Cabinet approves up to 20 pc FDI in IPO-bound LIC
Feb 27, 2022, at 12:18 am
New Delhi/UNI: The Union Cabinet on Saturday cleared upto 20 per cent foreign direct investment (FDI) under automatic route in Life Insurance Corporation of India (LIC), official sources said.
Feb 16, 2022, at 12:20 am
New Delhi: Life Insurance Corporation of India (LIC), the market leading insurer and financial conglomerate, has mentioned that every policyholder shall have to ensure that his / her PAN details are updated in the policy records of the Corporation on or before Feb 28 in order to be considered an Eligible Policyholder for application in the forthcoming Public Issue.
LIC files DRHP with market regulator SEBI, Indian govt to sell 5 pc stake
Feb 14, 2022, at 02:19 am
New Delhi/UNI: Public sector insurance behemoth Life Insurance Corporation (LIC) on Sunday filed the draft red herring prospectus (DRHP) with market regulator SEBI, setting the stage for a mega initial public offering (IPO).
LIC IPO: Filing of DRHP with SEBI likely on Feb 11, says report
Feb 11, 2022, at 07:49 am
Mumbai: The Draft Red Herring Prospectus (DRHP) of India's most awaited initial public offering (IPO) by Life Insurance Corporation of India is expected to be filed with SEBI on February 11, sources told CNBC-TV18.
If LIC IPO goes as planned, FY22 disinvestment target achievable: Revenue Secretary Tarun Bajaj
Feb 03, 2022, at 06:10 am
New Delhi/IBNS: If the LIC IPO goes as planned, the government will be able to achieve itsthe FY22 disinvestment target of 1.75 lakh crore and might even exceed revised estimates (RE) figures, Revenue Secretary Tarun Bajaj said Wednesday.
LIC's Digi Zone to accelerate digital transformation
Dec 30, 2021, at 08:54 pm
Kochi/UNI: Life Insurance Corporation (LIC) of India has launched LIC Digi Zone to enhance the digital operations related to sales and services for its customers.
Centre won't need to change any law for foreign participation in LIC IPO
Oct 07, 2021, at 05:32 am
New Delhi/IBNS: No amendments will be necessary to any legislation to allow foreign participation in the proposed IPO of insurance giant Life Insurance Corporation of India (LIC), according to the media reports.
Indian govt planning to block Chinese investors from LIC IPO: Report
Sep 23, 2021, at 03:27 am
New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.
LIC CSL partners with IDBI Bank to launch co-branded RuPay Credit Cards
Jul 31, 2021, at 03:34 am
Mumbai/IBNS: LIC Cards Services Limited (LIC CSL) and IDBI Bank have partnered to launch two variants of co-branded RuPay Credit Cards - LIC CSL ‘Lumine’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card powered by IDBI Bank.
RBI policy will ensure sufficient liquidity, says LIC HFL
Mar 27, 2020, at 06:02 pm
Bengaluru/UNI: MD & CEO of LIC HFL said RBI policy announced on Friday will ensure sufficient liquidity in the system at a time when anxious moments are around due to Covid 19 situation.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 04:03 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Yes Bank crisis: Depositors' money is safe, says FM Nirmala Sitharaman
Mar 06, 2020, at 03:05 pm
New Delhi/IBNS: Reacting to the Yes Bank crisis, Union Finance Minister Nirmala Sitharaman on Friday assured all depositors that their money was safe, media reports said.
Swift action will be taken to revive Yes Bank: RBI Governor Shaktikanta Das
Mar 06, 2020, at 11:43 am
Mumbai/IBNS: Reserve Bank of India (RBI) governor Shaktikanta Das on Friday said the crisis-hit Yes Bank will be revived by the country's central bank very "swiftly" and "fast".
LIC records growth of 17.48 pc in January
Feb 07, 2020, at 07:28 pm
Bengaluru/UNI: Life Insurance Corporation of India (LIC), India’s largest life insurer, continues to better its performance, thereby winning people’s trust by crossing Rs 1.5 lakh crore New Business Premium first time in its history and maintaining dominant leadership in this sector.
LIC's partial disinvestment will not lead to its privatisation: LIC Chairman
Feb 07, 2020, at 06:12 pm
Mumbai/IBNS: Disinvestment of a part of the government's share in Life Insurance Corporation(LIC) will not pose difficulties for the employees, according to Chairman of LIC MR Kumar, reported NDTV.
Feb 01, 2020, at 03:55 pm
New Delhi/IBNS: In her Union Budget, Finance Minister Nirmala Sitharaman on Saturday proposed to sell a part of the government's holding in largest insurer Life Insurance Corporation of India.
LIC may achieve target of selling 2.50 cr policies during FY 19-20
Jan 24, 2020, at 05:36 pm
Chandigarh/UNI: Country's oldest and leading life insurance company, Life Insurance of India (LIC) is quite hopeful to achieve target of selling 2.50 crore policies during the current financial year, has already sold nearly 2.14 cr policies in first three quarters ending December 31, 2019.
Govt sets up 25,000 cr AIF to revive the struggling realty sector in India
Nov 07, 2019, at 01:23 am
New Delhi/UNI/IBNS: The Union Cabinet on Wednesday approved setting up of a fund in which the government would infuse up to Rs 10,000 crore while Life Insurance Corporation(LIC) and State Bank of India would jointly contribute Rs 15,000 crore to help revive the struggling realty sector, informed Union Finance Minister Nirmala Sitharaman.
Life insurance preferred investment choice for 70% millennials: Survey
Oct 03, 2018, at 04:38 pm
New Delhi, Oct 3 (IBNS): Life insurance is the most preferred investment instrument to achieve financial goals for almost two-thirds (70 per cent) of millennials closely followed by mutual funds (69 per cent) and fixed/recurring deposits (64 per cent), according to a recent survey jointly conducted by ASSOCHAM and IndiaFirst Life Insurance.
Union Cabinet clears LIC-IDBI deal
Aug 01, 2018, at 08:10 pm
New Delhi, Aug 1 (IBNS): The Union Cabinet chaired by Prime Minister Narendra Modi has approved conveying of no objection to reduction in Government of India shareholding in IDBI Bank Limited to below 50 percent by dilution.
LIC board gives nod to acquisition of 51 pc stake of IDBI
Jul 16, 2018, at 07:35 pm
Mumbai, July 16 (IBNS): The board of Life Insurance of India (LIC) on Monday approved the acquisition of 51 per cent stake in IDBI Bank, Economic Affairs Secretary Subhash Chandra Garg said.
Axis Bank to offer LIC products to its customers
Jul 28, 2016, at 11:18 pm
New Delhi, July 28 (IBNS): Life Insurance Corporation of India , a life insurance company with a market share of 76.8% in policies and 70.4% in first premium, and Axis Bank, India’s third largest private sector bank with widespread network of 3006 branches(including extension counters), on Thursday signed an MoU to distribute LIC’s multiple life insurance products to their customers.
LIC Mutual Fund ties-up with Cosmos Co-operative Bank for distribution of MF products
Jul 04, 2016, at 11:22 pm
Mumbai, July 4 (IBNS): LIC Mutual Fund Asset Management Company on Monday announced its tie-up with Cosmos Co-operative Bank for distribution of its mutual fund products through the bank’s 140 branches spread across pan-India.