Latest news with #LICofIndia
Hans India
7 days ago
- Business
- Hans India
LIC secures BSI certification
Hyderabad: LIC of India, the leading public sector Insurer, has been awarded the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI) reaffirming that the Insurer's Operational Resilience, Business Continuity Planning and Risk Management capabilities are consistent with global best practices.
United News of India
29-05-2025
- Business
- United News of India
LIC receives BSI Certification
Hyderabad, May 29 (UNI): LIC of India, the leading Public sector Insurer, has been awarded the ISO 22301:2019 Business Continuity Management System (BCMS) certification from the British Standards Institution (BSI). The ISO 22301:2019 BCMS accreditation recognises the Insurer's ability to maintain robust business continuity practices, ensure uninterrupted services even during unforeseen disruptions, and effectively manage risk, the insurance company said in a release on Thursday. ISO 22301:2019 is an international benchmark for business continuity management, focusing on minimizing operational disruptions and ensuring swift recovery in times of crisis. Achieving this certification enhances LIC's reputation as a resilient organisation that is well-prepared to ensure continuity of services even in the face of unexpected challenges that may arise and serve customers seamlessly. Speaking on this milestone, Siddhartha Mohanty, CEO & Managing Director, LIC said, " Receiving the prestigious ISO 22301:2019 certification stands as a testament to our commitment to ensuring business continuity in the face of any disruptive events and safeguarding the interests of our stakeholders, further strengthening confidence in LIC." "Security and resilience have always been central to LIC's operational philosophy," stated Tablesh Pandey, Managing Director, LIC. "Achieving ISO 22301 certification underscores our unwavering dedication to safeguarding the interests of millions of policyholders by ensuring secure, uninterrupted services, and consistently enhancing our preparedness against disruptions," Pandey added . UNI KNR BD
Business Upturn
05-05-2025
- Business
- Business Upturn
Stocks to watch on May 6, 2025: Tata Steel, SBI, Kotak Bank, Tata Motors, Adani Ports, Oberoi Realty, IRCON and more in focus today
Indian equity markets are likely to react to a slew of corporate earnings, stake movements, operational updates, and strategic announcements. Here's a look at the top stocks that will be in focus today: Tata Steel: LIC of India has increased its stake in the company to 7.85%, up from 5.84% earlier, through open market purchases. Sunteck Realty: The Mumbai-based real estate developer reported a 19% sequential rise in Q4 net profit, reaching ₹50 crore, aided by higher revenue and better margins. Revenue rose 27% QoQ to ₹206 crore, and annual pre-sales reached a record high. Tata Motors: Shares will be in focus after reports indicated that its subsidiary Jaguar Land Rover (JLR) has resumed car exports to the US. Separately, the company has announced a ₹500 crore NCD issuance, split into two tranches with a coupon rate of 7.08% p.a. Kotak Mahindra Bank: The private lender posted a 14% YoY decline in net profit for Q4FY25 at ₹3,551.7 crore, though NII rose 4% YoY to ₹7,283.6 crore. RR Kabel: The company reported a 63.9% YoY jump in consolidated net profit to ₹129 crore in Q4, while revenue rose 26.4% YoY to ₹2,218 crore. EBITDA rose 68.7% to ₹194.4 crore. City Union Bank: Reported a 13% YoY increase in net profit at ₹288 crore in Q4FY25. Net interest income grew 9.8% YoY to ₹600.3 crore. IRCON International: The company received a work order worth ₹458.14 crore from the North Eastern Electric Power Corporation. Oberoi Realty: Registered gross booking value of ₹970 crore at its Elysian Tower D project in Goregaon, Mumbai. State Bank of India (SBI): India's largest lender reported a 9.9% YoY drop in net profit to ₹18,643 crore in Q4FY25, while net interest income grew 1.5% YoY to ₹42,774 crore, aided by steady loan growth. Avenue Supermarts (D-Mart): The retailer posted a 2% YoY decline in consolidated net profit at ₹551 crore for Q4FY25, despite strong revenue growth, due to margin pressure. JSW Steel: A ₹702-crore demand raised by the Deputy Director of Mines has been set aside by the revisionary authority and sent back to the Odisha government for fresh consideration. The case pertains to alleged violations at the company's mines. Adani Ports: Reported handling 37.5 million tonnes of cargo in April 2025, marking a 4% YoY growth, led by a 21% surge in container volumes and 8% increase in liquids and gas. Rail logistics also grew strongly during the month. GOCL Corporation: The company announced the disinvestment of its subsidiary IDL Explosives Ltd for ₹107 crore. IDLEL contributed 87% of FY24 revenue but only 0.71% of net worth. Gravita India: Reported a 37% YoY increase in Q4 PAT to ₹95 crore, while revenue grew 20.1% YoY to ₹1,037 crore, driven by strong performance in its recycling businesses. Swiggy: The company said its 10-minute food delivery service 'Bolt' has now expanded to over 500 cities with more than 45,000 restaurant partners. Bolt now handles 1 in every 10 food orders within six months of launch. Disclaimer: This news article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.
