Rs 2,430.19 crore is government’s share.
2018-12-10
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Here’s why you should file an ITR even if your income is non-taxable
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There’s a lot of confusion, especially among those whose income falls below Rs 2.5 lakh per year, about whether there they need to file an ITR or not. Here are the advantages of filing returns.
2018-06-30
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3.5 lakh flats unsold in Mumbai metropolitan region: Report
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The maximum inventories are in 1 and 2 BHK configurations totaling 5,87,500 units. In sales, configurations of one and two bedrooms were the most sold and contributed over 85 per cent of total sales.
2018-06-26
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Multiple health covers can help in hour of need
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According to financial experts, while having more than one health insurance policy cannot be seen as a necessity, it can certainly provide some additional benefits.
2018-05-28
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Life insurance after retirement could cut tax for senior citizens
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The concept of owning a life insurance arises when one wants to replace potential income loss that his/her family could suffer from in their absence.
2018-05-21
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Rural Uttar Pradesh, urban Tamil Nadu set to become cancer hotspots by 2025: Study
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The study highlights that one of the major causes of cancer is tobacco, which is related to 24.4–65.2 per cent of cancer in males and 6.9– 42.3 per cent of cancer in females in India.
2018-05-13
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59 per cent of LIC cancer policies sold in Kerala, Maharashtra, Gujarat and Tamil Nadu
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The west zone, comprising Maharashtra and Gujarat, have taken 26,280 policies
2018-04-16
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Never too late to begin crucial investing for life after retirement
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HYDERABAD: Starting early is the golden rule when it comes to investing for life after retirement. However, several factors, including the burden of past debts, family responsibilities and lack of financial disciple keep it out of purview for some.
2018-04-09
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How to get life insurance cover with maturity benefits
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One of the most confusing parts of financially securing your future is selecting the right insurance product that suits your needs.
2018-02-26
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LIC equity holding crosses 6 lakh crore for 1st time ever as market rises
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Even as LIC’s gains in value of portfolio is mostly on account of rise in markets (as its overall holding percentage has come down), in the quarter ended December 2017 LIC held more than 1 per cent stake in 327 companie
2018-02-18
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LIC posts 11.47% jump in premium income to 2.23 lakh crore
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New business performance by the corporation for nine months ended December 2017 has shown an impressive growth of 19.47 per cent with its first year premium netting Rs 99,783.33 crore.
2018-02-17
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Housing sales down 41 per cent from 2016 levels: Report
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HYDERABAD: With the real estate market yet to recover from disruptive reforms such as RERA and GST, new launches in the housing sector fell 41 per cent in 2017 compared to 2016, according to a new report by Knight Frank India.
2018-01-11
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Last date to submit third installment of advance tax is December 15
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Advance tax, also known as "Pay as you earn tax" is payable in installments within the due dates set by the IT department. As the name suggests, advance tax is paid in advance, instead of a taxpayer making a lumpsum payment at the end of the financial year.
2017-12-07
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Must link all bank accounts with Aadhaar: RBI
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The union government has said it would extend until December 31 the deadline to furnish Aadhaar to avail benefits of social welfare schemes.
2017-10-22
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Centre clears Bill to increase tax-free gratuity up to Rs 20 lakh
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“The Union Cabinet chaired by Prime Minister Narendra Modi has given its approval to the introduction of the Payment of Gratuity (Amendment) Bill, 2017, in Parliament,” the government statement said.
2017-09-13
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No renewal of insurance for vehicles without PUC, says SC
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The apex court granted four weeks time to the Centre to ensure that there are functional PUC centres in NCR to ensure that vehicles plying have PUC certificate.
2017-08-10
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What happens if you miss the deadline of filing Income Tax Returns?
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The deadline for filing income tax returns for individuals is upon us and if you haven't filed your ITR yet, you might want to avoid crossing the deadline. The government has not put any monetary penalties for crossing the deadlines. However, you would miss out on a lot if you file it even one day after the deadline. Here is how.
2017-07-27
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LIC buys SBI stake worth Rs 5,700 crore in QIP issue
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Life Insurance Corporation (LIC), India’s largest insurance company, has acquired shares worth Rs 5,700 crore in State Bank of India’s Rs 15,000 crore qualified institutional placement (QIP).
2017-06-10
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Insurance: LIC sees growth phase, offers 8% assured return in new 100-year scheme
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The latest 100-year plan which provides cover up to age 100 offers a combination of income and protection.
2017-05-19
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LIC records 12.43% rise in premium income during last year
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MUMBAI: State-owned insurance firm Life Insurance Corporation (LIC) announced on Monday that it has registered a strong 12.43 per cent in total premium income at Rs 1.45 lakh crore during the first nine months of the current financial year ended December 31, 2016. The number had stood at Rs 1.29 lakh crore in the corresponding period of last year.
2017-02-28
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NRI bizman takes jumbo LIC Policy
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In a first In the history of LIC Kerala, a person took an individual policy worth Rs 27 crore Anil Gopinathan Pillai, an NRI businessman hailing from Perinad in Kollam is the policy holder.
2017-02-09
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LIC south zone crosses Rs 3,000 cr biz
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2016-12-07
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