Moneycontrol PRO
Open App
you are here: HomeNewsLic

Life Insurance Corporation of India (LIC) is an insurance and investment corporation. The Parliament of India passed the Life Insurance of India Act on 19 June 1956 creating the Life Insurance Corporation (LIC) of India, which started operating in September 1956. It consolidated the business of 245 private life insurers and other entities offering life insurance services; this consisted of 154 life insurance companies, 16 foreign companies and 75 provident companies. The LIC's executive board consists of Chairman and Managing Directors. The Central Office of LIC is based out of Mumbai which sits the Chairman, all four Managing Directors, and all Executive Directors (Department Heads). LIC has a total of 8 Zonal Offices namely Delhi, Chennai, Mumbai, Hyderabad, Kanpur, Kolkata, Bhopal More

Jump to
  • LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore Sep 27, 2022 07:04 PM IST

    LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

    BPCL has a market capitalisation of Rs 67,301 crore, which is in the refining of crude oil and marketing of petroleum products.

  • Adani Transmission dwarfs market giants in value with shares surging 125% Sep 02, 2022 01:51 PM IST

    Adani Transmission dwarfs market giants in value with shares surging 125%

    Shares of the power utility climbed almost 125 percent this year, boosting its market capitalisation to Rs 4.4 trillion on Friday, surpassing LIC and ITC

  • LIC intends to raise market share in non-participating biz, diversify channel mix: Chairman Sep 01, 2022 09:35 PM IST

    LIC intends to raise market share in non-participating biz, diversify channel mix: Chairman

    Having a market share of 65 per cent, the state-owned life insurer offers 17 individual participating products, 17 individual non-participating products, 11 group products and 7 products with rider benefits.

  • Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club Aug 30, 2022 07:25 PM IST

    Adani Transmission is 9th most valued firm by mcap; LIC out of top 10 club

    On Tuesday, shares of the company jumped 3.05 per cent to settle at Rs 3,971.65 apiece on BSE.

  • Bajaj Finance and Adani Transmission drive LIC out of 10 most valued companies league Aug 30, 2022 09:53 AM IST

    Bajaj Finance and Adani Transmission drive LIC out of 10 most valued companies league

    Bajaj Finance and Adani Transmission have replaced LIC on the list of top 10 most valued firms with a market cap of Rs 4.4 trillion each

  • IDBI Bank hits four month high on privatisation hopes Aug 25, 2022 10:39 AM IST

    IDBI Bank hits four month high on privatisation hopes

    The stock hit a high of Rs 43.85 on BSE -- a level last seen on 2 May

  • In catch-up game, LIC Mutual Fund aims to enter big boys' club in next 5 years Aug 21, 2022 03:46 PM IST

    In catch-up game, LIC Mutual Fund aims to enter big boys' club in next 5 years

    The past few years have seen the 43-player mutual fund industry growing at an exponential pace both in terms of Assets under management (AUM) and number of folios.

  • LIC sees 20% decline in death claims in Q1 FY23 as COVID impact ebbs Aug 21, 2022 12:22 PM IST

    LIC sees 20% decline in death claims in Q1 FY23 as COVID impact ebbs

    In the June quarter of the previous fiscal, settlement of death claims was to the tune of Rs 7,111 crore, which for Q1 of this year was Rs 5,743 crore, LIC Chairman M R Kumar said in a post-earnings call with analysts.

  • No timeline from government for selling IDBI stake, says LIC chairman Aug 12, 2022 10:21 PM IST

    No timeline from government for selling IDBI stake, says LIC chairman

    The divestment department is working on it but so far no expression of interest has been called in.

  • LIC Q1 Result | Net profit comes in at Rs 683 crore, firm sees rise in market share Aug 12, 2022 06:59 PM IST

    LIC Q1 Result | Net profit comes in at Rs 683 crore, firm sees rise in market share

    The company had posted a mere Rs 2.6 crore profit in the corresponding period last year.

  • RIL rank in Fortune's Global 500 jumps 51 spots, 8 other Indian companies on list Aug 03, 2022 09:22 PM IST

    RIL rank in Fortune's Global 500 jumps 51 spots, 8 other Indian companies on list

    State-run insurance giant LIC, which made its listing debut earlier this year, broke into Fortune Global 500 list by securing the 98th rank.

