LIC of India

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SBI & LIC Alert! Revive lapsed policies without paying any late premium fees until THIS date

As per the website of the State Bank of India, one can now revive their lapsed policies under the revival fair of SBI Life. Along with this, you can also avail the benefit of a 100 per cent discount on the late premium payment fee. The lapsed policies will be revived for a period of […]

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LIC organises special programmes

Hyderabad: Life Insurance Corporation (LIC) of India on Friday said it has organised several special programmes and events to mark its 65th anniversary. Every year, first week of September is being celebrated as insurance week through out the corporation.This year as part of insurance week celebrations, LIC took up charity activities across the country, such […]

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LIC celebrates 66th founding anniversary

The Life Insurance Corporation of India entered its 66th year of existence on Wednesday. The company in a release said that it registered a growth of 3.48% in the new business in terms of the first year premium and sold 2.10 crore new policies during 2020-21. It also said that its pension and group superannuation […]

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Why the LIC IPO is not a good idea- The New Indian Express

Not a day passes without a report in mainstream media about IPO in LIC. The Government of India has already issued a notification giving effect to the 27 amendments to LIC Act, 1956, which was passed in the Budget session along with the Finance Bill. The Life Insurance Corporation of India came into being in […]

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LIC’s asset base goes past Rs 38L cr in fiscal 2021

Mumbai: Life Insurance Corporation of India has said that its asset base has crossed Rs 38 lakh crore with total investments of Rs 36,76,170 crore and a life fund of Rs 34,36,686 crore as of March 2021. According to its balance sheet for the previous fiscal ended March 2020, the corporation’s total assets stood at […]

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lic ipo: India puts checks in place for LIC, foreign holding may be capped at 20%

The government may limit overseas investment in state-owned Life Insurance Corp. (LIC) of India at 20%, at par with that for public sector banks. The country’s biggest life insurer is expected to make its initial public offer (IPO) later this year. Expected to be the biggest ever in the Indian market, it’s pegged at about […]

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Goldman Sachs, J P Morgan Chase among 10 merchant bankers to manage LIC IPO

The government aims to come out with the IPO and subsequent listing of Life Insurance Corporation (LIC) on the bourses in the January-March quarter of 2022. The government has shortlisted 10 merchant bankers, including Goldman Sachs Group Inc., J P Morgan Chase & Co, and ICICI Securities, to manage the mega initial public offering (IPO) […]

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

The Madras High Court’s ruling mandating bumper-to-bumper cover for all new private cars sold from September 1 has got auto dealers, insurers and the law fraternity in a tizzy. Meanwhile, the govt has selected 10 investments banks to manage LIC IPO. Rs 1-trillion m-cap club nears half-century; 19 companies join in […]

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LIC Jeevan Shanti plan offers lifelong income; know its benefits here

LIC brings Jeevan Shanti stand-alone insurance payment plan that offers the policyholders an option to pick an immediate or deferred annuity. Publish Date: Sat, 28 Aug 2021 12:49 PM IST New Delhi | Jagran Business Desk: Life Insurance Corporation (LIC) is one of the leading insurance and investment corporation firms in India that provides various […]

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Explained | How will the LIC IPO benefit policyholders?

The story so far: The Centre is set to list India’s largest insurance firm, state-owned Life Insurance Corporation of India, on the stock exchanges to help meet disinvestment targets for the year. The Cabinet Committee on Economic Affairs approved the IPO in July. Earlier, actuarial firm Milliman Advisors was appointed to assess the embedded value […]

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