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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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  • LIC Jeevan Sugam Vs tax-free bonds: What's best for you? Mar 15, 2013 04:00 PM IST

    LIC Jeevan Sugam Vs tax-free bonds: What's best for you?

    In an interview to CNBC-TV18, personal finance expert, Harshvardhan Roongta of Roongta Securities discussed about Life Insurance Corporation of India's new product Jeevan Sugam.

  • New insurance norms to hurt investments Mar 11, 2013 10:23 PM IST

    New insurance norms to hurt investments

    New insurance regulator TS Vijayan gives the sector no reason to party, companies are up in arms, they say that the new guidelines for insurance products threaten to hurt an already bleeding industry.

  • DIIs to blame for midcap carnage: IIFL's Nirmal Jain Mar 05, 2013 11:51 AM IST

    DIIs to blame for midcap carnage: IIFL's Nirmal Jain

    Lack of retail participation and continuous selling by domestic institutional investors (DIIs) remains the key concern for Indian market, believes Nirmal Jain, chairman-IIFL.

  • LIC exposure issue: A matter of legal interpretation Feb 18, 2013 09:09 PM IST

    LIC exposure issue: A matter of legal interpretation

    Insurance Regulatory and Development Authority (IRDA) today said the government's recent move to allow LIC to own up to 30 per cent in a listed company is a matter of legal interpretation. "The issue is a matter of legal interpretation.

  • Focus on recoveries, may look to LIC for capital: IOB's CMD Feb 13, 2013 08:06 AM IST

    Focus on recoveries, may look to LIC for capital: IOB's CMD

    Rising pile of non-performing assets coupled with low base of equity capital has cramped growth for state-owned Indian Overseas Bank. Not surprisingly, investors have been could-shouldering the stock for a while now. Over the last year, IOB shares shrank nearly 23% as against a rise of about 18% in the Bankex.

  • GIC of Singapore picks up NTPC shares worth Rs 1,000 cr Feb 08, 2013 05:40 PM IST

    GIC of Singapore picks up NTPC shares worth Rs 1,000 cr

    Sovereign wealth fund GIC of Singapore has cornered shares worth Rs 1,000 crore in NTPC divestment in which foreign funds bought almost 45 per cent of shares put on sale.

  • Demoralised but not giving up yet, says Samir Arora Feb 07, 2013 10:53 AM IST

    Demoralised but not giving up yet, says Samir Arora

    The price action for the last few trading session has been depressing and most investors are feeling a bit demoralised, says Samir Arora, fund manager at Helios Capital.

  • NTPC OFS: Insurance cos could lend support says Tulsian Feb 06, 2013 05:37 PM IST

    NTPC OFS: Insurance cos could lend support says Tulsian

    SP Tulsian, sptulsian.com says that although the OFS floor price seems to be set at a discount to the CMP, the price seems to be a bit aggressive. He does not think there will be good response from the Foreign Institutional Investors (FIIs).

  • Profit-taking, PSU divestment sucking mkt liquidity: Vijay Feb 04, 2013 09:30 AM IST

    Profit-taking, PSU divestment sucking mkt liquidity: Vijay

    In an interview to CNBC-TV18 portfolio manager PN Vijay shared reading and outlook on the market.

  • LIC cuts stake in 27 Nifty cos; sells shares worth Rs 8k cr Feb 03, 2013 12:12 PM IST

    LIC cuts stake in 27 Nifty cos; sells shares worth Rs 8k cr

    State-run insurance giant LIC has lowered its holdings in as many as 27 of the 50 blue-chip firms forming the market benchmark index Nifty, while selling shares worth an estimated Rs 8,000 crore.

  • Strong response to QIP; NTPC may rise 30%: Axis Cap Jan 29, 2013 11:38 AM IST

    Strong response to QIP; NTPC may rise 30%: Axis Cap

    Manish Chokhani, MD & CEO, Axis Capital and Dharmesh Mehta, MD-institutional equities, Axis Capital explain in a discussion on CNBC-TV18 that there been a very strong response to the Axis Bank QIP whose price was set at Rs 1,390 per share. The QIP witnessed participation from most of the major long-only investors and pension funds.

  • LIC Nomura MF aims to touch Rs 10,000-cr AUM by fiscal end Jan 24, 2013 09:40 PM IST

    LIC Nomura MF aims to touch Rs 10,000-cr AUM by fiscal end

    LIC Nomura Mutual Fund aims to reach average assets under management (AUM) mark of Rs 10,000 crore by the end of current fiscal with growth coming in from open-ended tax-saving scheme along with other funds.

