Tagged: LIC


LIC policyholders given 30 days to pay premium

The Life Insurance Corporation of India (LIC) has announced a month-long extension for all policyholders whose premiums fall due in March and April in wake of “unforeseen difficulties” faced by people due to the coronavirus. The insurance behemoth has also announced a further retrospective relaxation till April 15th for those customers whose premiums were due…


Insurance Claim Can’t Be Denied On Ground Of Common Lifetstyle Diseases But Insurer Should Not Hide Info, Says NCDRC

The deceased died on account of ‘cardio respiratory arrest’ which was existing for only five months prior to the date of death. Thus, clearly, this disease was not prevailing when the proposal form was filled. The disease of diabetes, though was existing for some time but was under control at the time of filling up of the proposal form.

Insurance in India: Updates

August 14, 2015 HDFC to reduce stake in insurance venture with Standard Life Standard Life will increase its stake in the insurance joint venture to 35% from the current 26%. Read more at: http://www.livemint.com/Companies/9lWJLdrmr2YVos0aXVQKuO/HDFC-to-reduce-stake-in-insurance-venture-with-Standard-Life.html   August 19, 2015...