Jul 26, 2021 03:00 PM IST
The move would allow foreign companies to hold upto 74 percent stake in the divested general insurance company.
- Jul 23, 2021 10:39 AM IST
All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies
- Jul 23, 2021 09:24 AM IST
Fears are that the estimated size of the LIC IPO could “crowd out private insurance companies from the equity market, hampering economic growth”
- Jul 19, 2021 07:50 PM IST
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.
- Jul 14, 2021 11:25 AM IST
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.
- Jul 13, 2021 10:44 AM IST
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.
- Jul 12, 2021 09:34 PM IST
Under the embedded value method, the insurance company's present value of future profit is also included in its present net asset value.
- Jul 12, 2021 10:22 AM IST
The government plans to list LIC by March, sources said.
- Jul 09, 2021 06:12 PM IST
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.
- Jul 08, 2021 05:45 PM IST
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.
- Jun 25, 2021 08:07 AM IST
LIC Housing Finance will issue shares at Rs 514.25 apiece to its promoter LIC on a preferential basis.
- Jun 22, 2021 07:01 PM IST
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
- Jun 21, 2021 10:01 PM IST
The Department of Economic Affairs under the finance ministry has amended the Securities Contracts (Regulation) Rules.
- Jun 14, 2021 08:25 AM IST
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”.
- Jun 09, 2021 03:34 PM IST
This extension comes amid the proposed LIC IPO that could be done in Q4FY22. Kumar was to retire on June 30, 2021.
- Jun 03, 2021 03:50 PM IST
The initial public offering of Life Insurance Corporation could happen as early as March 2022, the report claimed.
- May 26, 2021 04:23 PM IST
- May 11, 2021 02:14 PM IST
The state-run insurer booked profits in the first three months of 2021 even as Nifty gained 5 percent
- May 06, 2021 01:34 PM IST
LIC which is the promoter of IDBI Bank is likely to sell stake and unlock value ahead of its initial public offering in Q3FY22.
- May 05, 2021 04:31 PM IST
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.
- May 03, 2021 02:44 PM IST
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
- Apr 16, 2021 10:11 AM IST
Apart from revised wage, other benefits for LIC employees include the approval for five-day work week, with immediate effect.
- Mar 27, 2021 03:27 PM IST
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%.
- Mar 22, 2021 06:57 PM IST
In view of the coronavirus-related curbs, policyholders have been allowed to submit their maturity claim documents at the nearest LIC offices.
- Mar 18, 2021 09:35 PM IST
The facility is on trial now and is effective immediately. It will last till March 31, LIC said.