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The Life Insurance Corporation of India (LIC) is India’s largest state-owned, public insurance and investment entity, that came into being on 1st September, 1956, after merging over 245 societies and companies in this space. With an extensive rural and urban presence, LIC singularly commands a mammoth 69 percent stake in the Indian insurance industry. The company offers a wide range of insurance plans, namely life insurance, term insurance, endowment plans, insurance riders and more. The government i.e. the Ministry of Finance currently holds about 100 percent of the entity, but there have been deliberations of selling about 10 percent of its stake in LIC, in a phased manner, through IPO (Initial Public Offer). Once listed on a public exchange, LIC will have a market capitalization of nearly Rs 8-10 crore. The extensive network of LIC agents can be estimated from the fact that as on 31st March, 2021, the company had almost 13 lakh agents, as compared to around 11 lakh agents for over 20 combined private life insurers. Currently, as per its recent annual reports, LIC has around 2,048 branches across the country, while also having presence in the mutual funds, pension funds and the housing finance space as well. More

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635 Results Found
  • No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday Jun 22, 2016 08:50 AM IST

    No Rexit impact? Foreign funds took out Rs 2,837 cr on Monday

    Life Insurance Corp, one of the most active institutional investors, is believed to have pumped in Rs 99 crore to purchase shares of 6-7 bluechip firms, while mutual funds also turned heavy buyers with a net purchase of shares worth Rs 459 crore and debt securities worth Rs 1,215 crore during the day.

  • No Rexit impact? Foreign funds took out Rs 2,837 cr on June 20 Jun 21, 2016 09:32 PM IST

    No Rexit impact? Foreign funds took out Rs 2,837 cr on June 20

    Domestic institutions including state-run behemoth LIC saved the day for Indian markets on June 20, as overseas investors pressed sell-button amid 'Rexit' jitters to take out over Rs 2,837 crore from Indian markets -- the highest single-day outflow so far this fiscal

  • LIC willing to be partner in NIIF: Chairman S K Roy Jun 15, 2016 03:46 PM IST

    LIC willing to be partner in NIIF: Chairman S K Roy

    "LIC has enough funds to invest in NIIF. LIC's core focus is infrastructure investment. There is no problem in investment quantum," LIC Chairman S K Roy said.

  • Market ignoring 'excellent' retail franchise of ICICI: Investec Jun 09, 2016 12:37 PM IST

    Market ignoring 'excellent' retail franchise of ICICI: Investec

    PSU bank stocks have witnessed a surprising growth this week. Kochhar says, that if there is help from the government to help them with stressful assets like in the case of IDBI Bank, the PSU bank stocks will continue seeing improvement.

  • New premium of life insurers up 51% in Apr at Rs 7,972 cr Jun 01, 2016 07:44 PM IST

    New premium of life insurers up 51% in Apr at Rs 7,972 cr

    The new premium collection of life insurers rose by over 51 percent to Rs 7,972.54 crore in April this year

  • RBI lets Axis Bank raise foreign shareholding to up to 62 pc May 31, 2016 07:40 PM IST

    RBI lets Axis Bank raise foreign shareholding to up to 62 pc

    RBI said total foreign investment from all sources in the bank shall not exceed 62 per cent of the paid-up capital.

  • Absence of pro-competition policy promotes crony capitalism:FM May 20, 2016 09:02 PM IST

    Absence of pro-competition policy promotes crony capitalism:FM

    Pitching for more competition, Finance Minister Arun Jaitley cautioned that pro-business environment without "pro-competition" policies can result in dangerous consequences, including crony capitalism

  • LIC eyes doubling policy sales at 4 cr; to hire 2 lakh agents May 18, 2016 03:58 PM IST

    LIC eyes doubling policy sales at 4 cr; to hire 2 lakh agents

    In individual single premium business, LIC's market share stood at over 80 percent in fiscal 2015-16, whereas in group single premium, the market share was more than 85 percent.

  • LIC's Gulf arm tops overseas chart, chips in with 80 pc income May 15, 2016 01:16 PM IST

    LIC's Gulf arm tops overseas chart, chips in with 80 pc income

    LIC has had a good run in the Gulf countries with its Bahrain-based arm LIC International that manages the GCC markets becoming the best among its eight international subsidiaries in terms of new business premium collection in 2015.

  • LIC to infuse Rs 57 cr into Allahabad Bank Apr 18, 2016 09:16 PM IST

    LIC to infuse Rs 57 cr into Allahabad Bank

    "Life Insurance Corporation (LIC) has agreed to subscribe up to 1,32,44,282 equity shares of the bank on preferential basis subject to their shareholding restricted to 14.50 per cent of the post issue share capital of the Bank," it said in the regulatory filing.

  • After tepid growth, new plans boost LIC's fresh premium income Apr 11, 2016 10:04 PM IST

    After tepid growth, new plans boost LIC's fresh premium income

    Among the new products launched by LIC in 2015-16, it collected Rs 11,000 crore from Jeewan Labh, whereas another scheme Jeewan Shikhar helped it mop up Rs 2,000 crore during the last fiscal, the official said.

