Back to homepage

Tag "Life Insurance Corporation of India"

Accounting policy change boosts LIC, net up by Rs 14,271 cr to Rs 15,952 cr

Accounting policy change boosts LIC, net up by Rs 14,271 cr to Rs 15,952 cr

🕔14:29, 12.Nov 2022

Indian life insurance market leader Life Insurance Corporation of India (LIC) closed Q2FY23 ending September 30 with a net profit of Rs 15,952.49 crore. Chennai, Nov 11 (IANS) Indian life insurance market leader Life Insurance Corporation of India (LIC) closed Q2FY23

Read Full Article
LIC posts Rs 682 cr PAT, ranks 98 in Fortune 500 list

LIC posts Rs 682 cr PAT, ranks 98 in Fortune 500 list

🕔21:56, 12.Aug 2022

The Life Insurance Corporation of India (LIC) on Friday said that it closed the first quarter of FY23 with a net profit of Rs 682.88 crore. Chennai, Aug 12 The Life Insurance Corporation of India (LIC) on Friday said that

Read Full Article
LIC’s first year premium grew by 7.92 per cent in FY22

LIC’s first year premium grew by 7.92 per cent in FY22

🕔18:40, 19.Apr 2022

Chennai, April 19 (IANS) Government owned and IPO bound Life Insurance Corporation of India (LIC) closed last fiscal with a total first year premium of Rs.198,759.85 crore. According to LIC, last year earned a first year premium – premium from sale

Read Full Article
LIC files DRHP; intends to list 5% equity via IPO

LIC files DRHP; intends to list 5% equity via IPO

🕔07:32, 14.Feb 2022

New Delhi, Feb 14 (IANS) Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI. The insurer is looking to sell the Centre’s five per cent equity stake in the company via

Read Full Article
LIC’s paid up capital stands at Rs 6,324 cr

LIC’s paid up capital stands at Rs 6,324 cr

🕔16:31, 8.Feb 2022

Chennai, Feb 8 (IANS) The paid up capital of the Life Insurance Corporation of India (LIC) stands at Rs 6,324.99 crore as on December 31, 2021, said Bhagwat Karad, Minister of State for Finance. In a written reply to a question

Read Full Article
IPO-bound LIC’s Chairperson, MD’s tenure extended by one year

IPO-bound LIC’s Chairperson, MD’s tenure extended by one year

🕔07:29, 31.Jan 2022

New Delhi, Jan 31 (IANS) The Centre has extended the tenure of Life Insurance Corporation of India’s Chairperson M.R. Kumar and Managing Director Raj Kumar by one year, officials said. With this extension, both the top officials of the insurer will

Read Full Article
LIC new business down 20% in December 2021

LIC new business down 20% in December 2021

🕔07:18, 8.Jan 2022

Chennai, Jan 8 (IANS) One of Asia’s life insurance giants, the Life Insurance Corporation of India (LIC), closed December 2021 with about 20 per cent decline in new premium as compared to the premium earned during the corresponding period of 2020.

Read Full Article
LIC IPO on course, to be out within FY22: DIPAM

LIC IPO on course, to be out within FY22: DIPAM

🕔20:02, 20.Dec 2021

New Delhi, Dec 20 (IANS) The mega IPO of Life Insurance Corporation of India (LIC) will be out by the end of the current fiscal, a senior Central government official said on Monday. According to Tuhin Kanta Pandey, Secretary, Department of

Read Full Article
Altering surplus sharing ratio would make LIC a new company

Altering surplus sharing ratio would make LIC a new company

🕔16:07, 2.Aug 2021

Chennai, Aug 2  The 64-year-old Life Insurance Corporation of India (LIC) can become a new company for a new set of policyholders if its surplus sharing ratio is changed, said industry experts. They also said the change in with-profit policy

Read Full Article
LIC Housing Finance to raise Rs 2,334 cr

LIC Housing Finance to raise Rs 2,334 cr

🕔14:16, 25.Jun 2021

Mumbai, June 25  LIC Housing Finance plans to raise about Rs 2,334.69 crore through preferential issue of equity shares to Life Insurance Corporation of India (LIC). In a regulatory filing, the housing finance company said that it will issue 4.54

