Life Insurance Corporation

Life Insurance Corporation News

LIC set to debut shares on stock market today; here's what you need to know
Business

LIC set to debut shares on stock market today; here's what you need to know

LIC had last month reduced its IPO size to 3.5 per cent from 5 per cent decided earlier due to the prevailing choppy market conditions

LIC IPO share allotment expected today, check steps to see status online here
Business

LIC IPO share allotment expected today, check steps to see status online here

The IPO was open from 4 May to 9 May for the subscription. While the allotments are expected to be done today, shares will likely be credited to Demat accounts on 16 May

LIC IPO: Anchor investor portion oversubscribed on Day 1
Business

LIC IPO: Anchor investor portion oversubscribed on Day 1

Out of the proposed Rs 21,000 crore IPO, LIC targets to raise Rs 5,630 crore through anchor investors

Government to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore
Business

Government to sell 3.5% stake in LIC, IPO to fetch Rs 21,000 crore

The government in February had planned to sell a 5 percent stake in Life Insurance Corporation (LIC). However, the ongoing market volatility due to the Russia-Ukraine war made it lower the IPO size

Centre files draft papers with market regulator SEBI for LIC IPO
Business

Centre files draft papers with market regulator SEBI for LIC IPO

The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with SEBI

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022
Business

Opinion | No dearth of privatisation critics but Centre must go ahead with PSU sale in 2022

Just like the strategic sale of Balco in 2001, when the government sold its 51 percent equity in the aluminum major, galvanised privatisation in the country, Air India sale has the potential of accelerating the pace of disinvestment.

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