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Tag Archives: LIC

Birth certificates no longer a must for passport

NEW DELHI: You no longer need to show your birth certificate to get a passport. Continuing the process of simplifying passports for Indian citizens, the government informed Parliament this week that Aadhaar or PAN card among a host of documents could be used to establish proof of birth. According to the Passport Rules, 1980, all ... Read More »

Axis Bank eyeing to tie-up with one more life insurer

Axis Bank, a private sector lender, is planning to expand its business of distributing life insurance policies through a tie-up with one more insurer. The bank currently has a partnership with Max Life and LIC. The present rule allows an open architecture with up to three insurers. As for general ... Read More »

Indian Bank offers loan for renovation of houses

Indian Bank has launched a new home loan product — IB Home Enrich — for repairs and renovation of houses. Customers can avail this loan up to 36 times their gross monthly income, subject to a maximum of Rs 10 lakh. There is no need for mortgage of the house ... Read More »

Bank of India to raise Rs 204 crore by issuing shares to LIC

Bank of India has decided to raise Rs 204.42 crore by issuing shares to Life Insurance Corporation of India (LIC). The shareholders at the extra ordinary general meeting held on March 30, 2017 approved to allot 1.75 crore shares on preference basis to LIC at Rs 116.81 per share. The ... Read More »