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  • Life Insurance Corp: Is the government saving the best for last? Feb 28, 2017 07:00 PM IST

    Life Insurance Corp: Is the government saving the best for last?

    Thanks to the favourable demographics, Indian insurance sector is in a sweet spot and the markets should closely watch India's largest insurer LIC.

  • LIC agents to go digital; to get PoS for premium collection Feb 27, 2017 08:00 PM IST

    LIC agents to go digital; to get PoS for premium collection

    "As part of the strategy for the less cash economy, LIC is also gearing up for providing PoS machines to its few lakhs active agents initially so that premium collection can be done in digitally," a senior official said.

  • LIC's total premium income up 12% in nine months of FY17 Feb 27, 2017 07:24 PM IST

    LIC's total premium income up 12% in nine months of FY17

    LIC posted a robust growth of 12.43 percent in the total premium income at Rs 1.45 trillion for the first nine months of the current fiscal ended December 31, 2016 from Rs 1.29 trillion in the corresponding period a year ago.

  • Move to invest in equities over & beyond limit an exception: LIC Feb 27, 2017 05:57 PM IST

    Move to invest in equities over & beyond limit an exception: LIC

    Earlier this month, 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.

  • LIC profits soar to Rs 16,000 cr in first 9 months of FY17 Feb 27, 2017 04:48 PM IST

    LIC profits soar to Rs 16,000 cr in first 9 months of FY17

    V K Sharma, chairman, LIC said that they are a contrarian player in the markets. He added that equity usually forms 12 percent of their total investable assets.

  • SBI Life to consider launching IPO in next financial year Feb 27, 2017 02:27 PM IST

    SBI Life to consider launching IPO in next financial year

    Speaking to CNBC-TV18, Arijit Basu, MD & CEO of SBI Life, said that BNP Paribas Cardif, which owns 26 percent in the company, had decided not to increase its stake in the joint venture.

  • COMMENT: Axis Bank suitor list grows, but Kotak unlikely to overpay Feb 22, 2017 03:58 PM IST

    COMMENT: Axis Bank suitor list grows, but Kotak unlikely to overpay

    From the only eligible reported proposal of a Kotak Bank, the list has now widened to include other big names like ICICI Bank, HDFC Bank and HDFC. There could be some over-ambitious mid-sized players also queueing up over the next few weeks.

  • Proposal to appoint mentors for insurance agents yet to take off Feb 16, 2017 03:34 PM IST

    Proposal to appoint mentors for insurance agents yet to take off

    The proposal to have mentors for insurance agents is still to be implemented in the sector. While agent numbers continue to dwindle, plans to help them stay longer in the industry have been short-lived.

  • Life insurers' new business premium up 28% in January Feb 13, 2017 09:02 AM IST

    Life insurers' new business premium up 28% in January

    The new business, or the first-year premium of life insurance companies, stood at Rs 10,283.89 crore in January 2016.

  • LIC's stake in Infosys rises to 7.02% Feb 11, 2017 06:24 PM IST

    LIC's stake in Infosys rises to 7.02%

    Life Insurance Corporation of India (LIC) said it has acquired an additional 2 percent stake in Infosys in over three years ending February 2017.

  • Hemant Bhargava appointed LIC Managing Director Feb 10, 2017 12:37 PM IST

    Hemant Bhargava appointed LIC Managing Director

    LIC already has Usha Sangwan as its managing director and Bhargava will join her as the second MD

  • Hemant Bhargava appointed Life Insurance Corporation's MD Feb 10, 2017 11:56 AM IST

    Hemant Bhargava appointed Life Insurance Corporation's MD

    The Appointments Committee of Cabinet has approved Bhargava's appointment to the post till his superannuation, i.e., July 31, 2019, an order issued by Personnel Ministry said.

  • Life insurance companies start Q4 with a bang Feb 09, 2017 04:19 PM IST

    Life insurance companies start Q4 with a bang

    According to data from the Life Insurance Council, companies have posted a 35 percent growth in their first year premiums on a year-on-year basis.

  • Can ITC stake sale by SUUTI be termed divestment? Feb 09, 2017 11:07 AM IST

    Can ITC stake sale by SUUTI be termed divestment?

    Speaking to Moneycontrol, JN Gupta, Co-founder and MD of proxy advisory firm Stakeholders Empowerment Services (SES) said that in real sense, one arm of the government is the seller and other is the buyer, so at best it a resource [mobilisation] exercise by the government."

  • Insurance agents to get higher fees from your policy premiums Feb 08, 2017 10:27 AM IST

    Insurance agents to get higher fees from your policy premiums

    The insurance regulator has made changes in the commission structure that will offer insurance agents remuneration at the rate of 40 percent of the first-year premium for pure risk policies.

  • UCO Bank requests LIC to invest Rs 1,000 cr via Tier-2 bonds Feb 06, 2017 03:17 PM IST

    UCO Bank requests LIC to invest Rs 1,000 cr via Tier-2 bonds

    State-run UCO Bank has written to LIC requesting it to invest Rs 1,000 crore in Tier-2 bonds of the bank, a source told Moneycontrol

  • Union Budget 2017-18: LIC to offer 8% return in pension scheme for senior citizens Feb 01, 2017 02:55 PM IST

    Union Budget 2017-18: LIC to offer 8% return in pension scheme for senior citizens

    This will be annual guaranteed return for all above 60 years of age

  • Banks' share in insurance sales jumps even as agents drop out Jan 30, 2017 06:04 PM IST

    Banks' share in insurance sales jumps even as agents drop out

    A majority of private life insurers, either have banks as promoters or as partners which gives them an almost exclusive access to their entire branch network.

  • CPSE ETF oversubscribed 2-times, gets bids worth Rs 12,000 cr Jan 20, 2017 07:58 PM IST

    CPSE ETF oversubscribed 2-times, gets bids worth Rs 12,000 cr

    The second tranche sale of government's exchange traded fund (ETF) of top 10 state-owned companies saw bids worth Rs 12,000 crore from investors, which is twice the amount sought to be raised.

  • Why insurers are uncomfortable with IRDAI diktat on disclosures Jan 20, 2017 02:38 PM IST

    Why insurers are uncomfortable with IRDAI diktat on disclosures

    Even when voting decisions are put forward, large insurers take a neutral stand and abstain from voting or vote for the management. These activities will now have to be declared publicly along with reasons for it

  • Disclose voting decisions in invested cos: IRDAI to insurers Jan 19, 2017 07:51 PM IST

    Disclose voting decisions in invested cos: IRDAI to insurers

    This move will make insurance company disclose all their activity in invested companies with reasons for any decision

  • Here is why SP Tulsian is positive on Federal Bank Jan 18, 2017 05:45 PM IST

    Here is why SP Tulsian is positive on Federal Bank

    In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.

  • Reliance MF CPSE ETF issue gets oversubscribed by four times Jan 17, 2017 07:28 PM IST

    Reliance MF CPSE ETF issue gets oversubscribed by four times

    Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.

  • Life insurers 2016-17 product tally passes 70; ULIPs falter Jan 10, 2017 02:58 PM IST

    Life insurers 2016-17 product tally passes 70; ULIPs falter

    The current financial year has already seen 72 new products being developed in the life insurance industry, according to the country‘s insurance regulator.

  • LIC to cut FY17 equity investment to Rs 50k cr, eye fixed income Jan 09, 2017 11:34 AM IST

    LIC to cut FY17 equity investment to Rs 50k cr, eye fixed income

    Sources familiar with the life insurer's plans told Mint that due to lack of opportunities in a weak equity market, LIC will invest the surplus money earned from premiums in fixed income papers instead of stocks.

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