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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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D-Street Newsmakers: LIC, sugar stocks, Tata Power among 10 stocks that saw the most action today

D-Street Newsmakers: LIC, sugar stocks, Tata Power among 10 stocks that saw the most action today

Thu, Dec 07, 2023

Shares of the pharma major ended with mild losses as the company temporarily closed its Chennai-based plant.

PSU stock bets after assembly elections lift LIC to new 52-week high

PSU stock bets after assembly elections lift LIC to new 52-week high

Thu, Dec 07, 2023

In trade on December 7, the stock marked a new 52-week high of Rs 788, a gain of 5.63 per cent over the previous close.

D-Street Newsmakers: LIC, Bajaj Auto, Lupin among 10 stocks that hogged the limelight today

D-Street Newsmakers: LIC, Bajaj Auto, Lupin among 10 stocks that hogged the limelight today

Wed, Dec 06, 2023

Shares of the speciality chemicals company gained 12 per cent at Rs 2307.6 amid heavy volume in the counter.

LIC just shy of hitting 52-week high clocked nearly a year ago

LIC just shy of hitting 52-week high clocked nearly a year ago

Wed, Dec 06, 2023

Founded and majority owned by the Government of India, Life Insurance Corporation of India Ltd (LIC) is the country’s leading statutory insurance and investment corporatio

LIC exploring possibility of setting up fintech arm: Chairman

LIC exploring possibility of setting up fintech arm: Chairman

Sun, Nov 26, 2023

Customer acquisition is done through three modes--agent, bancassurance and direct sale.LIC gets most of its new customers through its agents.

LIC to launch 3-4 products for double-digit growth in new biz premium in FY24: Chairman

LIC to launch 3-4 products for double-digit growth in new biz premium in FY24: Chairman

Thu, Nov 23, 2023

Insurance behemoth Life Insurance Corporation (LIC) has lined up 3-4 product launches in the coming months with a view to achieve double-digit growth in new business premium in the current financial year.

Manappuram Finance, REC, LIC, P&G Health among stocks to watch on Monday

Manappuram Finance, REC, LIC, P&G Health among stocks to watch on Monday

Mon, Nov 13, 2023

Nifty ended above 19,500 points,while Sensex climbed to levels of 65,259.

LIC Q2 net profit falls 50% to Rs 7,925 crore

LIC Q2 net profit falls 50% to Rs 7,925 crore

Fri, Nov 10, 2023

State-owned insurer LIC on Friday reported a 50 per cent fall in net profit at Rs 7,925 crore for the quarter ended September 30, on lower income.

D-Street Newsmakers: 10 stocks that buzzed the most in trade on Samvat 2079’s last session

D-Street Newsmakers: 10 stocks that buzzed the most in trade on Samvat 2079’s last session

Fri, Nov 10, 2023

Nifty at the close stood at 19,425, up 30.05 or 0.15 per cent, while the Sensex added 72.5 points or 0.11 per cent to settle at 64,904.6. Meanwhile, the broader markets ended 0.48 per cent higher.

Glenmark Pharma, LIC, Mrs Bectors Food, Muthoot Finance and BEML among top stocks to watch today

Glenmark Pharma, LIC, Mrs Bectors Food, Muthoot Finance and BEML among top stocks to watch today

Fri, Nov 10, 2023

Stocks to watch today: Indian equities ended weak in Thursday's session. The Nifty closed 0.25 per cent or 48.2 points lower at 19,395.3 points.

LIC receives Rs 290 crore GST demand notice; shares fall

LIC receives Rs 290 crore GST demand notice; shares fall

Mon, Sep 25, 2023

Life Insurance Corporation (LIC) shares were under pressure on Monday, after the state-run life insurance behemoth received GST tax notices worth Rs 290 crore.

LIC to appeal against GST tax notice of Rs 290 crore

LIC to appeal against GST tax notice of Rs 290 crore

Mon, Sep 25, 2023

LIC did not reverse the Input Tax Credit (ITC) availed on the premium received by the corporation from policy holders.

How LIC policyholders can submit their digital life certificate

How LIC policyholders can submit their digital life certificate

Sat, Sep 09, 2023

A Life Certificate or Life Existence Certificate is proof submitted to the Pension Distributing Authorities stating that the pensioner is alive to receive his/her pension.

LIC vs Private Life Insurance Policies: Is LIC a better choice in terms of premiums and expenses?

LIC vs Private Life Insurance Policies: Is LIC a better choice in terms of premiums and expenses?

Wed, Sep 06, 2023

The best way to figure out if LIC or a private insurance plan is better for you is to compare the differences in features, benefits and premium amounts. You should choose an insurance policy that best suits your financial needs.

LIC extends gains for fourth straight session, shares jump over 4%

LIC extends gains for fourth straight session, shares jump over 4%

Wed, Sep 06, 2023

In the last six months, the scrip has made investors wealthier by around 11.50 per cent. However, it has yielded a negative return of 3.88 per cent so far this year.

LIC Saral Pension Plan: Eligibility criteria, benefits and how to apply

LIC Saral Pension Plan: Eligibility criteria, benefits and how to apply

Thu, Aug 24, 2023

The LIC Saral Pension Yojana offers a mix of savings and insurance coverage to the policyholders along with a number of benefits.

LIC acquires 6.66% shareholding in Jio Financial Services through demerger action

LIC acquires 6.66% shareholding in Jio Financial Services through demerger action

Tue, Aug 22, 2023

LIC has acquired a 6.660% shareholding in Jio Financial Services Ltd. through a demerger action by Reliance Industries Ltd. LIC said that the cost of the acquisition of shares is 4.68% of the pre-demerged cost of Reliance Industries Limited as per the notice of the company dated July 19, 2023 to the stock exchanges.

Paisa Wasool 2.0: Term Insurance vs Life Insurance - how to make the most of life cover and returns?

Paisa Wasool 2.0: Term Insurance vs Life Insurance - how to make the most of life cover and returns?

Sun, Aug 13, 2023

Both term insurance and life insurance provide financial protection, but they differ significantly in their structure and benefits. One has lower premium, but has no cash value accumulation. And the other is a comprehensive and long-term solution that offers returns, but is significantly more expensive to buy. So, which one should you opt for? We help you decide in this video.

Mr. Siddhartha Mohanty, Chairperson, LIC In Talk With Zee Business

Mr. Siddhartha Mohanty, Chairperson, LIC In Talk With Zee Business

Fri, Aug 11, 2023

Continuous efforts to meet the expectations of investors: Siddharth Mohanty, Chairman, LIC How were LIC's results in Q1? Profit up 13x to ₹9544 crore. Premium income, VNB margin also increased. From where did the results get support? What is the growth outlook going forward? Declaration of ₹3/share dividend

LIC shares rally up to 5% after mixed Q1 results, dividend announcement

LIC shares rally up to 5% after mixed Q1 results, dividend announcement

Fri, Aug 11, 2023

The company’s profit after tax (PAT) soared 13-times to Rs 9,544 crore in the April-June quarter compared to Rs 683 crore in the corresponding period a year ago. The profit growth was aided by transfers from Non-Par funds to shareholders accounts.

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