Sep 25, 2020 08:38 PM IST
Since they have been classified as systematically important insurers, LIC, GIC Re and New India Assurance will be subject to enhanced regulatory supervision
- Sep 16, 2020 10:24 PM IST
The PSU insurance behemoth witnessed a surge in online premium collections, Kumar said.
- Sep 08, 2020 08:25 PM IST
LIC saw a 15.2 percent YoY growth to Rs 19,714.21 crore, while private life insurers saw 13.7 percent YoY growth to Rs 7,325.6 crore
- Aug 31, 2020 10:22 PM IST
During 2019-20, LIC registered a growth of 25.17 percent in its 'New Business' in terms of first year premium.
- Aug 25, 2020 10:27 AM IST
Reports say the government is considering a stake sale of 8-10 per cent in LIC, which would help it raise around Rs 90,000 crore
- Aug 14, 2020 07:20 PM IST
The regulator amended the mutual fund regulations in March 2018, wherein a shareholder or a sponsor owning at least 10 percent stake in an AMC is not allowed to have 10 percent or more stake in another mutual fund house operating in the country.
- Aug 12, 2020 06:56 PM IST
IDBI Bank is selling 27 percent stake in IDBI Federal Life Insurance for Rs 595 crore to Federal Bank and Belgium's Ageas Insurance International
- Aug 05, 2020 01:52 PM IST
LIC has a balance sheet of Rs 31.2 lakh crore and its investments and downgrades will be under closer scrutiny ahead of its IPO.
- Jul 31, 2020 06:27 PM IST
Edelweiss has voluntarily opted out of the process following concerns raised by the government on a potential conflict of interest scenario due to its existing life insurance joint venture with Tokio Marine.
- Jul 29, 2020 09:11 PM IST
Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand who are these pre-IPO advisors and why the listing is a big deal
- Jul 28, 2020 09:42 PM IST
The scope of the mandate includes advising the Centre on the modalities of the IPO and the timing, and arriving at an optimal capital structure.
- Jul 07, 2020 09:42 AM IST
Death, survival benefit and maturity claims, revival of policies and annuity plan procedures, including existence certificates can be submitted online
- Jun 29, 2020 10:07 PM IST
The proposal relating to the appointment of Kumar as the additional non-executive (nominee) director of the bank will be subject to the approval of shareholders at the 26th Annual General Meeting, Axis Bank said in a regulatory filing.
- Jun 23, 2020 09:26 AM IST
Life Insurance Corporation of India's equity holdings value in FY20 fell to Rs 4.1 lakh crore compared to Rs 6.13 lakh crore at the end of FY19 due to stock market volatility.
- Jun 18, 2020 11:12 AM IST
LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market
- May 31, 2020 04:07 PM IST
The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.
- Apr 13, 2020 02:59 PM IST
Policyholders can visit LIC's website for services like premium payment, buying policy online and other services.
- Apr 11, 2020 07:15 PM IST
LIC's policyholders can pay premiums through LIC's digital payment options without any service charge. It also informed that policyholders do not need to register on the website for paying premium but can directly pay by giving basic details.
- Mar 24, 2020 01:59 PM IST
While LIC has suffered heavy losses due to the market crash, its asset size is adequate. The insurance behemoth has also met this year's equity profit target of Rs 24,000 cr.
- Mar 06, 2020 07:16 PM IST
Moneycontrol's Sakshi Batra explains everything you need to know about the ongoing crisis at the bank and what investors should do.
- Mar 06, 2020 06:02 PM IST
LIC had exposure of Rs 8,051 crore in Yes Bank papers under its unit-linked, life and pension funds. But it has a large asset base to overcome any payment default.
- Mar 06, 2020 01:58 PM IST
The one-month moratorium complete with a withdrawal ceiling of Rs 50,000 per account can at best be described as a band-aid to stem a cerebral haemorrhage.
- Mar 06, 2020 08:51 AM IST
Depositors will be protected, but businesses and investors will be hurt
- Mar 03, 2020 08:03 PM IST
In a written reply to a query in the Rajya Sabha, the minister said that listing of companies on stock exchanges disciplines a company and provides access to financial markets and unlocks its value.
- Feb 26, 2020 09:26 AM IST
While net NPA stayed constant at 0.36 percent, the insurer has provided for doubtful debts