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  • Earnings disappointment can start correction in implied multiples: LIC MF Sep 21, 2017 11:34 AM IST

    Earnings disappointment can start correction in implied multiples: LIC MF

    Sachin Relekar, Fund Manager - Equity at LIC Mutual Fund, says that while valuations in the IT and pharma sectors are quite attractive, one should look at individual businesses separately.

  • Insurance regulator asks LIC to lower rates on Jeevan Akshay plan Sep 13, 2017 01:34 PM IST

    Insurance regulator asks LIC to lower rates on Jeevan Akshay plan

    The insurance regulator wants the rate offered by the pension plan to be brought down in accordance with the return on company’s investment.

  • LIC sells over 2% in Bank of Baroda in open mkt sale Sep 04, 2017 07:38 PM IST

    LIC sells over 2% in Bank of Baroda in open mkt sale

    The open market sale of over 2.04 percent stake (or 4,69,80,180 shares) took place between July 10 to September 1, Bank of Baroda said in a regulatory filing.

  • EXCLUSIVE: LIC asks UCO Bank to appoint a nominee from LIC on bank’s board Sep 04, 2017 10:40 AM IST

    EXCLUSIVE: LIC asks UCO Bank to appoint a nominee from LIC on bank’s board

    LIC’s demand comes after its stake in Kolkata-based bank increased to 17 percent

  • LIC settled claims worth over Rs 1 trillion in FY17 Sep 01, 2017 07:35 PM IST

    LIC settled claims worth over Rs 1 trillion in FY17

    LIC, which completed 61 years of its incorporation today, said it had settled 215.58 lakh claims amounting to Rs 1,12,700.41 crore during the financial year 2016-17, it said in a statement.

  • LIC must pare ITC, L&T stakes to below 15% by December 2018: Irdai Aug 08, 2017 07:30 AM IST

    LIC must pare ITC, L&T stakes to below 15% by December 2018: Irdai

    These two are considered as non-strategic investments for LIC. While LIC holds 16.29 per cent stake in ITC, it holds 17.97 per cent stake in L&T as of end June.

  • LIC aims new biz on individual basis at Rs 38k cr in FY18 Jul 26, 2017 08:27 PM IST

    LIC aims new biz on individual basis at Rs 38k cr in FY18

    "We hope to garner Rs 38,000 crore on the individual basis in the 2017-18 fiscal on the back of our products," LIC Chairman V K Sharma told PTI.

  • LIC may increase investment in equities to Rs 4 lakh cr in FY18: Report Jul 20, 2017 02:00 PM IST

    LIC may increase investment in equities to Rs 4 lakh cr in FY18: Report

    In FY17, LIC invested around Rs 3.5 trillion, which will be disclosed in LIC’s annual report that will be sent for parliamentary approval in the coming days. The annual report of LIC will be put out only after parliamentary approval, one of the two sources said.

  • LIC trims stake in Tata Global Beverages by 2.14% Jul 18, 2017 03:17 PM IST

    LIC trims stake in Tata Global Beverages by 2.14%

    The public sector insurer, which had 9.85 per cent stake earlier, brought down its shareholding in the company to 7.70 per cent by selling shares between July 20, 2016, and July 4, 2017, Tata Global Beverages (TGBL) said in a filing to BSE.

  • Fino Payments Bank aims to make profits in the next 3 years, says MD Rishi Gupta Jul 17, 2017 08:25 PM IST

    Fino Payments Bank aims to make profits in the next 3 years, says MD Rishi Gupta

    The firm plans to build a network of over 100,000 access points from 25,000 at present, and open more than 1,000 branches in 3-5 years

  • Life insurers' June premium jump 13% to Rs 14,466 crore Jul 14, 2017 06:01 PM IST

    Life insurers' June premium jump 13% to Rs 14,466 crore

    Among private players, SBI Life's premium income jumped 37 percent to Rs 805.55 crore from Rs 588.32 crore a year ago.

  • LIC defends investment in ITC, says receives orders from Centre Jun 27, 2017 11:42 AM IST

    LIC defends investment in ITC, says receives orders from Centre

    Life Insurance Corporation of India said that there is no law or policy that stopped it in investing in tobacco companies, while defending its holding in ITC.

