-Newsclick.inGovt is repeatedly turning to LIC for its disinvestment agenda. The insurer's NPAs have doubled since the Modi regime took over, and now there is the possibility of it bailing out debt-ridden IL&FS. Since 2014, the Life Insurance Corporation of India (LIC) has spent, at least, Rs 48,000 crore so that the Narendra Modi government can meet its disinvestment targets.Meanwhile, the non-performing assets (NPAs) of the country?s largest insurer have...
More »SEARCH RESULT
Total Matching Records found : 27
Now, Aadhaar mandatory to access LIC policy online -TK Rohit
-The Hindu Raises questions about violation of SC orders and insurance regulator’s norms Chennai: Despite the government extending the deadline for linking Aadhaar to various services to March 31, 2018, many insurance companies are insisting that customers part with their Aadhaar details for accessing their services. Principal among such insurers is the Life Insurance Corporation of India (LIC), whose newly designed web portal requires mandatory registration of policy holders’ Aadhaar details to even...
More »Unpaid subsidy means FCI to be starved of funds by December -Sandip Das
-The Financial Express Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Come January, Food Corporation of India (FCI), under a severe financial crunch, may be forced to trim its procurement operations. Unless the finance ministry releases a good part of the unpaid subsidy of Rs 58,000 crore or let Life Insurance Corporation raise Rs 40,000 crore to support FCI soon,...
More »Cash demand from LIC baffles activist -Gautam Sarkar
-The Telegraph Bhagalpur: An unusual demand of Rs 2 lakh by an insurance company in lieu of providing information to one Right to Information (RTI) activist from Bhagalpur has left the crusader in the lurch. Ajit Kumar Singh, the RTI activist, had sought information from the Life Insurance Corporation (LIC) of India about the details of implementation of a scheme, mainly aimed at the economically weaker sections and also about the works...
More »Banking on a flimsy promise -Jitendra
-Down to Earth The government is clueless about incentives it has promised under its Pradhan Mantri Jan Dhan Yojana to bring every family under the formal banking system ON AUGUST 15, when Prime Minister Narendra Modi announced extending the financial inclusion plan of the former UPA government and renamed it Pradhan Mantri Jan Dhan Yojana (PMJDY), he was well aware of its limitations. Though launched in 2010, the plan had miserably failed...
More »
