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  • New bank-insurer tie-ups delayed Jan 05, 2017 01:57 PM IST

    New bank-insurer tie-ups delayed

    Distribution remains a key challenge for insurers as leading banks are yet to warm up to the idea of selling more than one insurer‘s product

  • Challenges aplenty for new accounting norms in insurance Jan 04, 2017 06:39 PM IST

    Challenges aplenty for new accounting norms in insurance

    “All the linked products (unit linked products and variable insurance products) and all the non-linked products (including variable insurance products classified as non-linked products) are recommended not to be unbundled,” the report said.

  • Insurers play safe with G-Sec bet; ULIP inflows fall further  Dec 27, 2016 02:51 PM IST

    Insurers play safe with G-Sec bet; ULIP inflows fall further 

    Insurance companies have chosen to invest heavily in government securities, even as IRDAI has permitted investments in new instruments

  • Aadhar cards with DoB can be used as age proof for passport Dec 24, 2016 03:36 PM IST

    Aadhar cards with DoB can be used as age proof for passport

    Sadhus and sanyasis can now mention names of their spiritual gurus instead of biological parents under new passport rules announced here today which also eliminate the mandatory requirement of the birth certificate as the proof of date of birth (DOB).

  • No estimation of black money either before or after Nov 8: FM Dec 16, 2016 04:58 PM IST

    No estimation of black money either before or after Nov 8: FM

    There is no official estimation of black money either before or after November 8 -- the day government announced scrapping of old Rs 500 and Rs 1,000 notes, Finance Minister Arun Jaitley said today.

  • V K Sharma appointed LIC chief for 5 years Dec 14, 2016 08:18 PM IST

    V K Sharma appointed LIC chief for 5 years

    Government today appointed V K Sharma as the Chairman of state-owned behemoth Life Insurance Corporation (LIC) for five years.

  • LIC bucks demonetisation blues, new biz growth doubles in Nov Dec 13, 2016 06:20 PM IST

    LIC bucks demonetisation blues, new biz growth doubles in Nov

    Data from the Life Insurance Council, the industry body for the life insurance companies, showed LIC‘s new premiums saw a 140 percent jump on a year-on-year basis with the insurer collecting Rs 12,528.07 crore as new premium.

  • Most FIIs opt for part-exit in NSE via IPO Dec 06, 2016 08:58 AM IST

    Most FIIs opt for part-exit in NSE via IPO

    LIC, the largest shareholder of the stock exchange, will not be selling its stake. The top contributors for the IPO are three FIIs (Foreign Institutional Investors).

  • Jeevan Akshay drives LIC's Nov sales by over 4-fold Dec 05, 2016 08:42 PM IST

    Jeevan Akshay drives LIC's Nov sales by over 4-fold

    Life Insurance Corporation registered total premium income of Rs 7,200 crore in November, up from Rs 1,740 crore a year ago, thus showing a growth of more than 300 per cent on year-on-year basis, a senior LIC official told PTI today.

  • FinMin working to converge all insurance schemes for weavers Dec 02, 2016 02:14 PM IST

    FinMin working to converge all insurance schemes for weavers

    MGBBY, the insurance scheme for coverage of handloom weavers is being implemented by the Office of Development Commissioner for Handloom through the LIC, she said.

  • LIC preps up to vote in Tata EGMs called for Mistry's removal Nov 30, 2016 09:47 AM IST

    LIC preps up to vote in Tata EGMs called for Mistry's removal

    LIC's board members will hold a separate discussion to look in to and verify the claims made by Tata Sons for Mistry's removal in each group company and analyse the performance of these companies during his tenure, reports Mint.

  • UCO Bank raises Rs 270 crore via preference shares to LIC Nov 29, 2016 09:26 PM IST

    UCO Bank raises Rs 270 crore via preference shares to LIC

    Public sector UCO Bank has raised Rs 270.59 crore by issuing over 7 crore shares to LIC on preferential basis.

  • Central Bank to raise Rs 157 cr by issuing shares to LIC Nov 29, 2016 07:40 PM IST

    Central Bank to raise Rs 157 cr by issuing shares to LIC

    The public sector lender will create, offer, issue and allot up to 1,71,44,954 equity shares of to Life Insurance Corporation of India for cash aggregating up to Rs 156.79 crore, Central Bank said in a regulatory filing.

