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Life Insurance Corporation of India (LIC)

LIC gets RBI nod to increase stake in HDFC Bank to 9.99%; lender's shares in green

LIC gets RBI nod to increase stake in HDFC Bank to 9.99%; lender's shares in green

Mon, Jan 29, 2024

At around 9:23 a.m., shares of HDFC Bank traded 1.40 per cent or Rs 20.10 higher at Rs 1455.4 apiece. Meanwhile, at around the same time, LIC shares flat at Rs 903.3 apiece.

Govt grants one-time exemption to LIC to achieve 25% Minimum Public Shareholding in 10 years

Govt grants one-time exemption to LIC to achieve 25% Minimum Public Shareholding in 10 years

Thu, Dec 21, 2023

In a stock exchange filing, LIC said the Department of Economic Affairs has decided to grant a "one-time exemption to LIC to achieve 25 per cent MPS within 10 years from the date of listing i.E., till May 2032".

LIC Policy Jeevan Utsav: This LIC plan offers guaranteed returns, assured income, life insurance, and other benefits

LIC Policy Jeevan Utsav: This LIC plan offers guaranteed returns, assured income, life insurance, and other benefits

Fri, Dec 15, 2023

LIC's Jeevan Utsav Plan promises assured returns and guaranteed income. The minimum basic sum assured is Rs 5 lakh. The minimum age at the time of commencement of the policy should be 18 and the maximum age at the time of completion of the policy should be 75 years.

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Outlook 2022: IPO fireworks in New Year too; companies likely to garner Rs 1.5 lakh crore through initial share sales

Outlook 2022: IPO fireworks in New Year too; companies likely to garner Rs 1.5 lakh crore through initial share sales

Tue, Dec 28, 2021

Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market.

LIC warns of legal action over misuse of its logo on social media - What caution notice says

Thu, Dec 16, 2021

In its caution notice, LIC has also asked the public not to fall prey to proposals of such entities which are misusing its logo on social media platforms like Twitter, Facebook, Instagram and YouTube and other social media.

LIC rolls out Dhan Rekha plan: Know features, sum assured, maturity and other benefit details here

LIC rolls out Dhan Rekha plan: Know features, sum assured, maturity and other benefit details here

Wed, Dec 15, 2021

The individuals, who are looking for an insurance, must note that the Life Insurance Corporation of India (LIC) has introduced the new Dhan Rekha plan with effect from December 13, 2021.

How LIC policyholders can update their PAN to participate in the country's biggest IPO? See full process here

How LIC policyholders can update their PAN to participate in the country's biggest IPO? See full process here

Thu, Dec 02, 2021

The Life Insurance Corporation (LIC) in the run up to its initial public offering, has asked its policyholders to update their PAN, so that they can participate in the proposed public offer.

LIC gets RBI's approval to increase stake in Kotak Mahindra Bank

LIC gets RBI's approval to increase stake in Kotak Mahindra Bank

Mon, Nov 29, 2021

Private lender Kotak Mahindra Bank Limited on Monday informed exchanges that the Life Insurance Corporation of India (LIC) has been granted permission from the Reserve Bank of India (RBI) to increase stake in the bank up to 9.99 per cent.

How to check LIC policy status online? - Know registration process, benefits, other details here

How to check LIC policy status online? - Know registration process, benefits, other details here

Tue, Nov 16, 2021

For the benefit of its lakhs of policyholders, LIC is offering e-Services so that they can check policy status online, pay premiums using digital payment methods, etc.

LIC holding in NSE-listed companies decline to all-time low of 3.69% in September quarter

LIC holding in NSE-listed companies decline to all-time low of 3.69% in September quarter

Tue, Nov 02, 2021

The Life Insurance Corporation of India's holding in companies listed on the National Stock exchange (NSE) has declined to all time low of 3.69 per cent as on September 30, 2021

LIC policy lapsed? Check process, eligibility to revive lapsed insurance policy online

LIC policy lapsed? Check process, eligibility to revive lapsed insurance policy online

Mon, Oct 11, 2021

The Life Insurance Corporation of India (LIC) has announced a special campaign for the revival of lapsed policies. The campaign was launched on August 23, 2021 and will end on October 22, 2021.

LIC policy-holders can get these benefits if they pay the premium by this process - Check details here

LIC policy-holders can get these benefits if they pay the premium by this process - Check details here

Wed, Oct 06, 2021

The Life Insurance Corporation (LIC) policy-holders must note that there are certain benefits of paying LIC premiums through net banking or phone banking.

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.

