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Life Insurance Corporation of India (LIC)

6 blue-chip firms lose Rs 1.55 lakh crore mcap in a week; RIL worst hit

6 blue-chip firms lose Rs 1.55 lakh crore mcap in a week; RIL worst hit

Sun, Nov 10, 2024

The combined market valuation of six of the top-10 most-valued firms eroded Rs 1,55,721.12 crore last week, with Reliance Industries emerging as the biggest laggard, in line with an overall weak trend in equities.

LIC gets GST demand notice of Rs 65 crore

LIC gets GST demand notice of Rs 65 crore

Wed, Oct 30, 2024

The insurer has received communication/ demand order for Goods & Service Tax, Interest and penalty for Jharkhand on October 30, LIC said in a regulatory filing.

Has your LIC policy lapsed due to non-payment of premiums? Here's what to do

Has your LIC policy lapsed due to non-payment of premiums? Here's what to do

Fri, Aug 16, 2024

LIC Policy Revival: LIC offers various long-term schemes for its customers. However, if you miss paying your premiums for an extended period, your policy may lapse. If your LIC policy has been discontinued and you want to reactivate it, here’s how you can do it.

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Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

Thu, Mar 14, 2019

India's life insurance industry witnessed a rise of 32.7 per cent in its collective new premium income at Rs 18,209.50 crore during February 2019, data from Irdai showed.

LIC AAO Recruitment 2019: 590 posts up for grabs; know all details here

LIC AAO Recruitment 2019: 590 posts up for grabs; know all details here

Tue, Mar 05, 2019

The candidates will have the online examination – Preliminary (tentative) on 4 and 5 May 2019. For Online main Examination(tentative) is on 28 June 2019.

Want the best term insurance plan? Read these 5 warnings first

Want the best term insurance plan? Read these 5 warnings first

Mon, Mar 04, 2019

A life insurance policy is a financial cover for an emergency that could visit a person any time that could lead to an accident and result in a disability, even death. Human life endangered due to natural, accidental or other causes. This is why it becomes essential to have term insurance.

New LIC New Group Leave Encashment Plan: What is it and who can benefit

New LIC New Group Leave Encashment Plan: What is it and who can benefit

Mon, Mar 04, 2019

LIC New Group Leave Encashment Plan: New Group Leave Encashment Plan by the Life Insurance Corporation of India (LIC) is an insurance plan for companies or business owners who employ a workforce.

How much life insurance do I need? The answer explained here in just 5 brief points

How much life insurance do I need? The answer explained here in just 5 brief points

Fri, Mar 01, 2019

Director, A&M Insurance Brokers, Sumit Wadhwa told Zee Business Online, ''The person should seek the help or advice of an insurance agent or broker to get the best cover plan suitable for his/her needs. The agent will understand the insurance needs and suggest the right type of cover plan''.

Benefits of life insurance: In 5 simple points, this is what it provides to family

Benefits of life insurance: In 5 simple points, this is what it provides to family

Thu, Feb 28, 2019

Benefits of life insurance: Life Insurance is not just a piece of paper, in fact, it is a financial cover for an emergency that could hit a human life anytime. Well, its a fact that human life is subject to risks of death and disability due to natural, accidental causes or other reasons.

LIC acquires additional 2% stake in Indiabulls Housing Finance

LIC acquires additional 2% stake in Indiabulls Housing Finance

Sat, Feb 10, 2018

With this deal, LIC will now hold 9.33% share in Indiabulls Housing Finance

NHAI raises Rs 10,000 crore from EPFO; LIC to invest Rs 8,500 crore

NHAI raises Rs 10,000 crore from EPFO; LIC to invest Rs 8,500 crore

Thu, Nov 24, 2016

"Life Insurance Corporation (LIC) has agreed in principle to subscribe to NHAI taxable bonds to the tune of Rs 25,000 crore subject to not more than Rs 8,500 crore in one financial year. The terms and conditions are under negotiations," Radhakrishnan said.

FinMin ask banks, LIC to keep watch on Tata group developments

FinMin ask banks, LIC to keep watch on Tata group developments

Sun, Nov 06, 2016

In Tata Power LIC owns 13.1% stake, 7.13% in Tata Motors, 8.8% in Indian Hotels and 9.8% in Tata Global Beverages.

LIC Employees Federation urges implementation of SC order

LIC Employees Federation urges implementation of SC order

Sat, Sep 24, 2016

The All India National Life Insurance Employees Federation has urged the management of the Life Insurance Corporation of India (LIC) to immediately implement the Supreme Court order to pay 50 per cent back wages to temporary III and IV grade employees, who were asked to be regularised.

BSE IPO: Singapore Exchange may sell its entire stake

BSE IPO: Singapore Exchange may sell its entire stake

Sun, Sep 11, 2016

The shareholders are likely to sell nearly 27% of the entire in the IPO offer through the Offer For Sale route (OFS). It is likely that the Singapore Exchange may sell its entire 4.7% holding in the domestic exchange in the IPO.

After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC

After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC

Fri, Jul 29, 2016

Rajiv Anand, Executive Director & Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”

Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders

Vedanta sweetens Cairn merger deal; makes 1+4 offer for shareholders

Sat, Jul 23, 2016

In an attempt to salvage the merger of cash-rich oil firm Cairn India with its debt-laden parent Vedanta Ltd, the company on Friday sweetened the deal by offering three additional preference shares in hope of winning over minority shareholders like Life Insurance Corporation of India (LIC).

LIC may buy Rs 30,000 crore of SUUTI's assets

LIC may buy Rs 30,000 crore of SUUTI's assets

Wed, Jul 13, 2016

SUUTI has shares in 43 listed and eight unlisted companies.

Max Financial and HDFC Standard talk merger, stock jumps 14%

Max Financial and HDFC Standard talk merger, stock jumps 14%

Fri, Jun 17, 2016

Due to the merger news, the stock of Max Financial Services was trading nearly 14% on the BSE.

Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Absence of pro-competition policy promotes crony capitalism: Arun Jaitley

Sat, May 21, 2016

Citing an example of Russia, he said, the country went in for a lot of privatisation without emphasis on pro-competition resulting in the creation of oligarchs.

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