Browsing: LIC

India’s largest insurer, Life Insurance Corporation of India (LIC), is considering acquiring a stake in a health insurance company before the end of March, according to CEO Siddhartha Mohanty.

The life insurance industry in India experienced robust growth, with assets under management (AUM) reaching Rs. 62 lakh crore in March 2024. This represents a significant increase from Rs. 55 lakh crore in March 2023, according to data from the Insurance Regulatory and Development Authority of India (IRDAI).

The Indian life insurance industry saw a slight dip in overall premiums, but private insurers showed resilience.

An analysis of the potential impact of LIC’s entry into the health insurance market, considering its distribution network, potential for cross-subsidization, and regulatory implications.

Life Insurance Corporation of India (LIC) is planning to acquire a health insurer to enter the health insurance sector.

Life Insurance Corporation of India (LIC) is considering acquiring a stake in a health insurance company by the end of March to compete in the growing market.

Life Insurance Corporation of India (LIC) has named Shatmanyu Shrivastava as its Chief Risk Officer, effective March 19, 2025.

Life Insurance Corporation of India (LIC) announced a 16.26% increase in consolidated net profit for the quarter ending December 2024.

New business premium fell sharply in February due to a decline in LIC performance. Private insurers showed muted growth.

The Brand Finance Insurance 100 2025 ranking highlights Ping An’s continued dominance and impressive growth for Indian insurers.