LIC EMPLOYEES

The life insurance behemoth has urged all policyholders to proceed with extreme caution before making any decisions about their policy that might compromise their family's risk coverage and financial stability.

Brokerages are largely positive on LIC's future as they see an upside potential of up to 30% in the stock, suggesting target prices as high as Rs 1,300.

LIC shares have risen 6% to Rs 972, surpassing IPO price. The 17% wage hike may cost shareholders Rs 4,000 crore yearly. Long-term prospects though are promising for the Indian insurance industry. The current levels may present an opportunity for lo...

LIC emerges as the strongest global insurance brand with a steady brand value of USD 9.8 billion. Chinese brands dominate the rankings, with Ping An leading. LIC India achieves the highest premium collection, while recent wage revision benefits over...

Natarajan, an industry veteran with over three decades of experience, is responsible for enterprise compliance, risk management, design and implementation of internal controls, and policies and procedures, the company said.

The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.

LIC terminated Yogesh Garg due to Sebi's front-running order. Sebi banned 5 entities, including LIC staff, for front-running. Stringent measures in place for monitoring and prevention of illegal trading activities.

LIC terminated Yogesh Garg due to Sebi front-running ban. Garg used family demat accounts for intraday trades, profiting ₹2.44 crore. Sebi confirmed ban on Garg and four others for insider trading.

The Board of SBI Cards has declared an interim dividend of Rs 2.5 per share for the financial year ending 2023-24. The company has also fixed a record date of March 28 for the proposed dividend.

17% wage hike approved for 1.10 lakh LIC employees from August 1, 2022. NPS contribution increased to 14% for post-April 1, 2010 joiners. Government provides ex-gratia payment to over 30,000 pensioners. Bank employees' raise approved from November 1...

The Indian Banks Association (IBA) has extended an invitation to bank unions to participate in the signing of the wage revision settlement scheduled to take place in Chennai on March 11, 2024. CH Venkatachalam, the general secretary of the All India...

The United Forum of Bank Unions has urged Finance Minister Nirmala Sitharaman for a five-day workweek in a letter. They promise no reduction in total banking hours for customers or employees if implemented, aligning with an agreement with the Indian...

shares of Life Insurance Corporation of India (LIC) have jumped over 10% in the last week and 66% in the last 3 months. With its market capitalisation well above the Rs 6 lakh crore mark, the stock is India's most valued PSU by beating SBI. The late...

OPS vs NPS: In a memorandum dated January 11, 2024, the Joint Forum for Restoration of Old Pension Scheme(NJCA), constituted under the banner of the NJCA, demanded that the finance ministry should restore the defined non-contributory and guaranteed ...

The Finance Ministry in September had approved a series of welfare measures, including enhancement of the gratuity limit and family pension, for the benefit of LIC agents and employees. The ministry had enhanced the gratuity limit from Rs 3 lakh to ...

LIC shares were trading marginally higher at Rs 679.55 on BSE today and have lost about 4% of its value on a year-to-date basis.

Among index majors, Coal India, Eicher Motors, Hindalco Industries, Mahindra & Mahindra, and Oil and Natural Gas Corp are set to release their quarterly numbers.

The Indian government has approved welfare measures for over 1.3 million agents and 100,000 employees of state-run Life Insurance Corporation (LIC). The measures include increasing the gratuity limit for LIC agents from ₹3 lakh to ₹5 lakh, expanding...

The Finance Ministry announced that it has approved several welfare measures for the agents and employees of the Life Insurance Corporation of India. The benefits include increase in gratuity limit, eligibility for renewal commission, term insurance...