LIC posts 14.6% growth in June individual premium income
individual premium
in
June 2025
, higher than 12.12 per cent growth in
premium income
of private life insurers, Life Insurance Council data showed on Thursday.
In June 2025, LIC collected Rs 5,313 crore in individual premium, compared to 25
private sector companies
, which together accounted for Rs 8,408 crore.
During the month of June 2025, total policies issued by LIC stood at 12.49 lakh from 14.65 lakh in the same period last year. In the individual policies category, LIC issued 12.48 lakh polices for June 2025 from 14.62 lakh policies in 2024, Group policies stood at 1,290 in the last month from 2,827 for June 2024.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Nhà tiền chế 2025: Lựa chọn nhà ở giá rẻ (Tìm hiểu thêm)
Prefabricated Homes
Tìm hiểu thêm
In group premium income, LIC earned Rs 22,087 crore, a 7 per cent
decline
over June last year. The
private sector
reported a degrowth of 19 per cent in group premium income at Rs 5,315 crore.
The total premium income of LIC during the month declined 3.43 per cent to Rs 27,395 crore. Private sector players reported 2.45 per cent decline at Rs 13,722 crore in total premium income.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
33 minutes ago
- Time of India
RBI announcements on Wednesday: Banks keep an eye on new liquidity, co-lending norms
Bankers are looking forward to two important announcements from the RBI—revised liquidity management framework and final norms on co-lending arrangements between lenders—on Wednesday, after the three-day monetary policy meeting, according to industry executives. ET finds out: Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 Foods That Can Lower Your Blood Pressure Undo
Time of India
38 minutes ago
- Time of India
Decade-long delay: New Chandigarh farmers still await plots under 2013 pooling scheme
Chandigarh: Even as the AAP govt is promoting its new Land Pooling Policy, 2025, farmers of Hoshiarpur village in New Chandigarh for over a decade have been waiting for commercial sites they were promised by Greater Mohali Area Development Authority (GMADA) for the Eco City II (extension) scheme after their land was acquired in 2013. Tired of too many ads? go ad free now While landowners who opted for monetary compensation were paid, those who chose plots are still waiting for their final allotment of commercial plots. They have only received a letter of intent (LoI), which is not the same as a final plot allotment. Landowners say their plans to rent out showrooms and booths have been stalled since their fertile farmland, their main source of income, was acquired. For those who chose plots over cash compensation by GMADA, the delay has left them in limbo. Satnam Singh, whose five acres were acquired for Eco City II, opted for plots under the land pooling scheme and received an LoI for two commercial sites. "Even though the letter of intent was issued to me, I am yet to get the allotment," he said, adding, "By now, I would have developed the sites and given them on rent." He did, however, receive possession of his residential plots — 2 of 500 square yard, 2 of 300 square yard, and 2 of 200 square yard. "We were given Rs 25,000 per acre for three years and then this compensation too was stopped. However, we have not been compensated for the delay in the case of commercial sites. There is certainly a need for commercial sites in the area as there is not even a milk booth to cater to the locals," he added. "People in my village had the option to opt for cash compensation on a part of the acquired land, which made them comfortable despite the delay," he explained. Tired of too many ads? go ad free now "However, the new land pooling policy does not include this option." Manjit Singh, another landowner, said while his family received three residential plots promised for their 12 acres acquired in 2018, the 12-square-yard showroom site they were also promised is still pending. He noted they hoped to receive all the sites within two-three years and advised others to "be very cautious when making choices when their land is acquired". Gurdial Singh's family, which opted for land pooling for their five acres, was promised two to four showroom sites of 121 square yards. The delay in receiving these sites has created a significant financial strain on the family. "It has made things difficult for us financially," he said. In 2013, GMADA acquired approximately 96 acres of land in Hoshiarpur village for the Eco City II (Extension) scheme. As part of the land pooling policy, landowners were given the option of receiving plots in return for their land. GMADA