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Life Insurance Corporation of India (LIC) had earlier introduced Jeevan Kiran, a Non-Linked, Non-Participating, Individual, Savings, Life Insurance plan.
Against a Sensex rise of 18.15 per cent in 2023, Infosys delivered a mere 1.25 per cent return; SBI gained 4.69 per cent, HDFC Bank 5.10 per cent, RIL 9.2 per cent and JSW Steel 12.87 per cent during the same period.
Earlier this year, the government had amended the regulation so that listed state-run companies, including banks, will not need to comply with the rule requiring an MPS of 25 percent even after their privatisation, if the government decides so
In a departure from the past, term insurance issuance to the self-employed has gone up; Policybazaar internal sales data showed an increase of 25 percent between July 2021 to September 2023.
Insurance behemoth Life Insurance Corporation of India (LIC) has launched many attractive insurance products in the year 2023. Here is a list of LIC products that were launched this year.