The insurer retained its market leadership during FY26, accounting for 56.66% of the industry's first-year premium income and 65.16% of all policies sold in the country, according to its FY26 Annual Report released on Friday

The consequences of this lack of awareness are significant. At the beginning of FY2025, insurers were holding more than ₹9,305 crore in unclaimed amounts, including maturity proceeds, death claims and surrender values.

NEW DELHI: State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said.

Five-year health insurance moratorium reduces wrongful claim rejections for genuine non-disclosures while preserving fraud checks, so policyholders must stay transparent and maintain continuous cover for protection.

The Life Insurance Corporation of India (LIC) is launching two New Jeevan Sathi joint life insurance plans — Single Premium and Limited Premium — in June 2026. Check eligibility, policy features, benefits

The mandatory annuity requirement for non-government subscribers has been reduced from 40% to 20%.

Selling a property can leave you with a sizable profit, but it can also rake up significant taxes. The amount of tax you pay depends on how long you have owned the property and the capital gains tax rules introduced in the Union Budget 2024 and made effective from July 23, 2024. The changes have altered how long-term gains from property sales are calculated and taxed.

5 reasons why you can get income tax notice for FY 25-26 ITR: Salary income, TDS, AIS mismatches and more

Net profit for the quarter came in at Rs 23,467 crore compared with Rs 19,039 crore in the corresponding period last year.