LIC of India

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Tatva Chintan, Glenmark Life Sciences IPO, Tech Mahindra, LIC Housing, IDBI Bank Stock in Focus

Market participants will react to the results of the US Federal Reserve meeting and closely monitor the results for the April-June quarter. Image: reuters Nifty futures were trading 8.50 points higher at 15,715.50 on the Singapore Stock Exchange, indicating a tepid open for BSE Sensex and Nifty 50 on Thursday. Market participants will react to […]

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LIC launches contactless prepaid card

LIC HF profit dips 81% on bad loans

Mumbai: LIC Housing Finance’s profit after tax dropped 81% to Rs 153 crore for the quarter ended June 2021 from Rs 817 crore in the corresponding quarter of the previous year as bad loans took a toll. Shares of the company fell 4% to Rs 115 following the results, which were worse than market expectations. […]

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LIC IPO: Life Insurance Corporation of India IPO only after 3 other PSU selloffs

The government is looking to complete at least three public sector disinvestment transactions before rolling out the mega initial public offer (IPO) of Life Insurance Corporation of India early next year, a finance ministry official said. At least three firms – National Fertilisers Ltd, Mishra Dhatu Nigam Ltd and Rashtriya Chemical & Fertilizers Ltd – […]

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Govt considering gradual changes to surplus distribution policy of LIC ahead of IPO: Report

Govt considering gradual changes to surplus distribution policy of LIC ahead of IPO: Report&nbsp New Delhi: The Centre is reportedly planning a gradual change in the rules for distribution of surplus of Life Insurance Corporation of India (LIC)— India’s largest state-run insurer—between policyholders and shareholders, and it is being done as part of the […]

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Top headlines: Tata group’s legacy issues; tweaks to LIC surplus payouts

Almost a decade has passed since Ratan Tata retired from the Tata Group. Cyrus Mistry’s ouster has also completed almost 5 years. However, the group’s consolidated net loss, if TCS earnings are excluded, shows us India’s largest business conglomerate in the private sector continues to be bogged down with legacy issues. Read […]

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LIC told to pay Rs 15.5 lakh to kin of policyholder in Hyderabad | Hyderabad News

Representative imageHYDERABAD: A district consumer forum here on Sunday directed Life Insurance Corporation of India (LIC) to pay Rs 15.5 lakh to the complainant who filed a case on behalf of his minor granddaughters for repudiating their claims citing non-disclosure of information. K Ramulu, the complainant, who is the grandfather and legal guardian of his […]

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LIC staff oppose privatisation move : The Tribune India

Jalandhar, July 24 On the call by the Central Trade Unions, members of the Northern Zone Insurance Employees Association organised a massive demonstration here yesterday. While addressing the rally, Ved Kumar, divisional secretary of the association, said the Centre is pleasing its corporate friends by making policies in their favour at the cost of common people. […]

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LIC employees strongly oppose Corporation IPO

| Friday | 23rd July, 2021 Excelsior CorrespondentJAMMU July 23: As per the call of All India Insurance Employees’ Association LIC employees under the banner of Northern Zone Insurance Employees’ Association Srinagar Division held massive demonstrations today in front of LIC offices of Jammu & Kashmir against the Corporation IPO. He strongly opposed the move […]

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Govt to sell stake in LIC in two stages to avoid market disruption

The government may not initially sell a 10% stake in Life Insurance Corp. of India (LIC) through an initial public offering (IPO), choosing instead to sell 5-6%, followed by a similar second public offering, given the mammoth size of the state-run insurer, four people aware of the development said. Although the valuation exercise of LIC […]

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LIC Unveils Arogya Rakshak Health Insurance Plan: Details Inside

Business oi-Vipul Das | Published: Wednesday, July 21, 2021, 10:53 [IST] On July 19, 2021, the Life Insurance Corporation of India (LIC) launched Arogya Rakshak, which is a health insurance policy that is non-linked, non-participating, and has a regular premium. According to LIC “This plan provides fixed benefit health insurance cover against certain specified health […]

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