  • LIC breaks into Fortune 500 list, Reliance jumps 51 places Aug 03, 2022 07:47 PM IST

    LIC breaks into Fortune 500 list, Reliance jumps 51 places

    The nation’s biggest life insurer with revenue of USD 97.26 billion and a profit of $553.8 million, was ranked 98th on the just released Fortune 500 list.

  • LIC estimates its embedded value at Rs 5.41 lakh crore as of March 2022 Jul 14, 2022 05:43 PM IST

    LIC estimates its embedded value at Rs 5.41 lakh crore as of March 2022

    The value of new business during financial year 2021-22 has been determined as Rs 7,619 crore, LIC said.

  • Motilal Oswal sees enough levers for LIC to grow, expects 20% upside Jul 05, 2022 10:09 AM IST

    Motilal Oswal sees enough levers for LIC to grow, expects 20% upside

    Initiating coverage on the insurance behemoth, the brokerage firm fixed the fair value at Rs 830. This is, however, still less than the IPO price of Rs 949

  • Bank branches set to be next battleground for life insurers Jun 21, 2022 06:38 PM IST

    Bank branches set to be next battleground for life insurers

    As Life Insurance Corporation seeks to leverage tie-ups with banks to sell policies, it also has to cope with the swiftness and agility of private rivals in terms of customer focus.

  • LIC increases stake in Dr Reddy’s from 3.64% to 5.65% Jun 16, 2022 07:07 PM IST

    LIC increases stake in Dr Reddy’s from 3.64% to 5.65%

    LIC said the holding increased from 3.644% to 5.646%, an increase of 2.002% during the period from September 3, 2021 to June 15, 2022 at an average cost of Rs 4670.46 per share.

  • Moneycontrol Selects: Top stories this evening Jun 15, 2022 07:15 PM IST

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • Embedded value determination expected to be completed by June end: LIC Chairman MR Kumar Jun 15, 2022 03:33 PM IST

    Embedded value determination expected to be completed by June end: LIC Chairman MR Kumar

    LIC Chairman MR Kumar speaks on the underperformance of the stock, and the various concerns raised by investors and analysts.

  • LIC ups stake in Hero MotoCorp, HUL, Capri Global Jun 14, 2022 08:52 PM IST

    LIC ups stake in Hero MotoCorp, HUL, Capri Global

    LIC has increased its stake in Hindustan Unilever Ltd, Hero MotoCorp and non-banking finance company Capri Global Capital through open market purchases over the last few months, the life insurer said on Tuesday.

  • LIC gains 2% in early trade, snapping 10 day losing streak Jun 14, 2022 09:45 AM IST

    LIC gains 2% in early trade, snapping 10 day losing streak

    Stock hit a high of Rs 682 on BSE and at 9.30am was trading at Rs 678, up 1.5% from previous close

  • At $17 Billion Loss, LIC IPO Among Top Asia Wealth Losers Jun 13, 2022 04:34 PM IST

    At $17 Billion Loss, LIC IPO Among Top Asia Wealth Losers

    The drop puts it just behind South Korea’s LG Energy Solution Ltd., which saw a more than 30% peak-to-trough decline in its share price after an initial spike on debut.

  • Moneycontrol Selects: Top stories this afternoon Jun 13, 2022 02:15 PM IST

    Moneycontrol Selects: Top stories this afternoon

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • LIC declines nearly 6% to hit record low of Rs 668 in step with market meltdown Jun 13, 2022 10:37 AM IST

    LIC declines nearly 6% to hit record low of Rs 668 in step with market meltdown

    This is the tenth consecutive session when the stock traded lower. Since listing or in the last 20 sessions, the stock was up only in four sessions. With today's fall, the stock has eroded nearly Rs 1.7 trillion of investors' wealth since listing.

  • Top-10 most valued firms lose over Rs 2.29 lakh crore in m-cap Jun 12, 2022 06:25 PM IST

    Top-10 most valued firms lose over Rs 2.29 lakh crore in m-cap

    In the ranking of top-10 firms, Reliance Industries retained the title of the most valued firm, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC and Bharti Airtel.

  • Government concerned about dip in LIC share price; calls it temporary blip Jun 10, 2022 07:25 PM IST

    Government concerned about dip in LIC share price; calls it temporary blip

    The government had fixed the issue price of LIC shares at Rs 949 apiece after a successful Initial Public Offering (IPO) which was oversubscribed nearly 3 times.

Sections
ISO 27001 - BSI Assurance Mark