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LIAFI writes to IRDAI, seeks 35% first-year commission and 7.5% renewals for long-term life policies
The agents’ body has proposed commission rates of up to 35% for policies with premium-paying terms of 15 years and above, opposed clawbacks on alleged mis-selling and sought equal scrutiny of banks and other distribution channels. The Life Insurance Agents’ Federation...
LIC picks Infosys to drive digital transformation with NextGen Digital Plat
"Infosys…today announced its collaboration with the Life Insurance Corporation of India (LIC), the largest life insurance company in India, to spearhead its digital transformation initiative called DIVE (Digital Innovation and Value Enhancement)," according to a...
LIC to be paperless in 2 years
Mumbai:Insurance giant Life Insurance Corporation of India (LIC) is planning to become completely paperless over the next two years and has budgeted Rs 600 crore towards its digital transformation. Speaking at the Bengal Chamber of Commerce and Industry Financial...
Beyond Protection: How life insurance can transform your financial strategy
Life insurance is not just a protection tool providing financial security; it’s a strategic tool that can enhance one’s financial plan, offer wealth building opportunities and create a legacy. While the traditional perception of life insurance often centers around...
