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
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
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
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
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
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
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
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
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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