LIC valuation dips Rs. 40,000 cr on stock market fall, rising rates
Life Insurance Corp. of India (LIC) has suffered a Rs. 40,000 crore hit on its valuation due to the extended Read more
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LIC embedded value flat at Rs. 5.41 trillion
Life Insurance Corporation of India’s (LIC’s) Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 Read more
No takers for Rs. 3,400 croreReliance Capital bonds
LIC’s plan to sell its exposure in bonds worth Rs 3,400 crore issued by Reliance Capital (RCap) did not find Read more
LIC to invest Rs. 80.67 crore in rights issue of its Nepal arm
LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd. The proposal Read more
NHRC seeks mandatory insurance, accident covers of Rs 15 lakh for truck drivers
The National Human Rights Commission (NHRC) has issued anadvisory to central government, the states, and the union territories to defend Read more
HC order asking insurance firm to compensate farmers for crop loss stayed
The Supreme Court has stayed a Bombay High Court order which had asked Bajaj Allianz General Insurance Company Ltd. to Read more
Top brass selection of PSU insurers stuck
The selection process of top officials of public sector insurance companies is in limbo in the wake of the Delhi Read more
Rise in rates will partially offset underwriting losses for insurers
The recent increase in the premium rates on third-party motor insurance is unlikely to fully offset the motor insurance segment’s Read more
Digit Insurance targets $5 billion in IPO valuation
Digit Insurance, backed by Canadian billionaire Prem Watsa’s Fairfax Group, is considering raising about $500 million in an initial public Read more
United India Insurance may be first up for sell-off
United India Insurance could be the top choice for privatisation as the government initiates discussions on plans to sell a Read more
