Life insurance preferred investment choice for 70% millennials: Survey

New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.

Union Cabinet clears LIC-IDBI deal

New Delhi, Aug 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50 percent by dilution. 

LIC board gives nod to acquisition of 51 pc stake of IDBI

Mumbai, July 16 (IBNS): The board of Life Insurance of India (LIC) on Monday approved the acquisition of  51 per cent stake in IDBI Bank, Economic Affairs Secretary Subhash Chandra Garg said.

Axis Bank to offer LIC products to its customers

New Delhi, July 28 (IBNS): Life Insurance Corporation of India , a life insurance company with a market share of 76.8% in policies and 70.4% in first premium, and Axis Bank, India’s third largest private sector bank with widespread network of 3006 branches(including extension counters), on Thursday signed an MoU to distribute LIC’s multiple life insurance products to their customers.

LIC Mutual Fund ties-up with Cosmos Co-operative Bank for distribution of MF products

Mumbai, July 4 (IBNS): LIC Mutual Fund Asset Management Company on Monday announced its tie-up with Cosmos Co-operative Bank for distribution of its mutual fund products through the bank’s 140 branches spread across pan-India.