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Indian finance ministry has reportedly asked Life Insurance Corporation (LIC) and some public sector banks (PSBs) to purchase five to 10 per cent of government stake in public sector units to be auctioned before the end of current financial year.
The …
Today an announcement has been made by the country’s largest insurer LIC that it has launched of health insurance plan Jeevan Arogya. This plan offers a broad hospitalisation benefits for the whole family.
The plan has some unique feature that it also offers to cover the parent’s in-law of the policy holder besides spouse, minor children and parents as stated by the LIC in a statement.
Avendus Capital – The wealth management firm last week announced that it had successfully closed the private placement of equity shares of Fino to one of their high networth customers. Avendus Capital did not disclose the identity of the Individual or the value of the transaction. FINO (Financial Inclusion Network and Operations Ltd) is a [...]
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LIC, India’s largest financial institute has been denied by Singapore, to set up a subsidiary there unless and until it produces a credit rating by any international agency.
About a year back LIC had asked Singapore so that it can set up a company there to sell life insurance policies and it seemed the talk was progressing well with the local authorities.
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