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  • Govt to do away with clause mandating it to hold majority stake in insurance companies: Report Jul 26, 2021 03:00 PM IST

    Govt to do away with clause mandating it to hold majority stake in insurance companies: Report

    The move would allow foreign companies to hold upto 74 percent stake in the divested general insurance company.

  • LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration Jul 23, 2021 10:39 AM IST

    LIC Saral Pension: Low annuity rates, but trust factor trumps return consideration

    All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies

  • LIC Disinvestment | Centre likely to sell stake in two stages, avoid disrupting market: Report Jul 23, 2021 09:24 AM IST

    LIC Disinvestment | Centre likely to sell stake in two stages, avoid disrupting market: Report

    Fears are that the estimated size of the LIC IPO could “crowd out private insurance companies from the equity market, hampering economic growth”

  • Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal Jul 19, 2021 07:50 PM IST

    Exclusive | Privatisation of general insurer, 2 banks unlikely to be completed this fiscal

    The Centre is confident of meeting the ambitious divestment target of Rs 1.75 lakh crore through share sales in Air India and other companies, including the Life Insurance Corporation IPO, which is expected to be India’s largest.

  • LIC IPO | Centre to list Life Insurance Corporation of India by Q4FY22: DIPAM Secretary Jul 14, 2021 11:25 AM IST

    LIC IPO | Centre to list Life Insurance Corporation of India by Q4FY22: DIPAM Secretary

    The Union Cabinet had recently approved disinvestment of LIC. The panel headed by finance minister Nirmala Sitharaman will decide on the size of the share sale.

  • Ahead of IPO, LIC on track to reduce NPA ratio, improve persistency Jul 13, 2021 10:44 AM IST

    Ahead of IPO, LIC on track to reduce NPA ratio, improve persistency

    A three-pronged strategy is being adopted by LIC, the country's largest insurer. It includes improving persistency, reducing its NPA ratio in the debt portfolio as well as planned exits of non-core assets like the IDBI Bank.

  • CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale Jul 12, 2021 09:34 PM IST

    CCEA clears LIC disinvestment; panel headed by FM to decide quantum of stake sale

    Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.

  • LIC IPO likely cleared by Cabinet Committee on Economic Affairs Jul 12, 2021 10:22 AM IST

    LIC IPO likely cleared by Cabinet Committee on Economic Affairs

    The government plans to list LIC by March, sources said.

  • IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC Jul 09, 2021 06:12 PM IST

    IDBI Bank disinvestment: Govt approves 100% stake sale by Centre, LIC

    While the Cabinet Committee on Economic Affairs has allowed the sale of the entire stake, the exact quantam will be decided as the process unfolds. The Centre and LIC together own nearly 95 percent of IDBI Bank currently.

  • LIC to have Chief Executive Officer, Managing Director; govt does away with Chairman post Jul 08, 2021 05:45 PM IST

    LIC to have Chief Executive Officer, Managing Director; govt does away with Chairman post

    The changes have been made by the Department of Financial Services under the finance ministry by amending Life Insurance Corporation of India (Employees) Pension (Amendment) Rules. Besides, some other rules under LIC Act, 1956, have been amended.

  • LIC Housing Finance to raise over Rs 2,334 crore from LIC as equity capital Jun 25, 2021 08:07 AM IST

    LIC Housing Finance to raise over Rs 2,334 crore from LIC as equity capital

    LIC Housing Finance will issue shares at Rs 514.25 apiece to its promoter LIC on a preferential basis.

  • Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors Jun 22, 2021 07:01 PM IST

    Govt may sell a minimum 26% stake in IDBI Bank; seeks legal, transaction advisors

    The government has not yet finalized how much stake to sell and will do so in consultation with the RBI, LIC Ltd, and the appointed transaction advisor, a senior government official told Moneycontrol. The stake offloaded could be anything between 26 percent (the minimum required to transfer management control) and the centre's entire stake, which is currently at 45.5 percent

  • Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation Jun 21, 2021 10:01 PM IST

    Govt eases listing norms for companies having over Rs 1 lakh crore market capitalisation

    The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.

  • Centre considering over 24 anchor investors for Rs 25,000 crore infusion in LIC’s IPO: Report Jun 14, 2021 08:25 AM IST

    Centre considering over 24 anchor investors for Rs 25,000 crore infusion in LIC’s IPO: Report

    Anchor investors will buy a portion of Life Insurance Corporation of India (LIC) shares, meant for qualified institutional buyers (QIPs) “to help measure market demand”.

  • IPO impact? LIC chairman M R Kumar tenure extended till March 2022 Jun 09, 2021 03:34 PM IST

    IPO impact? LIC chairman M R Kumar tenure extended till March 2022

    This extension comes amid the proposed LIC IPO that could be done in Q4FY22. Kumar was to retire on June 30, 2021.

  • LIC IPO: Govt to seek proposals from investment banks in June, says report Jun 03, 2021 03:50 PM IST

    LIC IPO: Govt to seek proposals from investment banks in June, says report

    The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.

  • All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana May 26, 2021 04:23 PM IST

    All you need to know about Pradhan Mantri Jeevan Jyoti Bima Yojana

  • LIC's shareholding in listed companies hit all-time low, but it increased stake in 10 firms in Q4 May 11, 2021 02:14 PM IST

    LIC's shareholding in listed companies hit all-time low, but it increased stake in 10 firms in Q4

    The state-run insurer booked profits in the first three months of 2021 even as Nifty gained 5 percent

  • IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22 May 06, 2021 01:34 PM IST

    IDBI Bank divestment: LIC may sell stake in multiple tranches, up to 5% in FY22

    LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.

  • CCEA clears 'strategic divestment' of IDBI Bank May 05, 2021 04:31 PM IST

    CCEA clears 'strategic divestment' of IDBI Bank

    The centre and LIC together own more than 94 percent of equity of IDBI Bank, with the centre owning 45.48 percent and LIC owning 49.24 percent. LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter.

  • LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21 May 03, 2021 02:44 PM IST

    LIC sees Rs 3.76 lakh crore additions in equity holding value in FY21

    The country’s largest insurer saw its equity holding value rise to Rs 7.69 lakh crore in FY21 as against Rs 3.93 lakh crore a year ago, representing a whopping 96 percent year-on-year growth

  • LIC employees get 16% wage hike, 5-day-work week, other benefits: Report Apr 16, 2021 10:11 AM IST

    LIC employees get 16% wage hike, 5-day-work week, other benefits: Report

    Apart from revised wage, other benefits for LIC employees include the approval for five-day work week, with immediate effect.

  • Disinvestment target of FY'22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA Mar 27, 2021 03:27 PM IST

    Disinvestment target of FY'22 achievable; LIC IPO to bring in Rs 1 lakh crore: CEA

    The RBI's Monetary Policy Committee has been mandated to maintain annual inflation at 4 per cent until March 31 with an upper tolerance of 6% and lower limit of 2%.

  • LIC offers new facility to policyholders to ease maturity claim process Mar 22, 2021 06:57 PM IST

    LIC offers new facility to policyholders to ease maturity claim process

    In view of the coronavirus-related curbs, policyholders have been allowed to submit their maturity claim documents at the nearest LIC offices.

  • Life Insurance Corporation eases policy claim settlement process Mar 18, 2021 09:35 PM IST

    Life Insurance Corporation eases policy claim settlement process

    The facility is on trial now and is effective immediately. It will last till March 31, LIC said.

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