carved out 106 residential plots and 66 commercial plots for this purpose. "This area has not developed as expected despite its proximity to Chandigarh. Many residential sites have no takers. These ambitious projects have not been delivered on it," added Satnam Singh. The villagers also pointed out a contradiction, stating that GMADA is selling plots to the public from land acquired for the schemes, while beneficiaries of the land pooling policy are still waiting for their promised allotments. Meanwhile, the GMADA officials claimed last month that tenders were floated recently to carry out development works. BOX: 'BOTH RESIDENTIAL, COMMERCIAL SITES NOT GIVEN' Avtar Singh Walia, vice-president of the Resident Welfare Association for Eco City II, is among those affected. His 10 acres were acquired for the Eco City II (extension) project, but he has yet to receive either the promised residential plots (150 and 200 square yards) or the commercial plots. Citing a lack of development on the Eco City II (extension) site, he noted that landowners only have a letter of intent (LoI) and have repeatedly raised the issue with GMADA. "We have not been allotted residential and commercial plots in Eco City II... even though people have built houses in the project. At the same time, no commercial site has been developed in Eco City II, and people have to go four km to get daily needs," he said. MSID:: 123097679 413 |
Time of India
38 minutes ago
- Time of India
After 137 years, Kashmir's oldest hotel loses battle for legacy
Picture: Nedous Hotel's website SRINAGAR: Edwina Mountbatten sipped tea here. Khrushchev's Soviet delegation walked its wooden halls. In 1947, foreign correspondents wrote dispatches from its snow-wrapped verandas as Kashmir burned during the tribal invasion. Today, it lies sealed. J&K govt took control of Nedous Hotel in Gulmarg — a colonial-era landmark established in 1888 — ending a 137-year-old legacy tied to royalty, revolution, and the region's political aristocracy. Gulmarg Development Authority (GDA) issued Saturday a 24-hour eviction notice to what it called an 'unauthorised occupant'. The lease had lapsed 40 years ago. Perched beside Gulmarg's golf course with views of Mount Apharwat, the heritage property was widely regarded as the region's first hotel. Historian Khalid Bashir Ahmad said the Gulmarg property was leased in the late 1800s by Maharaja Pratap Singh's govt at Rs 500 a year. Its original founder Michael Adam Nedou — a hotelier from Dubrovnik — had earlier established lodges in Lahore and Srinagar. His son Michael Henry 'Harry' Nedou embraced Islam and took the name Ghulam Qadir. He married Mir Jan, a Gujjar Muslim woman, and had a daughter named Akbar Jahan — who would go on to marry Sheikh Mohammad Abdullah, founder of National Conference. 'The elder Nedou also repaired the Maharaja's huts, while his son ran a pony-cart service between Tangmarg and Gulmarg,' Ahmad said. Known for its wooden log-cabin design, the 24-room Nedous Hotel combined Kashmiri architecture with alpine warmth, offering a panoramic view of meadows and snow-capped peaks. Bollywood touched it too: a hut near the property was the backdrop for the iconic 1973 song 'Hum Tum Ek Kamre Mein Band Ho' from Bobby. Historian MJ Aslam said the hotel was the epicentre of Kashmiri hospitality till the 1940s. Lord Mountbatten and Edwina stayed there, as did Maharajas of Gwalior and Kolhapur. In 1955, it hosted a top-level Soviet delegation led by Khrushchev and Nikolai Bulganin. Major Gen Hiralal Atal referenced it in his memoirs Nehru's Emissary in Kashmir. Despite its pedigree, the legal foundations crumbled. Govt had leased the 12-plus acre property to Col Harry Nedou in 1963. That lease expired in Dec 1985. The Nedou family petitioned for renewal but received no formal response for years. In 2015, GDA informed them that the administrative department had rejected the request. A show-cause notice was issued the same year. The family, represented by Umer Khaleel Nedou, took the matter to J&K high court. Their petition cited a 2009 committee formed to review such leases and submitted rent receipts of Rs 12,272 from the 1980s. The court didn't agree. A division bench ruled on Sept 6, 2018, that no rent had been paid since 1990. 'The property has been occupied without legal right for over 28 years,' it said. The Supreme Court later upheld the judgment, dismissing the family's special leave petition. For years, however, no action followed — until now. With the takeover, Gulmarg's past — stitched together with colonial footsteps, princely holidays, and Cold War diplomacy — slips quietly behind a locked door.