Read Full Article
LIC Chairman Kumar’s term extended

LIC Chairman Kumar’s term extended

🕔16:54, 9.Jun 2021

Chennai, June 9  The Central Government on Wednesday extended Life Insurance Corporation of India (LIC) Chairman M.R. Kumar’s term till March 13, 2022. He was set to retire on June 30, 2021. According to the order, Kumar’s term is extended

Read Full Article
LIC relaxes claim settlement requirements amid Covid crisis

LIC relaxes claim settlement requirements amid Covid crisis

🕔06:59, 8.May 2021

Mumbai, May 8  Life Insurance Corporation of India (LIC) has given several relaxations in various claim settlement requirements to make the processes easier and hassle-free, keeping in view the safety of its customers amid the pandemic. The state-run insurer said

Read Full Article
LIC employees to get over 25% wage hike

LIC employees to get over 25% wage hike

🕔10:15, 16.Apr 2021

Chennai, April 16  The new fiscal year 2020-21 has started for about 1.14 lakh employees of Life Insurance Corporation of India (LIC) on a happy note with over 25 per cent hike in their pay packets, said a top union

Read Full Article
LIC allows policyholders to deposit maturity claims at any office

LIC allows policyholders to deposit maturity claims at any office

🕔23:30, 18.Mar 2021

New Delhi, March 18 (IANS) To mitigate the hardships faced due to corona pandemic, insurance major LIC has allowed its policyholders to deposit their maturity claim documents at their nearest LIC office anywhere in the country. “LIC has allowed its 113

Read Full Article
Centre proposes to raise LIC’s authorised capital to Rs 25K cr

Centre proposes to raise LIC’s authorised capital to Rs 25K cr

🕔07:15, 8.Mar 2021

New Delhi, March 8  With a view of listing the state-run insurance major Life Insurance Corporation of India (LIC), the government has proposed to raise the authorised capital of LIC to Rs 25,000 crore. As per the amendments proposed under

Read Full Article
LIC’s estimated market cap more than Rs 4 lakh crore

LIC’s estimated market cap more than Rs 4 lakh crore

🕔11:58, 19.Aug 2020

New Delhi, Aug 19  The Life Insurance Corporation of India, which the government has identified for an IPO, can have a market cap of Rs 3.8 lakh crore to Rs 4.5 lakh crore (Rs 3.8-4.5 trillion), a report said. According

Read Full Article
LIC IPO will benefit retail investors, says Sitharaman

LIC IPO will benefit retail investors, says Sitharaman

🕔18:47, 7.Feb 2020

Mumbai, Feb 7 Finance Minister Nirmala Sitharaman on Friday said the IPO of the state insurer LIC will bring retail investors into the picture and also assured that the government will come up with steps to simplify the tax regimes.

Read Full Article
LIC pays Rs 2,610.7 cr as FY19 dividend to government

LIC pays Rs 2,610.7 cr as FY19 dividend to government

🕔06:58, 28.Dec 2019

New Delhi, Dec 28  The Life Insurance Corporation of India (LIC) on Friday paid a dividend of Rs 2,610.74 crore for the financial year 2018-19 to the government In a tweet, the Finance Ministry said: “Union Finance Minister @nsitharaman receives

Read Full Article
SC agrees to hear case against LIC on July 15

SC agrees to hear case against LIC on July 15

🕔08:48, 5.Jul 2019

New Delhi, July 5  A non-profit organization engaged in financial literacy advocacy has moved the Supreme Court alleging mass cheating, especially of senior citizens, by Life Insurance Corporation of India (LIC) through Jeevan Saral policy, wherein approximately 5 crore policy

Read Full Article
LIC completes 51% acquisition in IDBI Bank

LIC completes 51% acquisition in IDBI Bank

🕔10:00, 22.Jan 2019

Mumbai, Jan 22  State-run Life Insurance Corporation of India (LIC) on Monday completed its acquisition of 51 per cent stake in the financially-stressed IDBI Bank, according to a regulatory filing by the bank. In its meeting during the day, the

Read Full Article