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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

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  • Life insurers’ new business premium rises 12% in October, led by private players

    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.

  • LIC’s GST impact under 1%, ITC burden not passed onto agents: CEO Doraiswamy

    The insurer expects that exemptions on life insurance products will boost business volumes, support top-line growth, and provide opportunities to optimise expenses

  • LIC lifts stakes in SBI, Coal India, Sun Pharma, HCL; cuts exposure in HDFC Bank, ICICI Bank

    Among newly added stocks, BSE Ltd topped the list, with LIC purchasing 2.28 crore shares valued at Rs 4,637 crore.

  • IDBI Bank divestment: Centre may soon invite financial bids as IMG set to meet on Oct 31 to finalise process

    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.

  • Life insurers’ new business premiums rise 14.8% in September, led by private players

    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.

  • Insurance agents & associations likely to take up GST issue with IRDAI, Finance Ministry

    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

  • Tata Capital IPO anchor book likely to see strong demand; LIC, large MFs show interest

    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

  • JPMorgan raises HDFC Life and GIC to Overweight with higher targets, LIC and SBI Life top picks

    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.

  • Primary market gets another boost from SEBI

    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.

  • No deal signed for health insurance yet, says LIC CEO R Doraiswamy

    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

  • HDB Financial delivers biggest listing gains among over Rs 10,000-crore IPOs post-Covid

    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 stake in NSE emerges as fifth most valuable holding for insurance behemoth

    LIC’s top four holdings by value are Reliance Industries, ITC, HDFC Bank, and State Bank of India

  • Rare bet in the works; LIC eyeing participation in anchor book of HDB Financial Services IPO

    The anchor portion of the HDB Financial Services IPO has been reserved for June 24

  • Private life insurers ride on premium products to increase market share even as policy volumes fall

    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.

  • LIC says Ramakrishnan Chander takes charge as chief investment officer

    Chander will succeed Ratnakar Patnaik, who has taken over as the managing director of LIC earlier this month.

  • Gainers & Losers: 10 stocks that moved the most on May 28

    About 1,962 shares advanced, 1,831 shares declined, and 151 shares remained unchanged.

  • LIC shares jump 9% on mixed Q4: Should you buy, sell, or hold?

    LIC’s March quarter (Q4FY25) results revealed a 38 percent rise in profit, but a dip in premium income left analysts split

  • Rationale behind composite licensing remains unclear, says Shubhra Goel

    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

  • LIC appoints Ratnakar Patnaik, Dinesh Pant as managing directors

    They will take over from managing directors Jagannath Mukkavilli and Tablesh Pandey who superannuate at month-end

  • LIC accumulates shares worth over Rs 47,000 crore in Q4 amid market volatility

    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.

  • Govt 's FY26 disinvestment push likely to feature OFS in Coal India, LIC, RVNL, GRSE

    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

  • Explained | Open architecture in insurance: Push for choice, debate on impact, and industry's stance

    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

  • LIC net buys shares worth Rs 19,400 crore in Q3; Hyundai Motor, NTPC Green Energy, Maruti Suzuki, Nestle, P&G among key additions

    The robust buying by LIC comes at a time when domestic institutional investors (DIIs), including mutual funds, continue aggressive buying, providing market resilience.

  • Stocks On Radar: BEL, Glenmark Pharma, Vedanta, Cipla, LIC and more | February 10

    Catch up on the latest stock market updates!

  • LIC shares rise 1% as net premium income slips 9% in Q3

    LIC saw 17 percent rise in its standalone net profit to Rs 11,056 crore in the third quarter ended December 2024.

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