{
Siddhartha Mohanty

People

}
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LIC targets fivefold premium income from Bima Sakhi scheme in first year

The Life Insurance Corporation (LIC) aims to generate five times the Rs 840 crore stipend cost from the Bima Sakhi scheme, launched in Panipat. Chairperson Siddhartha Mohanty announced plans to enroll 1 lakh women in the first year, with each receiving a monthly stipend of Rs 7,000. Despite regulatory changes, LIC expects to maintain its 60 percent market share.
Moneycontrol
Indian Rupee Life Insurance Corporation of India IND Siddhartha Mohanty
Finance & Economy, Market Report
13:39 09.12.2024

lic explores acquisition of 50 percent stake in manipalcigna health insurance

LIC shares rose by 1% to Rs 927 on November 28, fueled by reports of the insurer pursuing a 50% stake in ManipalCigna Health Insurance. This strategic move aims to enhance LIC's presence in the health insurance sector, aligning with previous statements from its CEO about expanding offerings in this rapidly growing market.
Moneycontrol
Cigna Corporation Life Insurance Corporation of India IND Siddhartha Mohanty
Finance & Economy, Market Report
04:57 28.11.2024

lic ceo advocates collaboration with telcos and e-commerce for insurance reach

Siddhartha Mohanty, CEO and MD of LIC, emphasized the need for collaboration with telecom, e-commerce, and fintech sectors to enhance insurance distribution across India. He acknowledged the limitations of traditional channels in reaching underserved rural markets and advocated for innovative approaches to achieve "insurance for all."
Moneycontrol
LIC Housing Finance Limited IND Siddhartha Mohanty
Finance & Economy, News Article
12:58 22.10.2024
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