LIC Moves Up in Global Insurance Rankings with $554 Billion in Assets
Mumbai:Life Insurance Corporation of India (LIC), the country’s largest insurer, has achieved a significant milestone by moving up in the global rankings of insurers based on non-bank assets. With total assets amounting to nearly $554 billion, LIC now holds the 12th position globally, improving from the 13th spot it held last year, according to the […]
LIC’s Claim Settlement Rate Outshines Peers
The Life Insurance Corporation of India (LIC) has reported a claim settlement ratio of 98.5% as of March 31, 2023, according to the Insurance Regulatory and Development Authority (IRDA) annual report. This is slightly lower than the previous year’s 98.7%, yet higher than most private sector insurers, which averaged around 98%. For group life insurance, […]
Common Financial Mistakes People Make — And How to Avoid Them indian
Introduction Financial security doesn’t come from luck—it comes from planning, discipline, and smart decision-making. Unfortunately, many people make simple mistakes that cost them heavily in the long run.Here are the six most common financial mistakes and how Laxmi Insurance and Investment can help you avoid them. 1. Not Having Life or Health Insurance Many people […]
Why Financial Planning is the Key to a Secure Future
Introduction In today’s unpredictable world, financial stability isn’t just a luxury—it’s a necessity. Whether it’s protecting your family, planning for your child’s future, or preparing for retirement, financial planning forms the foundation of a stress-free life. At Laxmi Insurance and Investment, we believe that everyone deserves a well-structured financial plan that aligns with their goals, […]
Laxmi Insurance & Investment Reaches Milestone: ₹55 Crore Total Risk Cover Managed!
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