In chat with Anil Singhvi, LIC MD Mukesh Gupta says company booked profit of Rs 21,000 cr between April-August, registered 21 % growth in new policies

In chat with Anil Singhvi, LIC MD Mukesh Gupta says company booked profit of Rs 21,000 cr between April-August, registered 21 % growth in new policies

Fri, Sep 24, 2021

As Sensex scripted history on Friday by scaling the 60,000-mark for the first time ever, Zee Business Managing Editor Anil Singhvi on Friday spoke with Life Insurance Corporation (LIC) MD Mukesh Gupta

Link LIC policies with PAN using these simple steps, check full process here

Link LIC policies with PAN using these simple steps, check full process here

Mon, Sep 20, 2021

The PAN card holders must also note that they can link their Life Insurance Policies (LIC) with PAN. In case of any query regarding the linking of LIC policies with PAN, one can login to the official LIC website at licindia.in.

Government seeks Rs 8-10 lakh crore valuation for LIC

Government seeks Rs 8-10 lakh crore valuation for LIC

Thu, Sep 16, 2021

India is seeking a valuation of between Rs 8 trillion ($109 billion) and Rs 10 trillion for the state-backed Life Insurance Corporation in what's slated to be the nation's biggest initial public offering, Bloomberg reported.

LIC AE AAO admit card 2021 RELEASED: Basic Pay Rs 32795! Exam on THIS date; follow 5 easy steps to download

LIC AE AAO admit card 2021 RELEASED: Basic Pay Rs 32795! Exam on THIS date; follow 5 easy steps to download

Fri, Aug 20, 2021

The Life Insurance Corporation of India (LIC) has released the admit cards for the assistant engineers (AE) and assistant administrative officer (AAO) examination. Applicants can download the admit cards by visiting the official website of LIC at licindia.in.

Allotment of 4.5 crore preference shares to LIC: LIC Housing Fin approaches SAT to settle issue with stock exchanges BSE, NSE

Allotment of 4.5 crore preference shares to LIC: LIC Housing Fin approaches SAT to settle issue with stock exchanges BSE, NSE

Tue, Jul 20, 2021

The matter is related to tranfer of 4,54,00,000 equity shares from LIC Housing Finance to LIC and LIC HFL's decision to fix the issue price for the preference shares at Rs 514.25 apiece

LIC Housing Finance asked not release result of voting on preferential issue in EGM; BSE, NSE seek clarity on LIC HFL's preferential allotment to LIC

LIC Housing Finance asked not release result of voting on preferential issue in EGM; BSE, NSE seek clarity on LIC HFL's preferential allotment to LIC

Sat, Jul 17, 2021

This is related to preferential Issue of 4, 54, 00,000 equity shares to Life Insurance Corporation of India (LIC) at the upcoming EGM of the members of LIC Housing Finance Limited (The Company) on July 19, 2021.

LIC IPO: BIG DEVELOPMENT! Major headway for mega initial public offering of insurance behemoth - Check latest update from Modi government

LIC IPO: BIG DEVELOPMENT! Major headway for mega initial public offering of insurance behemoth - Check latest update from Modi government

Mon, Jul 12, 2021

Keeping the government's plan to come up with the mega IPO of insurance major LIC in the ongoing financial year intact, the Cabinet Committee of Economic Affairs (CCEA) has given in-principle approval to the initial public offering (IPO)

Insurance ALERT! Life insurers report 4 pc rise in new year premium in June at Rs 30,009 cr

Insurance ALERT! Life insurers report 4 pc rise in new year premium in June at Rs 30,009 cr

Fri, Jul 09, 2021

The new premium income of life insurance companies rose nearly 4 per cent to Rs 30,009.48 crore in June this year, data from Irdai showed.

LIC IPO-related news: Modi Govt makes big CHANGES! CEO to substitute chairman, Board to Corporation - Details here

LIC IPO-related news: Modi Govt makes big CHANGES! CEO to substitute chairman, Board to Corporation - Details here

Thu, Jul 08, 2021

Ahead of India’s largest insurer going public, the central government has changed Life Insurance Corporation’s position of Chairman to Chief Executive Officer (CEO), which means the one who would head the state-owned insurance company will be called CEO, unlike Chairman as earlier.

LIC Saral Pension LAUNCHED: Check BENEFITS and other details about this Life Insurance Corporation of India's single premium annuity plan

LIC Saral Pension LAUNCHED: Check BENEFITS and other details about this Life Insurance Corporation of India's single premium annuity plan

Fri, Jul 02, 2021

There is some good news for the common people as the Life Insurance Corporation of India (LIC) brings a plan keeping superannuation in mind. The LIC has introduced LIC's Saral Pension, a non-linked, non-participating, single premium, individual adequate annuity plan.

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