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Tag "Life Insurance Corporation"

LIC IPO issue subscribed 2.89 times on final day

LIC IPO issue subscribed 2.89 times on final day

🕔10:00, 10.May 2022

The initial public offering of Life Insurance Corporation of India has received robust response from investors with the insurance major’s offer having been subscribed 2.89 times. New Delhi, May 10 (IANS) The initial public offering of Life Insurance Corporation of India

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LIC IPO Day 3: QIB sees halfway mark, NII subscribed 76%, overall issue 1.38 times

LIC IPO Day 3: QIB sees halfway mark, NII subscribed 76%, overall issue 1.38 times

🕔06:05, 7.May 2022

Life Insurance Corporation of India’s initial public offering saw full subscription of its retail segment in the early hours of the third day of bidding on Friday. New Delhi, May 7 (IANS) Life Insurance Corporation of India’s initial public offering saw

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Domestic mutual funds invest Rs 4,002 cr in LIC IPO under anchor quota

Domestic mutual funds invest Rs 4,002 cr in LIC IPO under anchor quota

🕔10:39, 4.May 2022

Domestic mutual funds invested Rs 4,002 crore, accounting for a little over 71 per cent of the total anchor book portion of the much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC). New Delhi, May 4 (IANS) Domestic mutual funds

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LIC’s solvency margin at Rs 202,347.53 crore

LIC’s solvency margin at Rs 202,347.53 crore

🕔07:31, 16.Feb 2022

Chennai, Feb 16 (IANS) Life insurance giant Life Insurance Corporation of India (LIC) has a comfortable solvency ratio of 1.83 as against the regulatory requirement of 1.50. According to the Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange

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LIC yet to comply with certain IRDAI investment norms of pension, group, life annuity funds

LIC yet to comply with certain IRDAI investment norms of pension, group, life annuity funds

🕔12:40, 14.Feb 2022

Chennai, Feb 14 (IANS) The Life Insurance Corporation of India (LIC) said that it is not in compliance with the sectoral regulator’s stipulation regarding certain investments in its pension, group and life annuity funds. Further the loss to be transferred to

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LIC provided Rs 7,419 crore as mortality reserve for Covid-19

LIC provided Rs 7,419 crore as mortality reserve for Covid-19

🕔12:25, 14.Feb 2022

Chennai, Feb 14 (IANS) Life Insurance Corporation of India (LIC) has provided Rs 7,419.56 crore as a separate mortality reserve for April -September 30, 2021 for Covid-19 pandemic. The LIC in its Draft Red Herring Prospectus (DRHP) has said for fiscal

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LIC IPO slated for March

LIC IPO slated for March

🕔07:26, 28.Jan 2022

New Delhi, Jan 28 (IANS) India’s bulge bracket IPO is here. On Thursday, a top government official indicated that the Life Insurance Corporation (LIC) could launch its big-ticket initial public offering (IPO) in early March this year, adding that the government

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Govt seeks Rs 8-10 lakh crore valuation for LIC

Govt seeks Rs 8-10 lakh crore valuation for LIC

🕔14:38, 16.Sep 2021

New Delhi, Sep 16  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. The

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LIC relaxes claim settlement requirements from Monday

LIC relaxes claim settlement requirements from Monday

🕔20:46, 10.May 2021

New Delhi, May 10  Keeping in view the safety of its customers, the Life Insurance Corporation (LIC) has decided to offer relaxations in various claim settlement requirements to make the process easier and hassle-free. The relaxations will kick in from

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LIC earns Rs 1.84 trillion new premium in FY21

LIC earns Rs 1.84 trillion new premium in FY21

🕔10:36, 21.Apr 2021

Chennai, April 21  One of Asia’s life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said. The insurer also paid Rs.1.34 trillion

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Proposed new tax rates may impact LIC valuations : Experts

Proposed new tax rates may impact LIC valuations : Experts

🕔20:03, 1.Feb 2020

Chennai, Feb 1 Union Finance Minister Nirmala Sitharaman, announcing the disinvestment of Life Insurance Corporation of India (LIC), has scored a self goal against that proposal with her new tax slabs that would impact sales of insurance policies and valuation

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LIC may propose 3-5 year time for IDBI Bank stake cut

LIC may propose 3-5 year time for IDBI Bank stake cut

🕔07:09, 18.Mar 2019

New Delhi, March 18  The country’s largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai’s norm of 15

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LIC makes open offer to acquire 26% stake in IDBI Bank

LIC makes open offer to acquire 26% stake in IDBI Bank

🕔11:47, 19.Dec 2018

Mumbai, Dec 19  The Life Insurance Corporation (LIC) has made an open offer to acquire 26 per cent stake in the public sector lender IDBI Bank for Rs 61.73 a share. Currently, the Securities and Exchange Board of India (SEBI) norms

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LIC Mutual Fund launches a new branch in Patna, Bihar

LIC Mutual Fund launches a new branch in Patna, Bihar

🕔14:16, 10.Oct 2018

Patna – October 10, 2018: LIC Mutual Fund, India’s one of the leading fund house with assets under management of ₹ 20,171 Crore (Avg as on 31st March 2018) and wide product suite across asset classes, launches its new branch

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IDBI Bank to seek government nod for LIC’s stake purchase

IDBI Bank to seek government nod for LIC’s stake purchase

🕔10:32, 18.Jul 2018

Mumbai, July 18  State-run IDBI Bank on Tuesday said it will seek rgw central government’s nod on the Life Insurance Corp’s (LIC) proposal to acquire 51 per cent stake in the debt-ridden lender. According to a BSE filing, the lender received

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LIC proposes to pump in Rs.143 crore in Corporation Bank

LIC proposes to pump in Rs.143 crore in Corporation Bank

🕔09:43, 15.Sep 2015

Kolkata, Sep 15  Following the government’s decision to infuse capital into Corporation Bank to the tune of Rs.857 crore, the state-owned bank on Monday said it has received a letter from LIC expressing interest to infuse Rs.143 crore into it

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The Minister for Railways, Suresh Prabhakar Prabhu and the Minister for Finance, Corporate Affairs and I&B, Arun Jaitley

The Minister for Railways, Suresh Prabhakar Prabhu and the Minister for Finance, Corporate Affairs and I&B, Arun Jaitley

🕔11:23, 11.Mar 2015 Read Full Article
The Chairman, LIC of India, S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley

The Chairman, LIC of India, S.K. Roy presenting the dividend cheque of Rs.1634, 89, 57, 602.00 to the Minister for Finance, Corporate Affairs and Information & Broadcasting, Arun Jaitley

🕔13:48, 16.Dec 2014 Read Full Article