Although Vijayan was given a clean chit in the earlier
case, he is now accused of allegedly exposing the funds of LIC
by investing in IPOs of companies which are against the
investment policies of LIC.
Five persons, arrested for
allegedly leaking the question paper of an all-India
examination for the post of LIC`s assistant administrative
officer here, were today remanded in judicial custody for 14
The LIC, which has sought
permission for reconstructing its century-old heritage
building in an upscale area of south Mumbai, was today asked
by the Bombay High Court to submit by February 28 a proposal
in this regard.
Life Insurance Corporation of India on Saturday said it has hiked its stake to 7.27 percent in state-owned Bank of Maharashtra, after buying shares worth Rs 39.70 crore, through open market transactions.
The insurance industry overall has registered a growth of 11.35 percent in premium collection at Rs 55,866.54 crore in the first six months of this fiscal as compared to Rs 50,171.09 crore in the year-ago period.
Public sector life insurance major LIC has pumped in around Rs 90,000 crore into the markets, of which Rs 16,000 crore was into equities during the first-half of this fiscal, a top company official said.
The lapsed insurance policy
cannot be revived as a matter of right on acceptance of the
premium without the policy-holder receiving the approval of
revival from the insurance company, the apex consumer body has