  • Expect to invest over Rs 20,000cr in equities in Q4: LIC Jan 22, 2013 12:05 PM IST

    Expect to invest over Rs 20,000cr in equities in Q4: LIC

    Over the last few months, there have been reports of domestic institutional selling in the market. However, S Sarkar, Managing Director of LIC said they have been net buyers in the equity market in 2012 and they are not selling into the rally.

  • IIFCL gets Sebi approval for $1 bn IDF Jan 16, 2013 05:48 PM IST

    IIFCL gets Sebi approval for $1 bn IDF

    State-owned India Infrastructure Finance Company Ltd (IIFCL) today said it has got Sebi nod for floating USD 1 billion (about Rs 5,000 crore) infrastructure debt fund (IDF), which will be operational in a month.

  • Institutional holding in RIL rises to 7-year high Jan 11, 2013 05:34 PM IST

    Institutional holding in RIL rises to 7-year high

    Institutional investors have hiked their holding in Reliance Industries Ltd to nearly 29 per cent - highest in about 7 years - as LIC and foreign funds stocked up shares worth Rs 1,000 crore in the last quarter.

  • See Nifty at 6100 before RBI policy; buy on dips: VK Sharma Jan 10, 2013 09:58 AM IST

    See Nifty at 6100 before RBI policy; buy on dips: VK Sharma

    In an interview to CNBC-TV18 VK Sharma of HDFC Securities shared reading and outlook on the futures and options market.

  • LIC ups Infy's stake by over 2%, buys shares worth Rs 3k cr Jan 09, 2013 12:47 PM IST

    LIC ups Infy's stake by over 2%, buys shares worth Rs 3k cr

    State-run insurer LIC has hiked its stake in Infosys to 7.24 per cent, raising its holding in the IT major for third straight quarter with an estimated purchase of shares worth over Rs 3,000 crore.

  • LIC picked up half of Hind Copper shares on offer Jan 08, 2013 09:40 PM IST

    LIC picked up half of Hind Copper shares on offer

    State-run LIC picked up nearly half of Hindustan Copper's shares put on offer for sale in November last year, stock exchange data revealed. LIC picked up 2.25 crore shares, or 2.43 per cent stake, of the total 5.16 crore shares put on offer. The Hindustan Copper FPO marked the government's disinvestment process for the current fiscal.

  • Govt to notify 30% investment ceiling norm for LIC soon Jan 03, 2013 09:15 PM IST

    Govt to notify 30% investment ceiling norm for LIC soon

    Against the backdrop of its disinvestment plan, the government will soon come out with a notification allowing LIC to invest up to 30 per cent of its funds in listed as well as non-listed companies.

  • LIC trims stake in Tata Global Beverages to 7.63 percent Dec 31, 2012 07:54 PM IST

    LIC trims stake in Tata Global Beverages to 7.63 percent

    State-run Life Insurance Corporation (LIC) has reduced its stake in Tata Global Beverages Ltd to little over 7 per cent by offloading shares over a period of four months.

  • Does your insurance policy best suit your needs? Dec 12, 2012 03:11 PM IST

    Does your insurance policy best suit your needs?

    In an interview to CNBC-TV18 Hemant Rustagi, Wiseinvest Advisors shared his reading and outlook on various policies/plans offered by Life Insurance Corporation of India (LIC).

  • See no major upside for Nifty, Sensex now: Angel Broking Dec 10, 2012 10:01 AM IST

    See no major upside for Nifty, Sensex now: Angel Broking

    In an interview to CNBC-TV18 Rajen Shah, chief investment officer CIO, Angel Broking shared reading and outlook on the Indian equity market. He expects both the Sensex and the Nifty to move in small range, but suggests focusing on broader market. "Sensex would be in this range of 19,000-20,000," he added.

  • Punjab & Sind Bank has target of Rs 100: Tater Dec 04, 2012 10:22 AM IST

    Punjab & Sind Bank has target of Rs 100: Tater

    Punjab & Sind Bank has target of Rs 100 from short-term perspective and at Rs 125 the stock would be fully priced, so almost 80-90 percent upside even from current levels, says Aashish Tater, Head of Research, Fortunewizard.com.

  • ICICI Pru's premium collection rises 7 pc in Apr-Oct Nov 27, 2012 08:37 PM IST

    ICICI Pru's premium collection rises 7 pc in Apr-Oct

    Bucking the industry trend, ICICI Prudential Life Insurance has reported 7 per cent increase in premium collection in the April-October period.

  • Assocham asks for bailout for Kingfisher after AI decision Nov 26, 2012 05:39 PM IST

    Assocham asks for bailout for Kingfisher after AI decision

    Industry body Assohcam today suggested a bailout for the grounded Kingfisher Airlines following the government's decision to rescue the ailing national carrier Air India, saying there is no difference in the financial woes of both the airlines.

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