Life Insurance Corporation of India News
LIC appoints Tablesh Pandey as managing director, effective April 1
Life Insurance Corporation (LIC) on Tuesday said it has elevated Tablesh Pandey, executive director of the company, as its managing director. His appointment is effective from April 1, 2023, according to a regulatory filing. Pandey will replace present managing director B C Patnaik, it said. LIC presently has four managing directors. Pursuant to a government notification, "Tablesh Pandey, Executive Director, LIC of India, has been appointed as Managing Director, LIC vice B C Patnaik with effect from the date of assumption of charge of the office on or after 1st April, 2023...," the company said.
 "LIC appoints Tablesh Pandey as managing director, effective April 1")
Life insurers' new biz premium down 17% in Feb, LIC collections shrink 32%
February is generally one of the busiest periods for life insurance companies
In a month, LIC stock down 15%, out of top 10 in market capitalisation
The state-owned insurer's market value is now down Rs 2.4 trillion, or 40 per cent, compared to initial public offering levels
 "In a month, LIC stock down 15%, out of top 10 in market capitalisation")
LIC extends losing streak to 7th straight session, hits record low
LIC made stock market debut on May 17, 2022, and is trading 40 per cent below its issue price of Rs 949 per share
LIC asks customers to link their PAN cards with policies by FY23 end
Has provided a link on its website through which policyholders can get this exercise done
 "LIC asks customers to link their PAN cards with policies by FY23 end")
New tax norm to hurt insurers; stocks attractive for the long run: Analysts
Analysts expect stocks to remain under pressure in the near-term as the government's new tax regime push, with no tax saving deductions, could hurt demand for insurance products
 "New tax norm to hurt insurers; stocks attractive for the long run: Analysts")
5 PSU insurers have Rs 347-crore exposure to Adani firms: FinMin
Earlier this month, Finance Secretary TV Somanathan had termed the Adani issue a 'storm in a teacup'
 "5 PSU insurers have Rs 347-crore exposure to Adani firms: FinMin")
High ULIP sales, annuity products' repricing squeezed LIC margins
Analysts expect modest RoEV given lower margin profile than private peers
 "High ULIP sales, annuity products' repricing squeezed LIC margins")
LIC Q3 results: Net profit surges multi-fold to Rs 6,334.19 crore
LIC earned a total premium of Rs 37,545 crore on an APE (annualised premium equivalent) basis for the nine months ended December 31
LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends
Technically, prior to this announcement, the price structure of SBI Life Insurance Company and Max Financial Services were highlighting a bullish sentiment and were on the verge of the next up move
 "LIC, HDFC Life, SBI Life: Budget 2023 proposals dismantle bullish trends")
Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
 "Stocks to Watch: Adani Ent, Adani Green, HDFC, Maruti Suzuki, Insurance")
Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC
Stocks to Watch today: Stock exchanges BSE and NSE on Monday revised the circuit limits for three Adani group companies - Adani Total Gas, Adani Transmission, and Adani Green Energy - from 20% to 10%
 "Stocks to Watch: Adani Group, LIC, L&T, Tech M, Inox, Leisure, GAIL, IOC")
LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO
Will engage with Adani management for clarifications Hindenburg charges
M Jagannath and Tablesh Pandey recommended for post of MDs at LIC
They are likely to succeed two of the four MDs who are are retiring soon
Reasonable growth, attractive valuations for life insurers' stocks
Analysts positive on most of the stocks, especially SBI Life, HDFC Life and LIC
 "Reasonable growth, attractive valuations for life insurers' stocks")
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
 "Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR")
Life insurers' new biz premium growth eases to 10% as LIC loses pace
LIC witnessed a moderation in premia because of a decline in group single premia. LIC is the largest player in the group single premium market
Life insurance stocks in focus; LIC, HDFC, SBI, ICICI Pru gain up to 5%
Kotak Institutional Equities has initiated coverage on Life Insurance Corporation of India (LIC) with a 'buy' rating and a fair value of Rs 1,000
LIC may look at entering health, non-life insurance businesses: Source
Says insurance giant is well-placed to make most of a composite license; in fact it was a composite insurer till early 1970s, when Oriental Insurance was carved out
 "LIC may look at entering health, non-life insurance businesses: Source")
71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?
Adani Wilmar, Venus Pipes & Tubes, Hariom Pipe Industries and Veranda Learning Solutions are the top multi-bagger debutants that delivered 109-135 per cent returns in 2022
 "71% IPOs of 2022 at premium; will retail investor euphoria sustain in 2023?")
