Page 11 - Lic

LIC wants to remain IDBI Bank shareholder for bancassurance gain: Chairman

Bancassurance is an arrangement between a bank and an insurance company allowing the latter to sell its products to the bank's customers and others through the branch network

IPO-bound LIC's FY21 profit picture not so pretty compared to size

FY21 profit of Rs 4,579 cr would make it 34th most profitable listed firm

Race for IPO quota: LIC policyholders rush to link PAN with policies

Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28

LIC policyholders can apply for IPO at a discount: Here are answers to FAQs

How to apply for LIC IPO? How much is the discount for eligible policyholders? Are proposers of a policy eligible for reservation? Here are the answers to some FAQs on LIC IPO for policyholders

LIC likely to launch $8-bn IPO on March 11: Report

LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources

LIC's looming mega IPO weighs on other insurers' stocks, say investors

The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts

BSE Ebix, LIC join hands for distribution of insurance products

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Will LIC IPO move the needle on insurer's stewardship role in equities?

The PSU holds equity stake worth over Rs 9.5 trillion in listed firms; how it votes on resolutions will now be more actively tracked

LIC IPO: Govt plans to tap around 180 investors in mega roadshows

As many as nine virtual roadshows being held daily over 20-day period

LIC sees decline in policy issuance due to the Covid-19 pandemic

Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic.

The behemoth: LIC's commission ratio one of the highest among its peers

In number of policies (individual), it commanded 71 per cent market share as of September

LIC's policy issuance was hit adversely due to Covid pandemic

In H1 of FY22, LIC issued about 19 million individual and group policies (in terms of lives covered), down 38 per cent from the same period in FY19 (pre-pandemic).

LIC appears to be ill-equipped to handle new dynamics of insurance market

LIC identifies the problems well in its DRHP but what the markets will watch is how nimble it is with the solutions

LIC disinvestment: Right and wrong

The central government is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC)

Ensuring transparency

LIC's listing will have multiple benefits

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.

LIC IPO: Insurer gets until Jan 2023 to dispose of 'other investments'

LIC is mandated to transfer those investments to shareholders' fund at amortised cost, 90 days after such investments are reclassified as "other investments", which it is yet to be undertaken.

LIC IPO: DHRP filed with SEBI, govt to offload 5% stake

Sebi's approval for LIC IPO is expected to come in three weeks. The DHRP of the LIC IPO does not reveal the size of the IPO, but it is 100 per cent OFS with no fresh issue

LIC IPO: Govt files draft papers to sell 5% for around Rs 63,000 crore

The government on Sunday filed the draft papers with regulator Sebi for LIC IPO, which is expected to hit the capital market in March. The government will sell over 31 crore equity shares of LIC, according to the draft red herring prospectus filed with Sebi. "The DRHP of LIC IPO has been filed today with the SEBI," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on bourses by March. A portion of the IPO would be reserved for anchor investors. Also, up to 10 per cent of the LIC IPO issue size would be reserved for policyholders. Actuarial firm Milliman Advisors LLP India had worked out the embedded value of LIC, while Deloitte and SBI Caps have been appointed as pre-IPO transaction advisors.