Page 6 - Life Insurance Corporation Of India Lic

LIC agents earn Rs 14,220 cr in Apr-Dec 2019, twice as much as MF sellers

Commissions paid by LIC on first-year premiums grew at a sharp pace of 46% YoY in December quarter

Best of BS Opinion: Successful CEO transitions, goals for defence, and more

From the fundamental reasons for our defence inadequacy to how coronavirus could affect industrial output in the near term, here's a selection of Business Standard Opinion pieces for the day

LIC IPO can take time, process may extend beyond FY21, says Macquarie

The investment banking and financial services firm in a note cast doubt on chances of LIC hitting the IPO market in next financial year (FY21) following its interactions with actuaries and valuers

Looking to unlock value in IDBI Bank ahead of IPO, says LIC Chairman

Presenting the Budget, Finance Minister Nirmala Sithraman had said the government would sell a part of its 100 percent holding in LIC through an IPO in the next fiscal year

LIC's new business premium crosses Rs 1.5 trn mark, income soars 18%

The Corporation's total income grew by 17.79 per cent to Rs 2,97,017.28 crore as of September 2019 from Rs 2,52,149.60 crore a year ago, chairman MR Kumar said

LIC listing may take about a year, says Finance Secretary Rajiv Kumar

Kumar said the idea behind the listing of LIC was to "bring in more transparency and allow the company to share gains with its stakeholders"

Budget 2020: Road to bourses for LIC is not going to be an easy one

Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation

Disinvestment dynamics

Listing LIC will be a big challenge for the govt

FM Nirmala Sitharaman's second Budget a missed opportunity

The government has wasted the chance to firmly establish its reform credentials

Budget 2020: How will Sitharaman pull off Rs 2.1-trn disinvestment miracle?

The government has promised to raise Rs 120,000 crore via disinvestment, and an additional Rs 90,000 crore from sale of government equity in public-sector banks and financial institutions, in 2020-21

LIC IPO, IDBI stake sale to lead govt's Rs 2.1-trn sell-off drive in FY21

Next year's target is the highest ever

Need cost-effective products for lower-middle class: LIC chairman

LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade

Sebi gives LIC, SBI, BoB until Dec 2020 to bring UTI AMC stake below 10%

LIC, SBI and BoB are also sponsors of UTI AMC and hold more than 10 per cent stake individually in the AMC and trustee company of UTIMF

Govt to take 6 months to divide J&K Bank assets, liabilities and ownership

With the new development, the Centre will automatically get the 60% share that the state of Jammu and Kashmir holds, but via the Union Territories

Mukesh Kumar Gupta, Raj Kumar appointed as LIC managing directors

The two were promoted by the government through an order dated Friday

LIC Assistant Admit Card 2019 released on licindia.in: Link to download

The LIC assistant prelim exam admit card or the LIC assistant exam hall ticket can be downloaded till October 31

HDFC Bank is the most valued brand in India, LIC takes second spot: Survey

The top rung is unchanged but overall brand value growth slows to 6% in 2019 from 34% in the previous year: BrandZ

IDBI Bank puts Rs 9,750-crore non-performing loans on the block

The top 10 exposure up for sale include Lanco Amarkantak (Rs 1,077 crore), Reliance Communications (Rs 721 crore), Ballarpur Industries (Rs 493 crore), Jyoti Structures (Rs 396 crore), and Unitech

LIC's investment in the private sector lowest in 16 years at 14.6%

Meanwhile, the public sector's share of total investments is at its third highest since liberalisation

Sebi partially freezes LIC's voting rights in National Stock Exchange

State-owned life insurance giant deemed trading member; may have to divest holding to below 5 per cent