Jan 05, 2017 01:57 PM IST
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
- Jan 04, 2017 06:39 PM IST
â€œAll 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,â€ the report said.
- Dec 27, 2016 02:51 PM IST
Insurance companies have chosen to invest heavily in government securities, even as IRDAI has permitted investments in new instruments
- Dec 24, 2016 03:36 PM IST
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).
- Dec 16, 2016 04:58 PM IST
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.
- Dec 14, 2016 08:18 PM IST
Government today appointed V K Sharma as the Chairman of state-owned behemoth Life Insurance Corporation (LIC) for five years.
- Dec 13, 2016 06:20 PM IST
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.
- Dec 06, 2016 08:58 AM IST
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).
- Dec 05, 2016 08:42 PM IST
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.
- Dec 02, 2016 02:14 PM IST
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.
- Nov 30, 2016 09:47 AM IST
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.
- Nov 29, 2016 09:26 PM IST
Public sector UCO Bank has raised
Rs 270.59 crore by issuing over 7 crore shares to LIC on
- Nov 29, 2016 07:40 PM IST
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.
- Nov 24, 2016 03:36 PM IST
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.
- Nov 15, 2016 06:05 PM IST
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.
- Nov 15, 2016 04:25 PM IST
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.
- Nov 15, 2016 03:49 PM IST
CNBC-TV18 learns from sources that LIC is considering backing Tata Sons while voting at some Tata Group Company's extraordinary general meeting (EGMs).
- Nov 13, 2016 03:12 PM IST
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.
- Nov 11, 2016 05:30 PM IST
Markets regulator Sebi today re- constituted its committee that suggests roadmap for developing corporate bond market in the country.
- Nov 07, 2016 02:04 PM IST
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.
- Nov 06, 2016 03:02 PM IST
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.
- Nov 03, 2016 08:43 AM IST
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.
- Nov 02, 2016 02:04 PM IST
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".
- Nov 02, 2016 12:07 PM IST
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.
- Oct 28, 2016 07:42 AM IST
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.