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Life Insurance Corporation of India pares 2% stake in NMDC

Life Insurance Corporation of India pares 2% stake in NMDC

Fri, Dec 13, 2024

State-owned insurer Life Insurance Corp of India (LIC) has pared its stake in iron-ore producer NMDC Ltd by 2 per cent, according to an exchange filing. After the stake sale, LIC's holding in the state-run iron ore mining company NMDC has dropped to 5.6 per cent from 7.6 per cent earlier.

LIC shares drop nearly 4% after November premium slump

LIC shares drop nearly 4% after November premium slump

Tue, Dec 10, 2024

LIC shares drop nearly 4% as November premiums decline by 27% year-on-year. Investors weigh the insurer’s underperformance against plans to expand into health insurance and support for increased FDI.

PM Narendra Modi to launch LIC Bima Sakhi Yojana

PM Narendra Modi to launch LIC Bima Sakhi Yojana

Sun, Dec 08, 2024

During his upcoming visit to Haryana, the Prime Minister will launch the LIC Bima Sakhi Yojana initiative aimed at empowering women aged 18-70 years under certain conditions. The Bima Sakhi Yojana drive is in tandem with the PM's commitment to women empowerment and financial inclusion.

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Motilal Oswal suggests buying these 4 stocks for up to 40% gains, check targets

Motilal Oswal suggests buying these 4 stocks for up to 40% gains, check targets

Wed, May 29, 2024

The benchmark equity indexes Sensex and Nifty fell almost one per cent on Wednesday, May 29, the fourth day in a row, as cautious investors took profits ahead of the Lok Sabha election results.

LIC share price target: What lies ahead for LIC shares? Here's what brokerages suggest

LIC share price target: What lies ahead for LIC shares? Here's what brokerages suggest

Wed, May 29, 2024

Should you buy, sell or hold LIC shares? Global brokerages have maintained a neutral call each on the Life Insurance Corporation of India (LIC) following state-run life insurance major's March quarter results.

D-Street Newsmakers: LIC, IRCTC, Inox Wind among stocks that hogged limelight today

D-Street Newsmakers: LIC, IRCTC, Inox Wind among stocks that hogged limelight today

Tue, May 28, 2024

Indian equities in Tuesday's session ended lower amid uncertainty ahead of the poll outcome. Vinod Nair, Head of Research, Geojit Financial Services believes the underlying earnings growth for the March quarter results so far was largely above expectations, which would likely support the valuation, which is currently moderately above the long-term average.

LIC shares gain after state-run life insurer's profit grows 2.5% in Q4

LIC shares gain after state-run life insurer's profit grows 2.5% in Q4

Tue, May 28, 2024

LIC share price today: Life Insurance Corporation of India (LIC) shares on Tuesday, May 28 hogged the limelight, a day after the state-run life insurance major reported its March quarter results.

LIC Q4 Results: Net profit rises 2.5% to Rs 13,763 crore, net premium income grows 16%

LIC Q4 Results: Net profit rises 2.5% to Rs 13,763 crore, net premium income grows 16%

Mon, May 27, 2024

LIC Q4 FY24 Results: PSU life insurer LIC's net premium income, a key measure of revenue for insurance businesses, increased 15.6 per cent on a year-on-year basis to Rs 1,52,293.1 crore for the March quarter.

LIC Dividend 2024: State-run insurer recommends final dividend - Check amount, record date and other details

LIC Dividend 2024: State-run insurer recommends final dividend - Check amount, record date and other details

Mon, May 27, 2024

LIC Dividend 2024: Life Insurance Corporation of India (LIC), the state-run insurance giant, has informed exchanges that its board has recommended a final dividend of Rs 6 per equity share for the financial year ending March 31, 2024.

LIC's April premium hits decade high of Rs 12,384 crore

LIC's April premium hits decade high of Rs 12,384 crore

Fri, May 10, 2024

Quoting Life Insurance Council's latest figures, the insurance behemoth said the total premium collected by LIC in April 2024 was Rs 12,383.64 crore -- 113.14 per cent higher than the Rs 5,810.10 crore premium collected the same month a year ago.

LIC shares climb up to 4% on robust jump in premium last month; SBI Life, HDFC Life gain up to 1%

LIC shares climb up to 4% on robust jump in premium last month; SBI Life, HDFC Life gain up to 1%

Fri, May 10, 2024

As per the data released by the Life Insurance Council, LIC’s premium during the reporting period surged by 113 per cent YoY, while private life insurers logged 16.5 per cent growth.

