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Jun 21, 2024 · LIC, India’s largest insurance company, opposed the idea of a 'secondary market' in insurance and did not cooperate with Mehta. Perhaps influenced by LIC’s stance, the government amended the ...
Aug 14, 2024 · State-owned Life Insurance Corporation’s (LIC) refusal to assign policies to ACESO may be tantamount to contempt of court, said Ketan Mehta, Director & Founder of ACESO, citing a 2015 Supreme Court judgement that allowed the transfer and assignment of LIC’s policies in accordance with the provisions of the Insurance Act, 1938.
Jul 6, 2024 · Aceso founder and director Ketan Mehta pointed out that as many as around half of LIC’s policies don’t reach maturity due to surrender or lapses. “ALIP addresses this by offering an alternative to surrendering policies prematurely, allowing policyholders to access their policy’s value while safeguarding their future life coverage.”
May 24, 2017 · LIC continues to be the dominant life insurer even in the liberalized scenario of Indian insurance and is moving fast on a healthy growth rate of 16.67 per cent trajectory. LIC has issued over one crore policies during the current year.
Jan 27, 2022 · New Delhi: With a little over two months before the end of the current financial year, the central government’s disinvestment department has all hands on deck to ensure a smooth initial public offering (IPO) of India’s biggest insurer — the Life Insurance Corporation (LIC) of India.
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion (US$630 billion) as of March 2024. [4]
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Why did LIC not cooperate with Mehta?
Is LIC refusing to assign life insurance policies to Aceso a contempt of court?
Does LIC have a secondary market in insurance?
Will India's LIC IPO be a smooth IPO?
Jul 26, 2024 · Why Agents Were Crucial: LIC’s agents played a massive role in its success. They helped the company reach people in rural and semi-urban areas where other sales channels might not work as well. Their face-to-face interactions built trust, a crucial factor in selling something as important as insurance.
