Life Insurance-corporation

Showing of 1 - 20 from 48 results
Life Insurance-corporation - Total results - 48
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

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.

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

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

Insurance stock investors should buy; what could make Eicher Motors attractive? Read all this and more on Moneycontrol Pro
Business

Insurance stock investors should buy; what could make Eicher Motors attractive? Read all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

PNB likely to take control of Allahabad Bank, two other PSBs; process may start in next 3 months
Business

PNB likely to take control of Allahabad Bank, two other PSBs; process may start in next 3 months

PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named, as they are not authorised to speak to the media.

SEBI bars Hotel Leelaventure from selling four hotels and other assets to Brookfield Asset Management
Business

SEBI bars Hotel Leelaventure from selling four hotels and other assets to Brookfield Asset Management

Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur, and property to Canadian investment fund Brookfield

Govt sells Rs 1,150 cr worth enemy shares in Wipro to LIC, GIC, New India Assurance
Business

Govt sells Rs 1,150 cr worth enemy shares in Wipro to LIC, GIC, New India Assurance

Generally, enemy property refers to the assets left behind by people who migrated to Pakistan or China and are no longer citizens of India

RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC
Business

RBI says no to IDBI Bank's proposal to change its name following the transfer of controlling 51% stake to LIC

The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of controlling 51 percent stake to insurance behemoth LIC from the government of India

IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeover
Business

IDBI Bank name proposed to be LIC IDBI Bank or LIC Bank after insurance behemoth takeover

The board has proposed LIC IDBI Bank Ltd as the first preference followed by LIC Bank Ltd.

Max Life Insurance overtakes LIC in terms of claims settlement in FY 2017-18, shows IRDAI data
Business

Max Life Insurance overtakes LIC in terms of claims settlement in FY 2017-18, shows IRDAI data

Max Life Insurance has introduced many checks and balances to strengthen the customer application and underwriting process

LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel
Business

LIC completes acquisition of 51 percent stake in IDBI Bank; insurer to have strategic investment in large bancassurance channel

IDBI Bank Monday said insurance behemoth LIC has completed the acquisition of 51 percent controlling stake in the bank

Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairman
Business

Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairman

Bhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement.

Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy
Business

Saving the Titanic: Govt took control of IL&FS to avert 'catastrophic' damage to financial markets, economy

Saving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of 910 billion rupees ($12.36 billion) was from public sector banks.

Debt-ridden IL&FS will not be allowed to collapse, all options open: LIC Chairman VK Sharma
Business

Debt-ridden IL&FS will not be allowed to collapse, all options open: LIC Chairman VK Sharma

IL&FS Financial Services, a group company of IL&FS defaulted on one of its commercial paper (CP) issuances due for repayment on Monday

Cash-strapped hospitality chain Hotel Leelaventure defaults on payment of quarterly interest to LIC
Business

Cash-strapped hospitality chain Hotel Leelaventure defaults on payment of quarterly interest to LIC

Hotel Leelaventure said its operating cash flows are not sufficient to service its term loans and NCDs

LIC to buy 14.9% stake in IDBI Bank; move would eventually lead to acquisition of majority stake in state-owned lender
Business

LIC to buy 14.9% stake in IDBI Bank; move would eventually lead to acquisition of majority stake in state-owned lender

In August, the Union Cabinet had approved LIC's proposed acquisition of up to 51 percent stake in debt-ridden IDBI Bank.