Lic

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Lic - Total results - 327
IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter
Business

IDBI Bank shares rally 20% after lender posts net profit of Rs 135 cr in March quarter

IDBI Bank shares on Monday zoomed 20 percent to its highest trading permissible limit for the day after the company posted a profit of Rs 135 crore in the quarter ended March

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report
Business

India's most valuable companies likely to lose $25 bn of brand value as COVID-19 pandemic wreak havoc: Brand Finance report

Brand Finance has assessed the impact of COVID-19 based on the effect of the outbreak on enterprise value, compared to what it was on 1 January 2020

LIC's new premium business jumps 25.2% in FY20, records best sales in past six years; market share up 1.2%
Business

LIC's new premium business jumps 25.2% in FY20, records best sales in past six years; market share up 1.2%

Despite losing the most productive fortnight of the year to COVID-induced lockdowns, the national insurer LIC achieved a healthy 25.2 percent growth in the first-year new business premium in 2019-20, while private players collectively recorded just 11.64 percent

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline
Business

Life insurance companies register 11.4% growth in premium income in FY20; LIC logs 22.5% decline

India's life insurance companies clocked 11.36 percent growth in their collective premium income at Rs 48.26 lakh crore during the fiscal ended March 2020, data from IRDAI showed

Coronavirus Outbreak: Govt extends renewal date for health, motor vehicle insurance policies to 15 May
Business

Coronavirus Outbreak: Govt extends renewal date for health, motor vehicle insurance policies to 15 May

The finance ministry said that with a view to mitigate hardship to policyholders whose health and motor (third party) insurance policies are due for renewal during COVID-19 lockdown, the government issued notification.

LIC extends 30-day grace period to policyholders for premiums due in March and April as India crosses 9,150 cases
India

LIC extends 30-day grace period to policyholders for premiums due in March and April as India crosses 9,150 cases

Life Insurance Corporation of India (LIC) has extended period of payment of premium for all policies due in the month of March and April 2020 by 30 days.

Coronavirus Outbreak: Govt may slash borrowings from market in April; travel curbs disrupt bond market trading
Business

Coronavirus Outbreak: Govt may slash borrowings from market in April; travel curbs disrupt bond market trading

The government was likely to announce its borrowing plan by Tuesday at the latest, a finance ministry spokesman said.

Coronavirus outbreak: LIC extends premium payment deadline to 15 April even as government orders lockdown
India

Coronavirus outbreak: LIC extends premium payment deadline to 15 April even as government orders lockdown

In a move to ease the pressure on policyholders amid the coronavirus pandemic, Life Insurance Corporation (LIC) has extended the deadline for paying premium

LIC IPO expected to improve accountability, transparency; encourage pvt sector insurance firms to get listed: Fitch
Business

LIC IPO expected to improve accountability, transparency; encourage pvt sector insurance firms to get listed: Fitch

The proposed initial share sale of LIC will improve the accountability and transparency of the country's largest insurer and benefit the insurance industry, Fitch Ratings said on Wednesday

Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020
Business

Insurance watchdog IRDAI says 'yet to get' proposal from LIC on IPO; announcement made during Budget 2020

Khuntia said only LIC has undertaken efforts on micro-insurance and exhorted others to fasten up on the same given the needs in India

No proposal to merge LIC Housing Finance with any other entity, says LIC; shares plunge over 10%
Business

No proposal to merge LIC Housing Finance with any other entity, says LIC; shares plunge over 10%

Life Insurance Corporation on Monday said there is no proposal to merge its subsidiary LIC Housing Finance Ltd (LICHFL) with any other entity

LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020
Business

LIC's new business premium crosses Rs 1.5 lakh cr for first time in history, reports 17.48% growth till January 2020

During the current financial year, LIC has paid 1,42,93,289 maturity claims amounting to Rs 69,748 crore as of 31 January 2020.

Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced
Business

Budget 2020: Nirmala Sitharaman's fiscal math seems to have put worst behind; economy set to rebound with proposals announced

The Budget brought more clarity on the fiscal deficit side by pegging the deficit figures at 3.8% of the GDP for FY 2019-20 and 3.5% for FY 2020-21, showing a deviation of 0.5% from the fiscal glide path.

LIC IPO: About 1 lakh employees stage walk-out across country against proposed stake sale; future course of action to be decided next month
Business

LIC IPO: About 1 lakh employees stage walk-out across country against proposed stake sale; future course of action to be decided next month

In a statement issued earlier on Tuesday, AILEF said listing of LIC is against national interest as over the years it has been playing a pivotal role in nation building activities.

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans
Business

LIC staff union to hold hour-long walk-out strike today to protest against govt's IPO plans

The employees' union of Life Insurance Corporation (LIC) will stage an hour-long walk-out strike on Tuesday to protest against the government's move to sell its stake in the state-run insurer through an initial public offering

Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman
Business

Disinvestment proceeds to be used for creating infrastructure for country, not to bridge revenue deficit: Nirmala Sitharaman

The government set an ambitious disinvestment target of Rs 2.10 lakh crore for the next financial year, which includes selling stake in BPCL and insurance behemoth LIC.

LIC public offer likely in second half of FY21, about 10% govt stake to be sold; aims to garner Rs 90,000 cr: Govt
Business

LIC public offer likely in second half of FY21, about 10% govt stake to be sold; aims to garner Rs 90,000 cr: Govt

There are a number of processes which have to be followed and some legislative changes would also be required for the listing of LIC, Kumar said.

Nirmala Sitharaman’s record 160-minute long Budget speech a missed opportunity to revive a floundering economy
Business

Nirmala Sitharaman’s record 160-minute long Budget speech a missed opportunity to revive a floundering economy

The decision to sell part of government stake in LIC and list shares on stock exchanges is one big announcement made in the Budget and will be seen with a lot of interest by the investors.

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?
Business

Budget 2020: Banking sector is feeling the heat of economic slowdown; can Nirmala Sitharaman clear the mess?

In a normal scenario, these suggestions make sense. But, the state of Indian banking sector is far from normal.

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced
India

Nirmala Sitharaman says states refusing to implement CAA is 'unconstitutional', all have responsibility to ensure law is enforced

Defending the Citizenship (Amendment) Act, Nirmala Sitharaman maintained there was no necessity to mix up the National Register of Citizens (NRC) and National Population Register with the CAA and appealed to those opposing the act not to make allegations that would lead to unrest among the public.