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

    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

    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

    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

    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 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

    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

    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

    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

    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 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

    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

    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 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

    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

    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

    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

    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 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.

  • Brokerage Radar: Bullishness spreads for M&M, but Ola Electric, Cummins and Thermax face target cuts

    Brokerage Radar: Bullishness spreads for M&M, but Ola Electric, Cummins and Thermax face target cuts

    Check out the latest brokerage calls and analyst comments on the stocks in action today. Our coverage includes Mahindra & Mahindra, Ola Electric, LIC, Cummins, Thermax and Fortis Health among others.

  • Insurance companies see no benefit from open architecture; Leaders cite unemployment, mis-selling concerns

    Insurance companies see no benefit from open architecture; Leaders cite unemployment, mis-selling concerns

    Moreover, companies have not seen much success with the open architecture model

  • Budget 2025: Old vs. New Tax Regime – Which One Saves You More? | Explained

    Budget 2025: Old vs. New Tax Regime – Which One Saves You More? | Explained

    Budget 2025 is around the corner, and taxpayers are eagerly waiting for potential income tax changes! Should you stick to the old tax regime with deductions or switch to the new simplified structure? We break down the latest slabs, tax rates, and savings for different income levels. Watch now to find out which regime is best for you!

  • Union Budget 2025: LIC MD expects tax incentives and subsidies to boost insurance penetration

    Union Budget 2025: LIC MD expects tax incentives and subsidies to boost insurance penetration

    On January 29, Moneycontrol reported that India’s insurance sector is expecting some key announcements in the Budget such as tax incentives for policyholders, reduction of goods and services tax (GST), and implementation of mandatory basic term life insurance coverage for formal employment

  • LIC looks technology as an enabler, catalyst to strengthen agency force, says MD R Doraiswamy

    LIC looks technology as an enabler, catalyst to strengthen agency force, says MD R Doraiswamy

    Doraiswamy said Insurance companies will be able to price the products in a better way with proper technology.

  • Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors

    Brookfield REIT QIP sees 2x demand, LIC, IFC, mutual funds among investors

    This is the second time that Brookfield REIT has taken the QIP route to raise funds since its IPO in February 2021. In August 2023, it Rs 2,305 crore by selling shares to institutional investors

  • LIC raises stake in Asian Paints To 7% as Raamdeo keeps the 'Bruised Bluechip' on watchlist

    LIC raises stake in Asian Paints To 7% as Raamdeo keeps the 'Bruised Bluechip' on watchlist

    The development assumes significance amid a 30% fall in Asian Paints' share price this year, and veteran investor Raamdeo Agrawal keeping the stock on its buy watchlist as a 'bruised bluechip' in a wealth report.

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