Market valuation of 4 of top-10 most valued firms erode by Rs 1 lakh crore
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms eroded by Rs 1 lakh crore last week.
In a report on India’s insurance sector, the global ratings agency said the industry is poised to benefit from sustained premium growth driven by robust economic momentum, rising digitisation, tax reforms and planned restructuring of the state-owned insurance sector.
LIC has sanctioned Rs 38,01,000 to Vivekananda Hospital & Research Institute from its golden jubilee foundation fund for ICU equipment and lift installation. The hospital provides free treatment to underprivileged cancer patients undergoing chemotherapy and thalassaemia patients.
LIC's net profit amounted to Rs 21,040 crore, marking a 16.36 per cent increase year-on-year (Y-o-Y), in the first six months of FY26 (H1FY26).
“LIC denies false reports by The Washington Post, reaffirming that all investments are made with integrity and due diligence,” the statement read.
In a statement, Congress leader Jairam Ramesh said, "Disturbing revelations have just emerged in the media about how the Modani joint venture systematically misused the LIC and the savings of its 30 crore policyholders."
Reflecting on its journey, LIC said that as it marks 69 years of operations, it takes pride in its growth, innovation, and unwavering commitment to excellence.
The Ministry of Rural Development has entered into a significant partnership with the Life Insurance Corporation of India (LIC) to realize the Government of India’s vision of ‘Insurance for All by 2047’, Union Minister for Rural Development and Agriculture and Farmers Welfare, Shivraj Singh Chouhan, announced on Saturday.
LIC of India introduces LIC’s Nav Jeevan Shree (Plan 912) & LIC’s Nav Jeevan Shree Single Premium (Plan 911). Sat Pal Bhanoo, CEO & MD (in-charge), Life Insurance Corporation of India launched new plans, LIC’s Nav Jeevan Shree (UIN: 512N387V01) and LIC’s Nav Jeevan Shree Single Premium (UIN: 512N390V01) on Friday.
The Financial Services Institutions Bureau (FSIB) has recommended R Doraiswamy for the position of chief executive officer and managing director (CEO & MD) of the Life Insurance Corporation of India (LIC).
