In a recent pivotal meeting held at the Life Insurance Corporation’s (LIC) central office in Mumbai, high-ranking officials met with representatives from the LIC Agents’ Federation of India (LIAFI), established in 1964. The discussions revolved around several demands put forth by LIC agents that are critical for maintaining their income stability and addressing changes in … Read more
The insurance industry in India, particularly for life and health insurance, has been in the spotlight for several months now, with policyholders, insurance advisors, and political figures advocating for significant reforms in the Goods and Services Tax (GST) structure. The crux of the matter is a potential reduction in the GST applied to life and … Read more
The Protest of LIC Agents Against Restructuring of Commission and ClawBack Clause – On 14th October 2024, a significant protest letter was issued by the All India Life Insurance Agents Federation of India (AILIAFI) to Shri Siddhartha Mohanty, CEO and Managing Director of the Life Insurance Corporation of India (LIC). This letter highlights the deep … Read more
LIC announces Testing Centre of Excellence (TCOE) in Bhubaneswar – September 26, 2024 – Life Insurance Corporation of India (LIC), the country’s largest insurance provider, has announced the establishment of a state-of-the-art Testing Centre of Excellence (TCoE) in Bhubaneswar, Odisha. This significant move marks LIC commitment to technological innovation, operational excellence, and the advancement of … Read more
NRI and PIO markets – In recent days, a significant announcement has come from LIC, which holds immense potential for insurance agents, particularly those aspiring to expand their business internationally. The news, released via a press statement by LIC on the 20th of September, has opened a new avenue for agents by easing the process … Read more
SIP of 100 per Month – The journey to financial prosperity can often seem overwhelming, especially for those who are just beginning to navigate the world of investments. Everyone dreams of becoming a millionaire, but the pathway to wealth often lacks a clear and simple formula. While there is no shortcut to success, there are … Read more
In a significant move toward harnessing the growth of India’s manufacturing sector, LIC Mutual Fund has launched the LIC MF Manufacturing Fund. This fund aims to provide investors with an opportunity to build long-term wealth by investing in equity and equity-related instruments of companies involved in manufacturing and allied activities. The New Fund Offer (NFO) … Read more
LIC DIVE App – The Life Insurance Corporation of India (LIC) is set to revolutionize its operations with the launch of its new app, the DIVE (Digital Innovation and Value Enhancement) application. This app aims to modernize LIC’s digital landscape by integrating advanced technologies like artificial intelligence (AI), cloud-based systems, and secure operational frameworks. The … Read more
The Life Insurance Corporation of India (LIC), a key player in the Indian insurance industry, is embarking on a significant digital transformation journey. This initiative, known as DIVE (Digital Innovation and Value Enhancement), is aimed at revolutionising LIC digital capabilities, ultimately transforming the customer experience, optimising operational efficiency, and enhancing services for all stakeholders. The … Read more
LIC Work From Home Jobs – Life Insurance Corporation of India (LIC) has introduced an exciting recruitment drive, offering positions in both full-time and part-time capacities. This article will provide a comprehensive overview of the post, eligibility criteria, number of vacancies, salary, and the step-by-step application process. If you’re looking to explore a career with … Read more