  • NHAI raises Rs 10,000 cr from EPFO; LIC to invest Rs 8,500 cr Nov 24, 2016 03:36 PM IST

    NHAI raises Rs 10,000 cr from EPFO; LIC to invest Rs 8,500 cr

    NHAI in the current fiscal has raised Rs 10,000 crore through taxable bonds of Employees Provident Fund Organisation (EPFO), data presented by Minister of State for Road Transport and Highways P Radhakrishnan in Lok Sabha showed.

  • The name Tata may sway minority shareholders: HP Ranina Nov 15, 2016 06:05 PM IST

    The name Tata may sway minority shareholders: HP Ranina

    In conversation with CNBC-TV18, HP Ranina, corporate lawyer, says that LIC's investment committee will look at both sides and then take a decision. As there is no clarity, the committee will abstain from voting.

  • LIC may back Tata Sons while voting at Tata co EGMs: Srcs Nov 15, 2016 04:25 PM IST

    LIC may back Tata Sons while voting at Tata co EGMs: Srcs

    Sources tell CNBC-TV18 LIC may back Tata Sons while voting at some Tata Group companies' EGM. LIC will be extra sensitive while voting in the case of highly leveraged companies.

  • LIC may back Tata Sons while voting in some Tata Grp Co EGMs Nov 15, 2016 03:49 PM IST

    LIC may back Tata Sons while voting in some Tata Grp Co EGMs

    CNBC-TV18 learns from sources that LIC is considering backing Tata Sons while voting at some Tata Group Company's extraordinary general meeting (EGMs).

  • MFs get into a huddle for collective call on Tata-Mistry war Nov 13, 2016 03:12 PM IST

    MFs get into a huddle for collective call on Tata-Mistry war

    To safeguard the investors' interest, the fund houses are keeping a close watch on the developments and are looking to take a collective call on the resolutions to be moved at shareholder meetings of various listed Tata firms.

  • Sebi re-constitutes panel on corporate bond market Nov 11, 2016 05:30 PM IST

    Sebi re-constitutes panel on corporate bond market

    Markets regulator Sebi today re- constituted its committee that suggests roadmap for developing corporate bond market in the country.

  • UCO Bank to raise Rs 270 cr via preferential shares to LIC Nov 07, 2016 02:04 PM IST

    UCO Bank to raise Rs 270 cr via preferential shares to LIC

    At extraordinary general meeting of the state-owned bank held on Saturday, shareholders approved issuing 7,17,00,000 equity shares to Life Insurance Corporation of India (LIC) at an issue price of Rs 37.74 per share, UCO said in a regulatory filing.

  • Finmin asks banks,LIC to keep watch on Tata group developments Nov 06, 2016 03:02 PM IST

    Finmin asks banks,LIC to keep watch on Tata group developments

    Safeguarding depositors' interest is paramount, they said, adding that as investors, banks and financial institutions are keeping a close watch on various developments taking place post the ouster of Cyrus Mistry as chairman of Tata Sons.

  • LIC trimmed stake in Tata Group cos with Cyrus Mistry at helm Nov 03, 2016 08:43 AM IST

    LIC trimmed stake in Tata Group cos with Cyrus Mistry at helm

    Tata Elxsi (526 bps), Tata Communications (412 bps) and Indian Hotels (401 bps) figure among the companies that have witnessed a sharp selling by LIC.

  • Govt keeping close watch on Tata-Mistry row: Arjun Ram Meghwal Nov 02, 2016 02:04 PM IST

    Govt keeping close watch on Tata-Mistry row: Arjun Ram Meghwal

    The government, said Meghwal, who is also incharge of the Ministry of Corporate Affairs (MCA) - where corporate disputes eventually land up, will steer clear of the row as "it is an internal affair of Tata Sons".

  • Mutual funds' portfolio value in equities beat LIC's share Nov 02, 2016 12:07 PM IST

    Mutual funds' portfolio value in equities beat LIC's share

    As on end of September quarter, the total value of mutual fund equity portfolio in listed firms stood at Rs. 4.94 lakh crore as against Rs.4.75 lakh crore held by LIC, shows a data collated by PRIME Database.

  • LIC to infuse capital in Central Bank of India Oct 28, 2016 07:42 AM IST

    LIC to infuse capital in Central Bank of India

    The board of directors of the bank at a meeting held approved raising of additional equity share capital by issuing and allotting shares to LIC, Central Bank said in a regulatory filing.

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