Page 16 - Life Insurance Corporation

LIC paid Rs 1.34 trn as claims to policyholders in FY21, marking growth

State-owned insurer said it procured 2.1 crore policies in FY21, out of which 46.72 lakh were in March

Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21

One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said

LIC employees' wage hike proposal yet to get government approval

"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC

Finance Bill gives relief on digital tax, provident fund threshold

Tax breaks for DFIs; way for LIC listing cleared

Deposit maturity claim documents at nearest office anywhere, says LIC

But it will be valid till the end of the month

Govt proposes to hike in LIC's authorised capital to Rs 25,000 cr

The government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC)

How insurance sector will gain from FM Sitharaman's Budget booster

What do the Budget proposals, as well as the proposed LIC IPO and privatisation of one general insurance company mean for the sector? Nikita Vashisht explains

State-owned Life Insurance Corp launches new plan Bima Jyoti

The plan is a non-linked, non-participating, individual, savings plan offering a combination of protection and savings

Sebi's new free float norms and what it means for LIC IPO: Explained

Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms

Pre-IPO process on, valuation to start soon, says LIC MD Mukesh Gupta

The IPO will be handled by the Department of Investment and Public Asset Management, said Gupta

LIC IPO may hit market in fourth quarter of next fiscal: DEA Secretary

The initial public offering of LIC may hit the market in the fourth quarter of fiscal 2022

LIC employees protest against Centre's disinvestment proposal, oppose move

The Budget proposals for 2021-22 on Monday put Rs 1.75 trillion as a target from stake sale in public sector companies and financial institutions

Top Headlines: LIC IPO likely after Oct; HDFC Q3 net profit declines 65%

Here are all the top economy and markets headlines of today

IDBI Bank takes prompt corrective action; all eyes now on Q3 results

The lender has stabilised under LIC ownership, but its exit from the central bank's restrictions may be some time away

Open to opportunities of paring stake in IDBI Bank: LIC's Vipin Anand

An increase in economic activity since the unlock process started in June has resulted in an uptick in the business performance of LIC, says LIC MD Vipin Anand

Humungous land assets a major hurdle in the PSU privatisation process

Large land holdings with public sector companies can scare off potential investors, who have to deal not only with issues about pricing of the land, but also about ownership rights

SAT sets aside Sebi's penalty on SBI, Bank of Baroda, LIC in UTI AMC case

Sebi had in August levied the fine on the three firms for failing to reduce their stakes to below 10 per cent in UTI AMC within the stipulated timeline

LIC launches new campaign to revive lapsed policies amid Covid-19

To encourage individuals to continue their risk cover amid the coronavirus pandemic, LIC on Thursday launched a campaign where lapsed policies can be revived. The insurance behemoth has launched a Special Revival Campaign starting from January 7 till March 6 for its customers to revive their lapsed individual policies subject to certain conditions. It has also authorised its 1,526 satellite offices to revive policies where special medical tests are not required. "Under this Special Revival Campaign, policies of specific eligible plans can be revived within five years from the date of the first unpaid premium subject to terms and conditions," LIC said in a statement. Certain concession in health requirements is also being offered subject to eligibility, it said, adding that most policies can be revived only on the basis of a declaration of good health and a COVID-19 questionnaire to be submitted by the proposer/ life assured. LIC had launched a similar campaign from August 10 till

RBI wants IDBI Bank to come out of PCA framework before stake sale

The government's shareholding in the lender is 47.11 per cent, while LIC holds 51 per cent in it

Govt appoints Milliman Advisors to find out LIC value ahead of IPO

The work on determining the embedded value of India's largest insurer would start soon, Dipam Secretary Tuhin Kanta Pandey tweeted