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
Across categories, individual single-premium rose 6.44 percent year on year to Rs 3,962 crore, while individual non-single premium increased 4.34 percent to Rs 8,871 crore.
The insurer expects that exemptions on life insurance products will boost business volumes, support top-line growth, and provide opportunities to optimise expenses
Among newly added stocks, BSE Ltd topped the list, with LIC purchasing 2.28 crore shares valued at Rs 4,637 crore.
The approval of the SPA and the subsequent invitation of financial bids will mark the final phase of the long-awaited IDBI Bank privatisation process that has been underway since 2021.
On a year-to-date basis, LIC’s collections rose 4.7 percent to Rs 1,21,008 crore, from Rs 1,15,550 crore in the first half of FY25.
While strict cost caps has forced private insurers to pass GST burden to agents, PSUs like LIC, New India Assurance, Oriental and United India have decided to absorb loss
Based on early indications, the anchor portion is likely to see interest of over Rs 21,000 crore at the upper end of the price band. The anchor book opens October 3 and IPO from October 6
With in the non-life insurance space, the note finds more upside potential in the reinsurance sector while India's life insurance plays are poised for a most growth upside among Asia, riding on the demographic dividend.
SEBI's ground-breaking framework will dramatically improve India's IPO landscape, slashing dilution requirements and extending timelines to attract mega companies to list domestically.
There is a delay in the deal, as we would like to observe the evolving health insurance market closely before making any definitive move, says Doraiswamy
3 out of 4 IPOs, which raised over Rs 10,000 crore after the COVID-19 outbreak in 2020, saw a discount listing.
LIC’s top four holdings by value are Reliance Industries, ITC, HDFC Bank, and State Bank of India
The anchor portion of the HDB Financial Services IPO has been reserved for June 24
The group insurance segment has emerged as the key growth engine in May, contributing over Rs 19,850 crore which is higher by more than 13 percent from last year.
Chander will succeed Ratnakar Patnaik, who has taken over as the managing director of LIC earlier this month.
About 1,962 shares advanced, 1,831 shares declined, and 151 shares remained unchanged.
LIC’s March quarter (Q4FY25) results revealed a 38 percent rise in profit, but a dip in premium income left analysts split
The MD of the global professional services Firm also says that life insurance companies are likely to continue scaling back their exposure to ULIPs in FY26, particularly in the face of market volatility
They will take over from managing directors Jagannath Mukkavilli and Tablesh Pandey who superannuate at month-end
LIC's equity portfolio currently spans 351 stocks, with accumulation observed in around 105 of them, including 12 new additions. At the same time, the insurer trimmed its holdings in 86 companies, while its name disappeared from the shareholding disclosures of 15 firms during the quarter—indicating either a complete exit or a reduction in stake below 1 percent.
After a successful Rs 5,000-crore OFS in Mazagon Dock Shipbuilders at the start of FY26, Centre lines up stake sale in more PSUs to drive non-tax revenues
While this proposal aims to enhance consumer choice and potentially drive competition, reports have surfaced indicating that major companies oppose the open architecture model for individual agents
The robust buying by LIC comes at a time when domestic institutional investors (DIIs), including mutual funds, continue aggressive buying, providing market resilience.
Catch up on the latest stock market updates!
LIC saw 17 percent rise in its standalone net profit to Rs 11,056 crore in the third quarter ended December 2024.