Let us see in a glance on the Latest updates on LIC
LIC’s net worth rose 38 percent to Rs 19,000 crore in the quarter ended March 2025, up from Rs 13,773 crore a year ago. It has recommended a final dividend of Rs 12. Its record date 25 th July, 2025
LIC’s share price rose about 4% in the industry quarter-on-quarter, even as new business inflows and APE annual premium equivalents fell about 9 percent.
The government has appointed Dinesh Pant and Ratnakar Patnaik as the managing director and a director from 2025 in preparation for the upcoming executive retirement.
The FSIB has recommended the current MD and CEO of MD R. Doraiswamy as the next CEO and MD, pending government approval, an important step in the continuity of its leadership.
171 people were injured and killed in the Air India crash in Ahmedabad on June 12. LIC has simplified the claim settlement process and has set up an address at the Civil Hospital. It has promised to provide timely assistance.
LIC joins insurance companies in requesting RBI to reconsider 14-year limit on state bonds in favour of long-termism for better liability matching
April 2025 industry-wide new business premiers grew by 11 percent in May LIC Risk contributed Rs 18,405 crore
On 20th January 2025, LIC agents achieved a Guinness World Record by selling an impressive approximately 588,107 policies in a single day, a testament to LIC’s vast agent network.
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LIC simplifies policy settlement process for families of Air India plane crash victims
The Life Insurance Corporation of India on Friday announced various concessions to ease the financial hardship of the families of those who died in the Ahmedabad Air India Flight Al 171 plane crash on June 12, 2025. In a press release,
LIC said that passengers who lost their lives in the accident.
To provide financial relief to policyholders who have expressed their condolences to the school members and families of those killed in the accident, LIC has said it will expedite the process of death claims and relax some of the conditions normally required for settlement.
As per announcement, in lieu of death certificate, LIC will carry any government record confirming the death of the policyholder or proof of compensation paid by the Central or State Government or Air India authorities.
The insurance company has assured that all efforts will be made to quickly contact the families of the policyholders and pay their dues as soon as possible. In case of need of assistance and claimants can contact their nearest LIC branch or customer area.
Additionally, a helpline, 022 68276827, has been set up to provide support and information.
