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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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LIC AAO recruitment 2019: 590 fresh jobs, last date March 22 - Here is how to apply

LIC AAO recruitment 2019: 590 fresh jobs, last date March 22 - Here is how to apply

Sun, Mar 10, 2019

LIC AAO recruitment 2019: Life Insurance Corporation of India (LIC) has issued a recruitment notification for the post of Assistant Administrative Officer (AAO - Generalist/ IT/ Chartered Accountant/ Actuarial/ Rajbhasha).

Good news! Repay your home loan with lower EMIs and that too till 75 years of age!

Good news! Repay your home loan with lower EMIs and that too till 75 years of age!

Tue, Mar 05, 2019

In what comes as a major good news for homebuyers in India, LIC Housing Finance (LICHFL) has partnered with India Mortgage Guarantee Corporation (IMGC) to offer a special loan scheme.

LIC recruitment 2019: 590 fresh vacancies, last date March 23 - Here is how to apply

LIC recruitment 2019: 590 fresh vacancies, last date March 23 - Here is how to apply

Sun, Mar 03, 2019

LIC recruitment 2019: Life Insurance Corporation of India (LIC) has invited online applications from eligible candidates for the posts of Assistant Administrative Officer.

You can buy insurance from your favorite insurer LIC via IDBI Bank too now; shares jump 3% on deal

You can buy insurance from your favorite insurer LIC via IDBI Bank too now; shares jump 3% on deal

Thu, Feb 28, 2019

What has happened is that LIC has entered into a service level agreement, where it has decided to sell its insurance through IDBI Bank's branches as well.

Looking to investing in pension schemes? LIC Jeevan Shanti vs National Pension Scheme (NPS) - Find out which is better

Looking to investing in pension schemes? LIC Jeevan Shanti vs National Pension Scheme (NPS) - Find out which is better

Wed, Jan 30, 2019

A host of pension schemes option are available for Indian citizens, each one differentiating from each other.

LIC to launch new ULIP products soon: Sources

LIC to launch new ULIP products soon: Sources

Mon, Jan 21, 2019

State-run insurer Life Insurance Corporation of India (LIC) has planned to come up with new unit-linked insurance plan (ULIP) products.

LIC to launch new ULIP products soon; says sources

LIC to launch new ULIP products soon; says sources

Mon, Jan 21, 2019

State-run insurer Life Insurance Corporation of India (LIC) has planned to come up with new unit-linked insurance plan (ULIP) products.

LIC Jeevan Shanti plan: Invest Rs 10 lakh today, get Rs 17,000/month pension for life after 20 years! Check features

LIC Jeevan Shanti plan: Invest Rs 10 lakh today, get Rs 17,000/month pension for life after 20 years! Check features

Sat, Sep 15, 2018

LIC Jeevan Shanti: The Life Insurance Corporation of India recently launched a new pension plan - Jeevan Shanti.

LIC to buy out IDBI minority shareholders, take control

LIC to buy out IDBI minority shareholders, take control

Wed, Aug 29, 2018

Life Insurance Corp. of India (LIC) will next week decide on taking control of IDBI Bank by acquiring shares from minority shareholders, according to people familiar with the matter.

Cabinet approval for LIC to acquire controlling stake of IDBI Bank

Cabinet approval for LIC to acquire controlling stake of IDBI Bank

Wed, Aug 01, 2018

It has also approved acquisition of controlling stake by Life Insurance Corporation of India (LIC) as promoter in the bank through preferential allotment/open offer of equity, and relinquishment of management control by the government in the bank.

LIC board approves investment plan to buy 51% IDBI Bank stake

LIC board approves investment plan to buy 51% IDBI Bank stake

Mon, Jul 16, 2018

Earlier in June 2018, insurance regulator, Insurance Regulatory and Development Authority of India (IRDAI) approved LIC's proposal to increase its stake in troubled IDBI bank with certain terms and conditions. As per current regulations, an insurance company cannot own more than 15 per cent in any listed financial firm. However, it can own more stakes of a listed firm by seeking permission from IRDAI.

LIC board approves proposal to acquire 51 pct stake in IDBI Bank

LIC board approves proposal to acquire 51 pct stake in IDBI Bank

Mon, Jul 16, 2018

According to the Economic affairs secretary, using this route rather than LIC directly buying the government’s stake in IDBI Bank will ensure that the latter receives the capital. He reportedly said that an open offer may not be required as the public shareholding in IDBI Bank is merely 5 percent, adding “LIC will go through the process and make the open offer if necessary, but it is not very material.”

LIC unions oppose acquisition of IDBI Bank by insurer

LIC unions oppose acquisition of IDBI Bank by insurer

Tue, Jul 10, 2018

LIC employee unions have said that they are against the proposal for the insurer to acquire 51 per cent stake in IDBI Bank as it would hurt the interest of policyholders and their premium money.

IDBI Bank deal: Should LIC policyholders worry?

IDBI Bank deal: Should LIC policyholders worry?

Tue, Jul 10, 2018

While LIC is the white knight when it comes to rescuing government's plans, so far there is little data to suggest that LIC's investment decisions have back-fired. LIC has a stake in no less than 29 banks. In the past, it has bought stakes in Initial Public Offerings (IPO), follow-on public offers, and share-sales of many PSU firms. LIC had invested a good chunk of money in NTPC stake sale, the SBI Rs 15,000-crore Qualified Institutional Placement in 2014, and state-owned entity IPOs like that of Hindustan Aeronautics Ltd, General Insurance Corporation of India and New India Assurance.

IDBI-LIC stake deal:FinMin official says boards to take a call

IDBI-LIC stake deal:FinMin official says boards to take a call

Mon, Jun 25, 2018

The government today sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank, saying the boards of the respective entities will take a call on the matter.

Rs 1,374 crore vanished in 3 days! LIC takes biggest hit in PNB’s free fall

Rs 1,374 crore vanished in 3 days! LIC takes biggest hit in PNB’s free fall

Fri, Feb 16, 2018

A steep 40 per cent drop in the Punjab National Bank's stock in the last three days weighed heavy on its largest shareholder, Life Insurance Corporation of India (LIC). LIC suffered a notional loss of as much as Rs 1,374 crore in the last three sessions since February 14.

Budget likely to back private funds, asset monetisation in Railways

Budget likely to back private funds, asset monetisation in Railways

Tue, Jan 23, 2018

Key Highlights:

Sebi may put 10% cross-shareholding cap in mutual funds

Sebi may put 10% cross-shareholding cap in mutual funds

Wed, Dec 27, 2017

State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Life Insurance Corporation (LIC) are having their own mutual funds and at the same time they hold 18.24 per cent stake each in UTI AMC.

LIC's total assets cross Rs 27 lakh crore in 1HFY18

LIC's total assets cross Rs 27 lakh crore in 1HFY18

Tue, Dec 05, 2017

"The company will meet or exceed its FY18 target for premium and profit from equities," said VK Sharma, Chairman of LIC of India.

Jio's success helps Reliance overtake Airtel, grabs second spot in 2017 brand value list

Thu, Nov 02, 2017

Reliance Industries saw its brand value grow by 9% during the year to stand at Rs 38,212 crore in 2017.

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