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  • SEBI’s proposal on minimum shareholding and delisting is a step forward Nov 23, 2020 10:05 AM IST

    SEBI’s proposal on minimum shareholding and delisting is a step forward

    The proposed changed in minimum shareholding norms will allow bigger companies to come out with smaller IPOs. The immediate beneficiary of the move will be the largest insurer in the country – Life Insurance Corporation of India

  • Finance Minister invites bids from actuarial firms for valuing LIC ahead of IPO Nov 16, 2020 08:37 PM IST

    Finance Minister invites bids from actuarial firms for valuing LIC ahead of IPO

    The government has budgeted to collect Rs 2.10 lakh crore from stake sales this fiscal.

  • Signs of good times: Life insurers see 32% growth in new premium in October; non-life insurers see green shoots Nov 09, 2020 09:36 PM IST

    Signs of good times: Life insurers see 32% growth in new premium in October; non-life insurers see green shoots

    LIC beat the private life insurance industry by posting 36 percent YoY growth in new premium in October 2020

  • LIC IPO may spill over to next fiscal Oct 25, 2020 10:58 AM IST

    LIC IPO may spill over to next fiscal

    Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said the pre-IPO work of LIC is going on at four stages -- appointment of advisors for ensuring compliance, legislative amendment, LIC''s internal software changes to come out with its ''embedded value'' and appointing an actuary for vetting LIC's actuarial valuation.

  • LIC New Jeevan Shanti annuity plan: All you need to know before investing Oct 24, 2020 12:10 PM IST

    LIC New Jeevan Shanti annuity plan: All you need to know before investing

    Read on to know what the LIC New Jeevan Shanti annuity plan is all about, what are the costs and the benefits, and other details

  • Why the government is justified in giving PSUs a choice between buyback or capex Oct 21, 2020 10:15 AM IST

    Why the government is justified in giving PSUs a choice between buyback or capex

    Till date, the government has raised less than three percent of its Rs 2.1 lakh crore divestment target for the current fiscal

  • Explained | How does Centre plan to meet FY21 disinvestment target? Oct 20, 2020 03:05 PM IST

    Explained | How does Centre plan to meet FY21 disinvestment target?

    In this edition of the Explained series, find out how the Centre plans to meet its divestment target.

  • Like A Boss | LIC Chairman MR Kumar on why a ‘gentle but firm’ leadership style works, the importance of empowered decision-making, and more Oct 19, 2020 01:30 PM IST

    Like A Boss | LIC Chairman MR Kumar on why a ‘gentle but firm’ leadership style works, the importance of empowered decision-making, and more

    MR Kumar, chairman of India’s largest insurer, due for an IPO next year, on his management style, the book that influenced him and lessons in leadership.

  • Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey Oct 16, 2020 03:04 PM IST

    Interview | RailTel, IRFC IPOs in pipeline; govt has limited bandwidth to back Air India: DIPAM secretary Tuhin Kanta Pandey

    In an exclusive interview, DIPAM Secretary Tuhin Kanta Pandey says plans for FY21 include IPOs of RailTel, IRFC Ltd and WAPCOS Ltd. and the privatisation of Nilanchal Ispat Nigam Ltd plant in Odisha, and the Salem and Bhadravathi steel plants of SAIL Ltd. Pandey also said the government is trying its best to complete the privatisation of Shipping Corp, Concor Ltd, Bharat Earth Movers Ltd and Central Electronics Ltd before March 31, 2021.

  • States willing to borrow need not wait for GST Council decision, says govt official Oct 13, 2020 06:00 PM IST

    States willing to borrow need not wait for GST Council decision, says govt official

    The Centre has not ruled out further stimulus and no decision has been taken as to whether the finance ministry will challenge the Vodafone tax verdict or not, says the top official

  • Exclusive | LIC IPO may not happen before second quarter of FY22 Oct 08, 2020 03:15 PM IST

    Exclusive | LIC IPO may not happen before second quarter of FY22

    The government is yet to appoint book running lead managers and legal advisors. An embedded value has to be decided, the insurer has to pare its stake in a number of other listed companies and has to tweak its balance sheets to comply with regulations, and the LIC Act has to be amended in Parliament.