  • LIC clocks Rs 11000 cr profit through equity investments in FY16 Apr 07, 2016 06:22 PM IST

    LIC clocks Rs 11000 cr profit through equity investments in FY16

    Kutumbe said that having announced a target of investing up to Rs 1.5 lakh crore to help the Railways, LIC has loaned Rs 7,000 crore to it in 2015-16 and scale it up as Railways comes up with its needs.

  • CCI approves Nomura's 35 pc stake sale in LIC Nomura MF Apr 07, 2016 05:36 PM IST

    CCI approves Nomura's 35 pc stake sale in LIC Nomura MF

    Under the deal, Nomura Asset Management Strategic Investments PTE will sell its stake in LIC Nomura Mutual Fund AMC and LIC Nomura Mutual Fund Trustee Company.

  • Unitech plans to raise Rs 500 cr from PE firms Apr 07, 2016 04:46 PM IST

    Unitech plans to raise Rs 500 cr from PE firms

    Unitech is in advanced stage of discussion with 2-3 private equity firms, including one from the Middle East, to raise funds, sources said. The company would use the amount raised to clear the dues of Life Insurance Corporation of India (LIC) and development of a new housing project in Noida, they added.

  • Stocks in news: MBL, MOIL, Hero, HCL Tech, Tata Motors, Infibeam Apr 04, 2016 08:01 AM IST

    Stocks in news: MBL, MOIL, Hero, HCL Tech, Tata Motors, Infibeam

    Tata Motors | Hero MotoCorp | Tata Steel | HCL Technologies | Geometric | ITC | Godfrey Phillips | VST Industries | IVRCL | Wabco India | Jubilant Foodworks | Infibeam | Godrej Consumer | SAIL | Nitco | Future Lifestyle and Simplex Castings are stocks, which are in the news today.

  • Stocks to watch: Tata Motors, Hero, HCL Tech, ITC, Infibeam Apr 02, 2016 12:33 PM IST

    Stocks to watch: Tata Motors, Hero, HCL Tech, ITC, Infibeam

    Tata Motors | Hero MotoCorp | Tata Steel | HCL Technologies | Geometric | ITC | Godfrey Phillips | VST Industries | IVRCL | Wabco India | Sanghi Industries | Jubilant Foodworks | Infibeam Incorporation | Godrej Consumer Products | SAIL | Nitco | Future Lifestyle and Simplex Castings are stocks, which will be in the news on Monday.

  • IDBI Bank sells 2% stake in NSE to LIC Mar 31, 2016 08:10 PM IST

    IDBI Bank sells 2% stake in NSE to LIC

    State-owned IDBI Bank today said it has sold 2 percent stake in National Stock Exchange to country's largest insurer LIC.

  • OBC raises Rs 178 cr from LIC Mar 31, 2016 12:54 PM IST

    OBC raises Rs 178 cr from LIC

    Public sector lender Oriental Bank of Commerce (OBC) today said it has raised over Rs 178 crore by issuing more then 2.15 crore shares to LIC on preferential basis.

  • IDBI Bank raises Rs 848 cr from LIC via preferential issue Mar 30, 2016 05:24 PM IST

    IDBI Bank raises Rs 848 cr from LIC via preferential issue

    IDBI Bank referred Sebi's approval letter dated March 29, 2016, whereby the market regulator accepted Bank's request to allot shares to LIC on preferential basis.

  • Dena Bank, Andhra Bank sell additional stake to LIC Mar 30, 2016 02:32 PM IST

    Dena Bank, Andhra Bank sell additional stake to LIC

    Post the acquisition of additional shares in Dena Bank, LIC's stake in the lender has gone up to 14.5 percent from 11.63 percent earlier, Dena Bank said in a regulatory filing today.

  • LIC ups stake in IDBI Bank to 14% after preferential issue Mar 29, 2016 09:04 AM IST

    LIC ups stake in IDBI Bank to 14% after preferential issue

    The allotment of shares is part of IDBI Bank's plan to offload government shareholding as part of privatisation move.

  • Govt trims stake in IDBI Bank, LIC shells out Rs 850 cr Mar 28, 2016 07:55 PM IST

    Govt trims stake in IDBI Bank, LIC shells out Rs 850 cr

    This move will effectively bringing down the government's holding in IDBI Bank from 80.2 percent to 74 percent.

  • Syndicate Bank to raise Rs 217 cr by share sale to LIC Mar 28, 2016 06:44 PM IST

    Syndicate Bank to raise Rs 217 cr by share sale to LIC

    Public sector lender Syndicate Bank will raise over Rs 217 crore by allotting preferential shares to LIC to shore up capital to meet Basel III norms.

  • LIC subscribes to KRCL bonds worth Rs 250 cr Mar 26, 2016 12:52 PM IST

    LIC subscribes to KRCL bonds worth Rs 250 cr

    The subscribed Konkan Railway Corporation bonds worth Rs 250 crore to enable LIC's key projects.

  • IDBI Bank gains 6% on stake sale buzz, to raise funds from LIC Mar 21, 2016 11:37 AM IST

    IDBI Bank gains 6% on stake sale buzz, to raise funds from LIC

    Finance Minister Arun Jaitley in his Union Budget speech in February said, "The process of transformation of IDBI Bank has already started. Government will take it forward and also consider the option of reducing its stake to below 50 percent."

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