Embedded value of LIC likely at $150 billion
An actuarial valuation exercise has arrived at a $150 billion embedded value for Life Insurance Corp. of India, the first Read more
LIC
LIC acquires 2% stake in BPCL
Life Insurance Corporation of India (LIC) bought 4,38,02,790 equity shares or 2.01% stake of Bharat Petroleum Corporation from 11 June Read more
LIC investment income grows by a robust 16.66% in FY21
LIC recorded a robust 16.66 per cent increase in income from investments (including capital gains) in financial year 2020-21 at Read more
RBI allows LIC to raise holding in IndusInd Bank to 10%
Reserve Bank of India (RBI) has approved the largest insurer in India Life Insurance Corporation to raise its stake in Read more
LIC launches new plan, Dhan Rekha
LIC has introduced a plan ‘Dhan Rekha’ with special rates for women and guaranteed benefits. The benefits include a periodic Read more
LIC can hike Kotak stake to 10%: RBI
The RBI has allowed LIC to hike its stake in Kotak Mahindra Bank to up to 9.99% from the current Read more
Link PAN to LIC policies for IPO quota
Life insurance major LIC has asked its policyholders who also have a demat account to link their income tax PAN Read more
LIC to file draft IPO papers with Sebi next month
Country’s largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in country’s Read more
LIC gets RBI approval to hike stake in KMB to 9.9%
Life Insurance Corporation of India has received approval from the RBI to raise its stake in Kotak Mahindra Bank to Read more
LIC pulls life insurers’ new biz premium down by 5%
After recording impressive growth in September, new business premiums (NBP) of 24 life insurance companies degrew 5 per cent year-on-year Read more