  • Govt sells 2.5% in L&T, raises Rs 4,200 crore Jun 22, 2017 07:32 AM IST

    Govt sells 2.5% in L&T, raises Rs 4,200 crore

    The transaction was done through the Specified Undertaking of the Unit Trust of India (SUUTI), according to block deals available on stock exchanges. The government held 6.55 per cent stake in engineering firm L&T and the shareholding after the sale has come down to a little over 4 per cent.

  • FinMin to divest stake in ITC, sources say; another LIC buyout possible? Jun 09, 2017 01:58 PM IST

    FinMin to divest stake in ITC, sources say; another LIC buyout possible?

    In the past, the government has received criticism for asking LIC to buy stake in ITC, a tobacco company.

  • LIC decides to go slow on Ulips, focus more on traditional offerings May 24, 2017 10:42 AM IST

    LIC decides to go slow on Ulips, focus more on traditional offerings

    V K Sharma, chairman, LIC said that while their Ulip product performed well, their focus will be on traditional products. "At the end of the day, our policyholder interest is supreme and their returns should not be impacted," he said.

  • LIC to pay 40% more dividend, bonus in 2016-17 May 18, 2017 06:22 PM IST

    LIC to pay 40% more dividend, bonus in 2016-17

    The customers of policies like Jeevan Shree, Jeevan Pramukh, Jeevan Nidhi plan and Jeevan Amrit have received higher bonuses during 2016-17.

  • Which is India's most valued brand? Find out here May 18, 2017 09:54 AM IST

    Which is India's most valued brand? Find out here

    The second most valued brand in India is mobile operator company Bharti Airtel with valuations of USD 7.7 billion. Life Insurance Corporation of India (LIC) ranks third with USD 6.8 billion.

  • LIC invested Rs 40,000 crore in equities in FY17 May 16, 2017 08:12 PM IST

    LIC invested Rs 40,000 crore in equities in FY17

    LIC Chairman VK Sharma said that the company will adhere to the norm of having 20 percent of total investable corpus under equities.

  • Irdai asks LIC to trim holdings in companies to 15% or below Apr 30, 2017 04:00 PM IST

    Irdai asks LIC to trim holdings in companies to 15% or below

    Regulator Irdai has asked the life insurance behemoth LIC to prepare a roadmap to pare its stake to 15 per cent in firms where it breaches this ceiling

  • LIC's investment in ITC makes govt party to tobacco promotion: PIL Apr 27, 2017 06:22 PM IST

    LIC's investment in ITC makes govt party to tobacco promotion: PIL

    The World Health Organization tobacco treaty bars the government from investing in tobacco companies, alleges the petition.

  • LIC launches two Aadhaar based policies Apr 24, 2017 05:31 PM IST

    LIC launches two Aadhaar based policies

    Life insurance behemoth LIC has introduced two endowment assurance plans for individuals having Aadhaar card.

  • Group single premia boost life insurers' income by 26% in FY17 Apr 23, 2017 04:58 PM IST

    Group single premia boost life insurers' income by 26% in FY17

  • New life insurance premium grows 26% to Rs 1.75 lk cr in FY17 Apr 23, 2017 04:57 PM IST

    New life insurance premium grows 26% to Rs 1.75 lk cr in FY17

    Insurance companies had collected Rs 1,38,657.31 crore in 2015-16, according to data from the Insurance Regulatory and Development Authority of India (Irdai).

  • India Post Payments Bank to start selling MF, insurance products by March 2018 Apr 23, 2017 11:07 AM IST

    India Post Payments Bank to start selling MF, insurance products by March 2018

    As per RBI norms, Payments banks have to focus on providing basic financial services, including social security and utility bill payments, remittance functions, and can mobilise deposits of up to Rs 1 lakh.

  • LIC may not trim stake in legacy investments below 15% as no word has come from IRDAI Apr 21, 2017 04:27 PM IST

    LIC may not trim stake in legacy investments below 15% as no word has come from IRDAI

    The regulator allows insurers to hold only up to 15 percent stake in one company. Earlier this year, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.

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