What Is India News Service
Thursday, November 08, 2007



   Life Insurance Corporation


Life insurance made its debut in India well over 100 years ago. Its salient features are not as widely understood in our country as they ought to be. Mr A.K Shukla took over as Chairman of the Life Insurance Corporation on July 01, 2005. Mr Shukla, earlier LIC Managing Director, has been in-charge of the corporation since Mr R.N Bharadwaj retired as Chairman on May 31, 2005. LIC's subsidiaries are LIC Mutual Fund, LIC Housing Finances Ltd, LIC Sri Lanka, LIC Nepal.


•  Official Site

  News Releases

  A K Shukla - Chairman

  LIC Mutual Fund

  LIC Housing Finances Ltd.

  LIC Srilanka

  LIC Nepal


Life Insurance Corporation of India, (LIC) on Thursday, launched a new group insurance product, ‘Group critical illness rider,’ targeted primarily at employer-employee groups who have taken group insurance products earlier or are planning. . . (Lic Launches Group Insurance Product , Hindu, Correspondent or Reporter, Oct 26, 2007)

There have been many anxious queries in various blogs as well as in the popular search engines as to the true meaning and import of the ubiquitous blurb (or is it a warning?) in insurance advertisements and Web sites: Insurance is the subject . . . . (Insurance Is A Matter Of Trust, Business Line, S. Murlidharan , Oct 11, 2007)

The Aam Admi Bima Yojana (AABY) that the UPA Government launched on Mahatma Gandhi's birthday is not new. It is the continuation of another scheme, Janshree Bima Yojana (JBY), launched in 2000 under the NDA rule. (Upa Recycles Nda Scheme, Pioneer, Akhilesh Suman, Oct 03, 2007)

Like every year, October 1 will be observed as World Elders Day. One wonders whether there is anything to celebrate, given the apathy shown by the society and the government towards problems of the elderly. (Elders Deserve A Better Deal , Deccan Herald, D B N Murthy , Oct 01, 2007)

SPEARHEADING the drive to make Karnataka an industrial powerhouse, the Directorate of Industries and Commerce has been wooing industrialists, facilitating investments, planning roadshows, offering easy access to government departments . . . . (Industrial Leap, Frontline, Ravi Sharma , Sep 29, 2007)

Methodology — Data Presentation: Y.K.Singh, R.B. Bajpai; Rs. 595. Biodiversity Conservation: AK Ghosh; Rs. 695. The above books pub. by APH Publishing Corporation, 4435-36/7 Ansari Road, Darya Ganj, New Delhi-110002. (New Arrivals, Hindu, Correspondent or Reporter, Sep 25, 2007)

The Cabinet today approved the release of additional 6 per cent dearness allowance and dearness relief to Central Government employees and pensioners from from July 1, 2007. (6 Pc Da For Central Staff , Tribune, Correspondent or Reporter, Aug 31, 2007)

Better late than never, the Karnataka Government has launched Bhagyalakshmi, an insurance scheme for girl babies born into Below Poverty Line (BPL) families after March 31, 2006. (Gender Parity , Deccan Herald, Editorial, The Deccan Herald, Aug 13, 2007)

It is astonishing that 43 years after Unit Trust of India started US64 and 14 years after the first private mutual funds were permitted, less than 2 per cent of the working population has invested in them according to an Invest India survey. (Coffee & Funds, Telegraph, Editorial, The Telegraph, Aug 13, 2007)

The scheme is aimed at providing Rs 10,000 insurance cover to the girl child born in below poverty line families, to eradicate social evils like female foeticide, child labour, child marriage and ensure education to girls... (Bhagyalakshmi: Bsys Pet Dream Materialises , Deccan Herald, Correspondent or Reporter, Aug 09, 2007)

Analysts and investors are optimistic on India, but it is difficult to be as bullish. (When Experience Is A Liability, Business Standard, Correspondent or Reporter, Jul 25, 2007)

State Bank of India (SBI), UTI Asset Management Company Pvt. Limited and the Life Insurance Corporation (LIC) are the three successful bidders poised for appointment as pension fund managers for Central and State government employees under a new . . . . (3 Entities To Handle Pension Funds, Hindu, Correspondent or Reporter, Jul 21, 2007)

Having failed in his attempts to discipline Members of Parliament who run to the well at the drop of a hat, Speaker Somnath Chatterjee plans to pinch where it hurts most. (Speaker Proposes: No Work, No Pay For Mps Who Stall House, Indian Express, Varghese K George, Jul 21, 2007)

Sarfraz Nawaz, an associate of the multi-crore fake stamp paper stamp case accused Abdul Karim Telgi, on Tuesday pleaded guilty before a special CBI court... (Telgi Aide Pleads Guilty , Deccan Herald, Correspondent or Reporter, Jul 18, 2007)

Life insurance companies are now gearing up to venture into health cover. But are they “fit enough” to meet the expectations of the health insurance sector? (Life, Health… Or Both?, Business Line, Editorial, Business Line, Jul 13, 2007)

The CBI, which is investigating the disproportionate assets case against former Uttar Pradesh Chief Minister Mulayam Singh Yadav, has sought information about his assets from the state Assembly secretariat. (Cbi Seeks Info On Mulayam’S Assets In 1977 , Tribune, Correspondent or Reporter, Jul 10, 2007)

Banks should form subsidiaries Should report profit for last 3 years (Rbi Lists Norms For Pension Funds, Hindu, Correspondent or Reporter, Jun 29, 2007)

Faced with a deadlock over Pension Fund Regulatory and Development Authority (PFRDA) Bill due to stiff opposition from Left parties, the government is contemplating to bring a separate bill on pension funds for private sector employees. (Govt Mulling New Bill For Private Sector Pension Funds, Pioneer, Correspondent or Reporter, Jun 25, 2007)

ICICI Bank's mega follow-on public offer ended with a big spurt on the last day with the total subscription crossing the Rs 1,20,000-crore mark, thus, over shooting the target amount by over 11 times. (Icici Bank Issue Subscribed 12 Times, Business Line, Correspondent or Reporter, Jun 23, 2007)

The RBI’s decision to approve P J Nayak’s nomination as chairman and managing director of Axis Bank (the erstwhile UTI Bank) is welcome. (Keep Axis Bank Private, The Economic Times, Editorial, Economic Times, Jun 22, 2007)

More Life Insurance Corp. stories


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