  • LIC: The pros and cons of a foreign listing Oct 06, 2020 10:21 AM IST

    LIC: The pros and cons of a foreign listing

    With the government desperate to raise funds, the next round of dilution of LIC could be in the near future, resulting in an upward cap on any price movement

  • Government to seek Cabinet approval to sell 25% stake in LIC: Report Sep 29, 2020 06:41 PM IST

    Government to seek Cabinet approval to sell 25% stake in LIC: Report

    Earlier this year, Finance Minister Nirmala Sitharaman had announced in her budget speech that the government would divest its stake in LIC through an IPO.

  • LIC, GIC Re and New India are systematically important insurers for 2020-21 Sep 25, 2020 08:38 PM IST

    LIC, GIC Re and New India are systematically important insurers for 2020-21

    Since they have been classified as systematically important insurers, LIC, GIC Re and New India Assurance will be subject to enhanced regulatory supervision

  • LIC of India made Rs 13,000 crore profit in equity until August this fiscal, says MD Raj Kumar Sep 16, 2020 10:24 PM IST

    LIC of India made Rs 13,000 crore profit in equity until August this fiscal, says MD Raj Kumar

    The PSU insurance behemoth witnessed a surge in online premium collections, Kumar said.

  • Signs of normalcy: Life insurers post 15% rise in new premiums in August Sep 08, 2020 08:25 PM IST

    Signs of normalcy: Life insurers post 15% rise in new premiums in August

    LIC saw a 15.2 percent YoY growth to Rs 19,714.21 crore, while private life insurers saw 13.7 percent YoY growth to Rs 7,325.6 crore

  • LIC sells record 2.19 crore new policies in FY20 Aug 31, 2020 10:22 PM IST

    LIC sells record 2.19 crore new policies in FY20

    During 2019-20, LIC registered a growth of 25.17 percent in its 'New Business' in terms of first year premium.

  • LIC holds the key to the Government’s approaching its divestment target this year Aug 25, 2020 10:27 AM IST

    LIC holds the key to the Government’s approaching its divestment target this year

    Reports say the government is considering a stake sale of 8-10 per cent in LIC, which would help it raise around Rs 90,000 crore

  • Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms Aug 14, 2020 07:20 PM IST

    Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms

    The regulator amended the mutual fund regulations in March 2018, wherein a shareholder or a sponsor owning at least 10 percent stake in an AMC is not allowed to have 10 percent or more stake in another mutual fund house operating in the country.

  • Need to find a bank distributor quickly to replace IDBI Bank sales, says IDBI Federal Life CEO Aug 12, 2020 06:56 PM IST

    Need to find a bank distributor quickly to replace IDBI Bank sales, says IDBI Federal Life CEO

    IDBI Bank is selling 27 percent stake in IDBI Federal Life Insurance for Rs 595 crore to Federal Bank and Belgium's Ageas Insurance International

  • LIC’s gross NPA ratio in debt portfolio at record high of 8.17% at end of FY20 Aug 05, 2020 01:52 PM IST

    LIC’s gross NPA ratio in debt portfolio at record high of 8.17% at end of FY20

    LIC has a balance sheet of Rs 31.2 lakh crore and its investments and downgrades will be under closer scrutiny ahead of its IPO.

  • Edelweiss withdraws from LIC pre-IPO advisor selection over concerns of conflict of interest Jul 31, 2020 06:27 PM IST

    Edelweiss withdraws from LIC pre-IPO advisor selection over concerns of conflict of interest

    Edelweiss has voluntarily opted out of the process following concerns raised by the government on a potential conflict of interest scenario due to its existing life insurance joint venture with Tokio Marine.

  • 3-Point Analysis | With transaction advisors selected, LIC IPO set to launch Jul 29, 2020 09:11 PM IST

    3-Point Analysis | With transaction advisors selected, LIC IPO set to launch

    Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand who are these pre-IPO advisors and why the listing is a big deal

  • Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO Jul 28, 2020 09:42 PM IST

    Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO

    The scope of the mandate includes advising the Centre on the modalities of the IPO and the timing, and arriving at an optimal capital structure.

  • COVID-19: LIC’s portal allows you to submit insurance claims online Jul 07, 2020 09:42 AM IST

    COVID-19: LIC’s portal allows you to submit insurance claims online

    Death, survival benefit and maturity claims, revival of policies and annuity plan procedures, including existence certificates can be submitted online

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