Latest News on Life Insurance Corporation
Showing of 0 - 10 from 24 results
Life Insurance Corporation - Total results - 24
Jul 04, 2018
LIC-IDBI Bank deal: Insurer's proposed 51 percent stake buy may not require Parliament's approvalSince it is going to be a financial deal as per the LIC Act, the legislation would not require amendment, sources said
Jun 30, 2018
LIC gets IRDAI nod for IDBI Bank buy: NPA-ridden lender gets a policy cover and the insurer, a risky betLIC is using the insurance premium it collected from customers to bailout IDBI Bank, and should the experiment go wrong, it will have to answer the customer first.
Jun 26, 2018
LIC to bailout IDBI Bank? The insurer will have to feed a white elephant with an insatiable hunger for moneyLIC doesn’t have the technical expertise or experience to promote a bank; owning a bank is not a part of the insurer's original mandate
Jun 03, 2018
Telangana formation day: K Chandrasekhar Rao promises Rs 5 lakh life insurance scheme for farmers, lists his govt's accomplishmentsTelangana government said on Saturday that it would soon announce a Rs five lakh life insurance scheme for farmers of the state.
Apr 16, 2018
Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plansIf the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.
Jul 24, 2017
Varishtha Pension Yojana: Will the existing scheme cannibalise it?It appears that the new scheme would arouse the interest of only those who have more than Rs 15 lakh to spare
Jun 19, 2017
LIC corners 38.67% of SBI's Rs 15,000 cr QIP issueSBI will use the QIP proceeds to augment its capital adequacy ratio and for general corporate purposes.
Sep 06, 2016
Virbhadra Singh money laundering case: ED files chargesheet against LIC agent Anand ChauhanThe Enforcement Directorate (ED) on Tuesday filed a chargesheet against Life Insurance Corporation agent Anand Chauhan in the disproportionate assets case registered against Himachal Pradesh Chief Minister Virbhadra Singh.
Sep 02, 2016
Govt hints at LIC's IPO, says with Rs 22.10 lakh cr assets insurer commands over 15% of GDPWith a profit of around Rs 40,000 crore last fiscal year, LIC is the most profitable entity in the country, next only to the Reserve Bank of India
Jun 23, 2016
LIC chairman SK Roy, another UPA appointee, resigns before his 5-year termRoy has cited personal reasons for his premature exit from the country's biggest public sector financial institution