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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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Explained: How to revive lapsed LIC policy - Campaign launched! Know dates, concession in late fee and more

Explained: How to revive lapsed LIC policy - Campaign launched! Know dates, concession in late fee and more

Fri, Feb 11, 2022

The insurance behemoth has issued a detailed press release in this regard. Here are top things a LIC policyholders must know in order to revive the lapse LIC policy:-

Did IPO-bound LIC pay any dividend to govt in FY21? What MoS Finance confirmed in Rajya Sabha

Did IPO-bound LIC pay any dividend to govt in FY21? What MoS Finance confirmed in Rajya Sabha

Tue, Feb 08, 2022

LIC IPO: The central government is expected to file draft papers for the mega IPO of LIC with market regulator Sebi this month.

Budget 2022: LIC IPO to be launched soon, says FM Nirmala Sitharaman in her budget speech

Budget 2022: LIC IPO to be launched soon, says FM Nirmala Sitharaman in her budget speech

Tue, Feb 01, 2022

Finnace Minister Nirmala Sitharaman today said that the Initial Pubic Offering of Life Inusrance Corporation of India (LIC) will likley be soon the Finance Minsiter Nirmala Sithraman today said while announcing the Uion Budget 2022.

LIC IPO Latest News: New developments confirmed by DIPAM - Draft papers for Sebi approval, listing date and more

LIC IPO Latest News: New developments confirmed by DIPAM - Draft papers for Sebi approval, listing date and more

Thu, Jan 27, 2022

LIC IPO is crucial for meeting the disinvestment target set for the current fiscal ending March 2022.

LIC IPO Latest News: FM Nirmala Sitharaman reviews progress - Crucial for Rs 1.75-lakh crore disinvestment target

LIC IPO Latest News: FM Nirmala Sitharaman reviews progress - Crucial for Rs 1.75-lakh crore disinvestment target

Fri, Jan 07, 2022

Finance Minister Nirmala Sitharaman has taken a review meeting on the IPO of state-run insurer LIC. The meeting was attended by DIPAM Secretary Tuhin Kant Pandey along with senior officials of Ministry of Finance and the LIC

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Whopping $463 billion! Ahead of LIC IPO, assets of insurance behemoth exceed the GDP of several economies

Tue, Jan 04, 2022

LIC is the largest asset manager in India with Rs 36.7 trillion AUM. LIC's AUM on a standalone basis was equal to 18 per cent of India's GDP for FY21.

LIC inaugurates Digi Zone to sell policies online

LIC inaugurates Digi Zone to sell policies online

Wed, Dec 29, 2021

"With an intention to become a tech-driven life insurer, LIC will offer information regarding its products and services through kiosks installed in the premises,? the insurer said in a statement on Wednesday

New business premium of life insurers to grow 14% to Rs 3.18 lakh cr in FY2022: Study

New business premium of life insurers to grow 14% to Rs 3.18 lakh cr in FY2022: Study

Mon, Nov 29, 2021

The total new business premium of domestic life insurance companies is likely to grow 14 per cent to Rs 3.18 lakh crore in the current financial year, domestic rating agency Icra said in a report Monday.

This Children's Day gift your child these LIC plans- Details here

This Children's Day gift your child these LIC plans- Details here

Sat, Nov 13, 2021

LIC’s New Children’s Money Back Plan is non-linked, with profits, regular premium payment money back plan specially designed to meet various financial needs of children through Survival Benefits

LIC tops in individual insurance, private sector in group insurance

LIC tops in individual insurance, private sector in group insurance

Tue, Nov 09, 2021

On the other hand, the private insurers have insured about 1.81 crore individuals under their group insurance schemes.

LIC's Jeevan Shiromani Plan: Get minimum basic sum assured of Rs 1 crore; check benefits and other details

LIC's Jeevan Shiromani Plan: Get minimum basic sum assured of Rs 1 crore; check benefits and other details

Wed, Oct 13, 2021

As per the information provided by LIC, Jeevan Shiromani is a limited premium payment money back life insurance plan with minimum basic sum assured of Rs 1 crore especially designed for targeted segment of high net-worth individuals.

LIC IPO: Government may not need to amend any law for permitting foreign participation

LIC IPO: Government may not need to amend any law for permitting foreign participation

Wed, Oct 06, 2021

Foreign participation would be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines

LIC IPO: Sebi seeks reply from banks for 'opening' demat accounts on pretext of state-run insurer's upcoming issue; these banks under scrutiny

LIC IPO: Sebi seeks reply from banks for 'opening' demat accounts on pretext of state-run insurer's upcoming issue; these banks under scrutiny

Tue, Oct 05, 2021

On stepping into the bank branches, one would find that the marketing is being done based on the LIC IPO. The offers, he said, include full waiver of charges on opening the demat accounts for one year; no charges on opening of the account and so on and so forth

LIC to file draft IPO papers with Sebi next month

LIC to file draft IPO papers with Sebi next month

Sun, Oct 03, 2021

The government last month appointed 10 merchant bankers, including Goldman Sachs (India) Securities Pvt Ltd, Citigroup Global Markets India Pvt Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd to manage the mega initial public offering of country's largest insurer LIC

B C Patnaik takes charge as MD of LIC

B C Patnaik takes charge as MD of LIC

Fri, Oct 01, 2021

LIC has said that B C Patnaik has taken charge as the managing director (MD) of the company.

Ahead of IPO, LIC invites application for post of CFO

Ahead of IPO, LIC invites application for post of CFO

Thu, Sep 30, 2021

Life Insurance Corporation of India (LIC) in a public notice said that the post of CFO would be contractual in nature and the CFO would get remuneration of about Rs 75 lakh per annum.

Watch LIC MD Mukesh Gupta's interview with Zee Business' Anil Singhvi

Watch LIC MD Mukesh Gupta's interview with Zee Business' Anil Singhvi

Sat, Sep 25, 2021

What is LIC's investment strategy and how much would you earn this year by investing in shares, know from this video.

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

IDBI Bank strategic sale: Most merchant bankers indicate 52 weeks' time

Sun, Sep 19, 2021

DIPAM on behalf of Government of India had floated a tender in June inviting bids from transaction advisors from reputed professional consulting firms or investment bankers or merchant bankers or financial institutions for facilitating and assisting strategic disinvestment of IDBI Bank. The last date for submission of bids was July 13

LIC IPO Latest News Update: FULL LIST of Merchant Bankers appointed by the government

LIC IPO Latest News Update: FULL LIST of Merchant Bankers appointed by the government

Fri, Sep 10, 2021

The listing of LIC will be crucial for the government in meeting its disinvestment target of Rs 1.75 lakh crore for 2021-22 (April-March).

LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC

LIC Housing Fin raises over Rs 2,335 cr by issuing preference shares to LIC

Thu, Sep 09, 2021

The company has allotted 4,54,00,000 equity shares on a preferential basis to Life Insurance Corporation of India (LIC), the housing finance firm said in a regulatory filing

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