Page 23 - Lic

LIC slows down first-year premium of life insurers over dismal performance

Total first-year premiums of private insurers for the period rose by 23.22% to Rs 401.97 bn

LIC's gross NPAs rise to 6.23% in FY18, cover for bad loans improves

It earned Rs 1.55 trillion as interest and Rs 97.68 billion as dividend, returning a yield of 7.71% for the year

LIC pays govt Rs 24 billion as dividend from its Rs 48-billion surplus

LIC would also infuse Rs 150-200 billion into the loss-making IDBI Bank struggling with accumulated bad loans

Troubleshooter: LIC hand in 4 of 6 public sector share sales in 2018

LIC also bought 7 per cent stake in the defence company for Rs28.4 bn

Investor of last resort

LIC's bailout of IL&FS makes little sense

Is LIC bailing out debt-laden IL&FS?

LIC is taking charge of an unlisted infrastructure behemoth with scores of subsidiaries, the full details of which are not easily available

With no relief from Sebi, LIC to make open offer to IDBI Bank shareholders

LIC's name will be tagged to the lender's name as a part of rebranding

LIC plans Rs 130-bn capital injection in IDBI Bank; Irdai may ease 15% rule

The board of Irdai, which is meeting on Friday, may grant exemption to LIC from the rule that bars an insurer from holding more than 15% equity stake in any company

LIC may enter banking space; eyes majority stake in IDBI Bank

While a final decision is yet to emerge on whether LIC would be snapping up over 50 per cent stake in IDBI Bank, official sources said the preliminary contours of such a plan is being worked out

Life Insurance Corp trims stake in Sterlite Technologies by 2% to 3.3%

LIC sold the stake between November 21, 2007 and March 27, 2018

LIC to reduce exposure in Tata Sons

A Tata Sons spokesperson declined to comment but insiders said the group is in talks with other lenders on alternative fundraising

LIC may get Irdai breather on 15% investment cap in public sector banks

Insurance sector regulator is open to allow Life Insurance Corporation of India (LIC) to increase its stake beyond the 15 per cent ceiling in public sector banks (PSBs). The move is to give a boost to the government's recapitalization plan, an initiative to help banks tackle bad loan woes and revive growth.The Insurance Regulatory and Development Authority of India (Irdai) has a 15 per cent equity shareholding in single stocks. Currently, LIC's holding in a dozen PSBs is between 10 per cent and 14 per cent. Irdai's relaxation could allow the insurance behemoth participate in their capital raising programme of state-owned banks, who are looking to raise Rs 58,000 crore in equity capital.Sources said Irdai's relaxation on investment ceiling is likely to come with caveats. "Prior approval might be needed for investments above the 15 per cent ceiling. The insurance regulator could vet such investments so ensure that interests of policy holders are not compromised," said a regulatory ...

LIC insurance for New India Assurance's mega IPO

Life Insurance Corporation of India (LIC) has again acted as a white knight, to ensure success of The New India Assurance Company's Rs 9,600-crore Initial Public Offering (IPO), through which the Centre is eyeing Rs 7,680 crore.New India garnered full subscription on Wednesday for its IPO, the country's fourth largest. It was the issue's first day and got bids for 125 million shares, as against 120 mn on offer. However, the bulk of the bids were from domestic institutional investors (DIIs), mainly LIC. Excluding DII bids, all others were worth a little less than Rs 230 crore, about 2.4 per cent of the issue size."LIC through multiple brokers has placed large bids. The total application size of LIC could be anywhere between Rs 8,500 crore and Rs 9,500 crore. LIC's investment is crucial to ensure that the offering sails through, as overseas investor participation in recent IPOs has been muted," said an investment banker, asking not to be named.A text sent to a senior LIC official to ...

Annuities give low, but guaranteed returns for life

Conservative investors and those in the lower tax bracket should opt for these

LIC reduces stake in Raymond by 2.01%

LIC had 5.53% stake, brought down its shareholding in the apparel major to 3.51%

LIC buys more shares in FMGC major Nestle India, total stake now at 5%

The Nestle India stock closed 0.02% up at Rs 6,618.70 on the BSE

LIC to offload excess stake in firms in 2 years

Insurer needs to dilute stakes worth Rs 9,000 cr in 12 companies to comply with 15% shareholding cap

LIC picks 3% additional stake in BoI for Rs 451 crore

The BoI sold 33,500,000 shares equivalent to over 3.12% equity to LIC

LIC settles 99.92% of death claim cases, sets record high

LIC is keen to push the boundary further, looking to settle 99% claims on a monthly basis in future

Plea against LIC stake in ITC: FinMin, Sebi to be made parties

ITC allegedly derives 80% of its revenue from sale of cigarettes