Page 3 - Life Insurance Corporation Of India Lic

Govt may postpone LIC IPO to next fiscal amid Ukraine crisis: Experts

Government may defer the mega initial public offering (IPO) of LIC to next fiscal year as the ongoing Ukraine war has dampened fund managers' interest in public issue, market experts said on Sunday

What is red herring prospectus?

Markets are awaiting the IPO of Life Insurance Corporation of India. Even before it hits the primary market, LIC filed a draft red herring prospectus (DRHP) with the SEBI. Find out more about this doc

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

LIC IPO: How the embedded value of the insurance behemoth was calculated

Shareholders get more say on how LIC treats its profit and policyholder's interest

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 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 expected to hit market by Q4FY22,' says DIPAM Secretary

The government will invite financial bids for privatising as many as many as six CPSEs, including BPCL, BEML and Shipping Corp, by January, a top government official said on Wednesday. Tuhin Kanta Pandey, Secretary in the Department of Investment and Public Asset Management (DIPAM), also invited private players to bid for the CPSEs, which are up for privatisation, along with transfer of management control. After 19 years, we will see 5-6 privatisation this year. BPCL is in the due diligence stage. BEML, Shipping Corp, Pawan Hans, Central Electronics, NINL financial bids can take place in December-January so that we can close it by this year itself, Pandey said. Speaking at the CII Global Economic Policy Summit 2021, the secretary said the initial public offering of Life Insurance Corporation (LIC) is expected in the January-March quarter of this fiscal. On LIC IPO, we are working very hard. For the capital market, it will be a very big event in the first quarter of 2022, Pandey ...

Fear reinvestment risk? Go for immediate annuities instead, say experts

Only they can secure against the possibility of lower interest rates over long term

LIC offers opportunity for policyholders to revive lapsed policies

Policies, which are in a lapsed condition during the premium paying term and not completed policy term, are eligible to be revived in this campaign

Top headlines: IT firms fight to keep talent, Tata firms shine under chief

Budget wish list: Citizens seek jobs, support for small biz and lower tax. More in today's top headlines

Top headlines: Govt to allow FDI in LIC, auto firms stare at muted Q3

Nifty50 firms' combined net profit seen rising 25% in third quarter. More in today's top headlines

IRFC looking to diversify revenue streams, says CMD Amitabh Banerjee

IRFC is set to expand its wings with its plans of diversification and in line with the govt mandate, it can finance non-railway projects that have got a backward and/or a forward linkage with Railways

Govt refutes speculation over LIC IPO's delay, says it is 'on course'

The government on Sunday refuted media speculation around the IPO of LIC and said that it is unlikely to come up with the IPO of LIC in the current financial year ending March 2022

Global investors hold preliminary discussions on LIC's anchor book: Report

The book managers of LIC are reaching out to as many as 100 global investors, including global fund managers, pension fund managers, and private equity funds

LIC seeks to appoint CFO before its mega IPO planned in 2021/22

The move to hire a CFO follows a decision to re-designate LIC's top job to chief executive officer from chairman earlier this year.

DIPAM shortlists Cyril Amarchand Mangaldas as legal advisor for LIC IPO

The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation on the bourses in the January-March quarter of 2022

LIC HFL extends lowest home loan offer of 6.66% for loans up to Rs 2 cr

Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.

Govt invites bids for second time from law firms for LIC IPO

On July 15, the government had floated request for proposal inviting bids from reputed legal advisors and the last date for bidding was August 6. However, the RFP did not receive sufficient response.

Top headlines: Bumper-to-bumper insurance, ITR filing dates to be extended

Business Standard brings the top headlines of the day

India considers allowing foreign direct investment in LIC: Report

Any strategic investment would be subject to a cap, though it's unclear at what level that would be set, according to a person familiar with the matter