Search Results for Tag : Life Insurance

Notifications & Circulars

Life Insurance Corporation of India (Staff) Amendment Rules, 2021(30.06.2021)

In exercise of the powers conferred by clause (cc) of sub-section (2) of section 48 of the Life Insurance Corporation Act, 1956 (31 of 1956), the Cent.....

Tags : Life Insurance, Staff, Amendment Rules, 2021

Judgments

Insurer not liable to pay upon death while intoxicated if excluded in insurance policy(03.09.2015)

In a case where the insurer denied payout on the death of the insured by drowning while under the influence of alcohol, the NCDRC dismissed the compla.....

Tags : Life insurance, death, intoxication

Jeevan Akshay-VII Plan of the Life Insurance Corporation of India specified as the annuity plan of the Life Insurance Corporation of India(07.12.2021)

In exercise of the powers conferred by clause (xii) of sub-section (2) of Section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government.....

Tags : Plan, Annuity plan, Life Insurance

Advance Discharge Voucher(12.07.2016)

The Insurance Regulatory Authority of India tightened instructions for life insurers that issue advance discharge vouchers.

It now require.....

Tags : Advance discharge, life insurance, payment

News

Madras HC Directs LIC to Revise Pay Scale of Retired Employee Sacked for Certificate Verification(02.01.2017)

Madras High Court has directed Life Insurance Corporation Limited to revise pay scale of a retired employee, who was sacked for five years pending ver.....

Tags : Madras HC, Life Insurance Corporation, retired employee

SC Directs Verification of Workers' Claims as LIC Bound by Constitution(28.04.2022)

Supreme Court has said that the Life Insurance Corporation, as a statutory corporation, is bound by the mandate of Articles 14 and 16 of the Constitut.....

Tags : Supreme Court, Life Insurance Corporation, statutory corporation, Articles 14, Articles 16, 11,000 workers

SC Refuses Interim Relief on Pleas Seeking Stay on LIC IPO Share Allotment(12.05.2022)

Supreme Court has refused to grant stay in a batch of petitions contesting the decision of the Central government to sell five percent of its sharehol.....

Tags : Supreme Court, five percent, Life Insurance Corporation, Initial Public Offering

CCI Nod for Nippon’s Stake Hike in Reliance Life to 49%(12.02.2016)

Competition Commission of India (CCI) has approved Nippon Life's additional 23 per cent stake purchase plan in Reliance Life Insurance in a deal worth.....

Tags : Competition Commission of India, Nippon Life, Reliance Life Insurance

CCI Nods for Sun Life’s Acquisition in BSLI(01.02.2016)

Competition Commission of India (CCI) has given approval to Sun Life's acquisition of 23% more stake in Birla Sun Life Insurance (BSLI), a joint ventu.....

Tags : Competition Commission of India, Sun Life, Birla Sun Life Insurance

SC: Stamp Duty Can be Imposed by State on Insurance Policies Executed Within State(02.05.2024)

Supreme Court while rejecting appeals filed by Life Insurance Corporation against a demand of stamp duty of Rs. 1.19 crore by the State, has held that.....

Tags : Supreme Court, Life Insurance Corporation, Stamp Duty, Insurance Policies

Top Story

Sampoorna Bima Gram (SBG) Yojana launched providing life insurance services to rural people(13.10.2017)

Sampoorna Bima Gram (SBG) Yojana launched by The Minister for Communications in order to provide affordable life insurance services to people living i.....

Tags : Life insurance, Yojna, Launch