Indian Stock Market: 6 Most Valued Firms Gain Rs 1.3 Lakh Crore in Market Cap – Check Top Gainers

Indian Stock Market: 6 Most Valued Firms Gain Rs 1.3 Lakh Crore in Market Cap – Check Top Gainers

Mon, Apr 29, 2024

Last week, six of India's top 10 firms witnessed a significant increase in market valuation by Rs 1.3 lakh crore. Led by SBI and ICICI Bank, amidst a positive trend in equities, the BSE benchmark rose by 641.83 points or 0.87% during the week.

JM Financial initiates coverage on LIC stock on strong value; sees 25% upside potential

JM Financial initiates coverage on LIC stock on strong value; sees 25% upside potential

Thu, Apr 18, 2024

Even accounting for consistent 3x company-level growth in non-par products, VNB margins on new business are likely to remain below that of private peers by FY30. Similarly, operating returnson EV will trail the private industry, even if it enhances dividend payouts in the medium term, the brokerage held.

LIC Policy: How to get a loan against your life insurance policy? Know details here

LIC Policy: How to get a loan against your life insurance policy? Know details here

Mon, Apr 15, 2024

To borrow money against your life insurance, you must have a policy with cash value, which is often found in permanent life insurance policies. Term life insurance is ineffective in this situation since it has no monetary value. The reason you need adequate cash value in your life insurance is to utilise it as collateral for a loan.

Four of top 10 valued firms add Rs 1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers

Four of top 10 valued firms add Rs 1.71 lakh crore to mcap; HDFC Bank, LIC lead gainers

Sun, Apr 07, 2024

Six companies from the top 10 pack took a Rs 78,127.48 crore hit to their market valuation with index major Reliance Industries accounting for the majority of the losses.

Are LIC offices open today (March 31)? Here is everything policyholders need to know

Are LIC offices open today (March 31)? Here is everything policyholders need to know

Sun, Mar 31, 2024

Is the LIC office open today? Life Insurance Corporation offices will remain open for normal working hours on March 31, 2024, in a move aimed at ensuring that policymakers don't face any hardships on the last working day of the financial year. LIC offices under the jurisdiction of zones and divisions will be kept open for normal operations as per official working hours on March 31, according to the PSU insurer.

LIC Jeevan Labh: How at Rs 118 premium/day, this policy provides Rs 5 lakh insurance, approx Rs 8.33 lakh return on maturity

LIC Jeevan Labh: How at Rs 118 premium/day, this policy provides Rs 5 lakh insurance, approx Rs 8.33 lakh return on maturity

Thu, Mar 28, 2024

The endowment plan offered by the country’s most trusted life insurer is a limited-premium paying, non-linked, participating, life assurance savings plan.

LIC gets demand notice for short payment of Goods and Services Tax for 2017-18

LIC gets demand notice for short payment of Goods and Services Tax for 2017-18

Tue, Mar 26, 2024

The company has received a communication/demand order for interest and penalty from the Additional Commissioner, Central Goods & Service Tax, Gandhinagar on January 3, 2024, LIC said in a regulatory filing.

LIC' Amritbaal Scheme: Here's is a quick look at the scheme

LIC' Amritbaal Scheme: Here's is a quick look at the scheme

Mon, Mar 18, 2024

The policyholder/life assured shall have the option to receive the maturity benefit in lump sum as specified above and/or in installments (settlement option).

Govt approves 17% wage hike for 1.10 lakh employees of LIC

Govt approves 17% wage hike for 1.10 lakh employees of LIC

Fri, Mar 15, 2024

A one-time ex-gratia payment to LIC pensioners was also made to more than 30,000 pensioners and family pensioners, it said.

LIC presents Rs 2,441 crore dividend cheque to FM Nirmala Sitharaman

LIC presents Rs 2,441 crore dividend cheque to FM Nirmala Sitharaman

Sun, Mar 03, 2024

"Smt @nsitharaman receives a dividend cheque of Rs 2,441.44 crore from Shri Siddhartha Mohanty, Chairman - Life Insurance Corporation of India (@LICIndiaForever)," Finance Minister Nirmala Sitharaman's Office said in a post on X.

D-Street Newsmakers: Coal India, LIC, Dr. Reddy’s among 10 stocks that hogged limelight today

D-Street Newsmakers: Coal India, LIC, Dr. Reddy’s among 10 stocks that hogged limelight today

Mon, Feb 12, 2024

Even as global markets remained mixed, Indian equities tumbled in Monday’s session on the back of sharp losses in banking, realty and metal stocks

LIC settles over 5% lower after strong Q3 results; cautious approach advised

LIC settles over 5% lower after strong Q3 results; cautious approach advised

Mon, Feb 12, 2024

LIC share price: The company transferred Rs 7,692 crore from its non-participating fund to a shareholders' fund for the quarter, it said. LIC had transferred Rs 5,670 crore in the year-ago quarter.

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