LIC

Life Insurance Corporation of India (LIC) has initiated a major revival campaign aimed at reactivating lapsed policies, encouraging policyholders to restore coverage and maintain financial security. The campaign targets individuals whose premiums have fallen into arrears, offering flexible options for reinstatement and incentives for timely renewal. LIC emphasizes that reactivating lapsed policies not only preserves insurance benefits but also strengthens long-term financial planning for families.

India’s insurance sector is poised for a significant transformation as proposed legislative reforms promise to unlock growth, enhance competition, and expand consumer access, according to the chairman of the Life Insurance Corporation of India. The upcoming Insurance Bill is expected to modernize regulations, attract long-term capital, and strengthen the industry’s role in economic development. With insurance penetration in India still below global averages, policymakers see reform as a critical lever for financial inclusion.

Life Insurance Corporation of India (LIC) has urged the government to exempt life insurance products from the Goods and Services Tax (GST), arguing that such a move would allow insurers to claim Input Tax Credit (ITC) and ultimately reduce costs for policyholders. The proposal comes at a time when the insurance industry is navigating rising operational expenses, evolving regulatory frameworks, and increased demand for transparent, affordable financial protection.

Life Insurance Corporation of India (LIC) has initiated detailed due diligence before committing funds to Adani Group companies, reaffirming its prudent investment approach. The process involves thorough assessment of financial health, governance standards, regulatory compliance, and long-term risk factors. Analysts note that LIC’s cautious methodology reflects its responsibility as a major institutional investor managing public policy-linked funds.