Life insurers’ new premium sees 35% YoY growth in H1FY20; LIC beats industry

Life insurers’ new premium sees 35% YoY growth in H1FY20; LIC beats industry


LIC saw a 41.7 percent YoY increase in first year premiums in H1

SBI Wrote Off Bad Loans Worth Rs 76,600 Crore of 220 Defaulters Who Owed Over Rs 100 Crore Each

SBI Wrote Off Bad Loans Worth Rs 76,600 Crore of 220 Defaulters Who Owed Over Rs 100 Crore Each


As of March 31, SBI has declared as unrecoverable outstanding worth Rs 37,700 crore that 33 borrowers, with loans of Rs 500 crore and more, owed it.

Not worried about market movement: LIC

Not worried about market movement: LIC


In an interview with TOI, LIC chairman M R Kumar speaks about the focus areas for the corporation 'We are long-term players — so long as the scrip gives a return over 10-15 years, it is good enough,' Kumar stated

LIC refutes wealth erosion rumours, says it is in

LIC refutes wealth erosion rumours, says it is in "sound financial health"


LIC asked its policyholders to not believe any rumours circulating on social media about the insurer's financial position

LIC Refutes Social Media Rumours of Its Weak Financial Position, Says Policyholders' Money Secure

LIC Refutes Social Media Rumours of Its Weak Financial Position, Says Policyholders' Money Secure


Messages wrongly speculate about LIC's financial health and attempt to portray the largest life insurer in poor light in the eyes of its stakeholders, said the corporation.

Avoid depending on children for post-retirement money needs

Avoid depending on children for post-retirement money needs


You shouldn’t be basing your savings decision on the notion that your sons and daughters will take care of you in your non-earning decades

RBI cuts repo rate by 25 bps to 5.15%, lowest since March 2010

RBI cuts repo rate by 25 bps to 5.15%, lowest since March 2010


It was in addition to a cumulative 110 bps rate cut that RBI has announced so far this year.

Got an income tax notice? Check if its valid

Got an income tax notice? Check if its valid


You do not need to reply or act upon any any income tax notice if it doesn't have a Document Identification Number You can easily check the validity of any income tax notice or letter that you might have received

5 changes that will impact your personal finances from October 1

5 changes that will impact your personal finances from October 1


Starting today, all I-T notices, letters or other tax related correspondence will carry a unique number.