Tuesday, January 25, 2022

Life insurance

LIC ups stake in Union Bank of India to over 5%

LIC held 3.09 per cent stake in UBI earlier, representing 19,79,23,251 equity shares of the bank.

Govt proposes to hike in LIC’s authorised capital to Rs 25,000 cr

The government will remain the majority shareholder and will continue to retain management control, safeguarding the interest of policyholders.

‘Insurance is most preferred financial product to protect family post-COVID’

The survey also found that most consumers would like to buy life insurance in the next six months as part of their investment plans.

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