Hans India
28-04-2025
- Politics
- Hans India
AIIEA condemns ghastly terror attack
Visakhapatnam: The All India Insurance Employees' Association (AIIEA) condemns the ghastly terrorist attack on innocent tourists in the tourist hotspot of Pahalgam in Jammu and Kashmir. Expressing shock over the incident, general secretary of AIIEA Shreekanta Mishra mentioned that it was very unfortunate that the horrific attack claimed 26 lives, including an officer of the LIC of India. 'Our condolences to the bereaved families and we extend support to them to sail over the difficult time,' he stated. The cowardly act of violence is a direct assault on peace, humanity and the values that Indian people hold dear. The Union government should act swiftly to restore peace and normalcy in Kashmir and ensure a lasting political solution in the region, the AIIEA general secretary said, adding that the AIIEA stands united in grief in a resolve to ensure that such acts of terror do not succeed in dividing communities or shaking the collective spirit.
Time of India
24-04-2025
- Business
- Time of India
Pahalgam tragedy: LIC announces special window for death claim settlements, how to file a death claim with LIC
— LICIndiaForever (@LICIndiaForever) Live Events Procedure for death claim settlement Life Insurance Corporation (LIC) of India has expressed deep sorrow over the tragic loss of innocent lives in Pahalgam. In a compassionate response, LIC has announced special window to expedite the settlement of death claims for the deceased individuals.A nominee should know that the process to file a death claim is completely offline. You should keep all the required documents to file the death claim handy before approaching the home branch from where the policy was to the LIC's official social media post, 'LIC of India expresses deep grief over the death of innocent citizens at Pahalgam and has announced special concessions to settle the Death Claim of the deceased, at the earliest. LIC of India stands firmly with the aggrieved family in their moments of grief, said Shri Siddhartha Mohanty, CEO & MD, LIC of India.'Also read: No cashless claim in Max Hospitals in Delhi NCR for policyholders of CARE Health Insurance The death claim is payable for policies where premiums are up to date or where death has occurred within the grace initiate the process of death claim settlement, the claimant must first notify the LIC servicing branch in writing, providing the policy number, date of death, and cause of death. Following this, the claimant is required to submit Claim Form A, which includes essential details about both the deceased and the claimant. A certified extract from the local death register must be provided as the official death certificate. The original policy document must also be submitted, along with proof of age for both the deceased and the claimant, such as an Aadhaar card or PAN card. In cases where the policy is not nominated or assigned, evidence establishing legal entitlement to the deceased's estate is required. Finally, for the disbursement of the claim, the claimant must submit their banking details, including a duly filled NEFT form, a cancelled cheque, or a copy of their bank receiving intimation of death, the servicing branch will request the following documents:Notify the LIC servicing branch in writing with the policy number, date, and cause of the claimant's statement providing details of the deceased and the claimant.: Certified extract from the local death Policy Document: Submit the original policy both the deceased and the claimant (e.g., Aadhaar card, PAN card).Nominee/Assignee Details: If the policy isn't assigned or nominated, submit proof of legal entitlement to the form along with a cancelled cheque or copy of the bank passbook for electronic transfer of claim amount.(If death occurs within 3 years of the policy's commencement, revival, or reinstatement)Medical Attendant's Certificate detailing the last if the deceased received hospital the medical attendant who treated the deceased prior to the last of Identity and Burial/Cremation, signed by a person of from the employer, if the deceased was copies of the First Information Report (FIR), Post-Mortem Report, and Police Investigation Report (in case of accidental or unnatural death).These documents help LIC ensure that the claim is genuine and that no material facts were misrepresented at the time of policy issuance. They also assist in facilitating internal investigations, where necessary.
