LIC vs agents: 7% commission cut, protests, policy surrender and more
Amid commission cuts and a clawback clause, LIC agents are protesting reduced earnings. Experts said while agents need to ...
New surrender value norms only realign agent fees, no impact on margins: LIC chief
MUMBAI: Amidst threats of a nationwide strike by its agents to force LIC not to change their commission structure or lower ...
money.rediff6h
LIC Chief: Insurance Industry Needs to Collaborate with Telecom, E-commerce & Fintech
LIC's CEO advocates for collaboration with telecom, e-commerce, and fintech to expand insurance reach, particularly in rural ...
Insurance industry can partner with telcos, fintechs to expand reach: LIC
State-owned life insurance behemoth LIC's chief executive and managing director Siddhartha Mohanty on Tuesday pitched for ...
Bar & Bench1d
Consumer court orders LIC, MCD to pay ₹40k compensation to deceased sweeper's kin
The District Consumer Dispute Redressal Commission (DCDRC) recently ordered the Life Insurance Corporation (LIC) and ...
LIC agents to protest against claw back norms
Agents of LIC protest new claw back norm, reduction in commission, and increased sum assured, urging withdrawal to avoid ...
devdiscourse1d
Consumer Forum Mandates LIC and MCD to Settle Insurance Claim
The Delhi Consumer Disputes Redressal Forum has ordered LIC and MCD to pay Rs 4.8 lakh in insurance claims and Rs 40,000 in ...
Court ruling pronounced in keenly-watched case of MCD staffer whose policy lapsed for no fault of his own
A consumer court has ordered LIC and MCD to pay Rs 4.8 lakh, plus Rs 60,000 for compensation and litigation expenses to the family of a deceased cleaning staff member. The court found both parties ...
Life insurance surrender charges: Why is it a bone of contention between LIC and agents?
Besides revisions in the commission structure, LIC agents' primary concern is that they will have to return the money they ...
Analytics Insight6d
LIC Share Price and Forecast
Life Insurance Corporation of India (LIC) is one of the oldest and most powerful institutions operating within the historical ...
LIC agents’ associations up in arms against ‘lower’ commissions, threaten protests at branches
The new rules on surrender charges, under which policyholders are eligible for surrender value after paying the first premium ...
Default not dead staffer’s fault, LIC ordered to pay 4.8L claim to his kin
A consumer court in New Delhi mandates Life Insurance Corporation and Municipal Corporation of Delhi to pay Rs 4.8 lakh plus compensation to the kin of a deceased cleaning staff member due to ...