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  • LIC, GIC Re and New India are systematically important insurers for 2020-21 Sep 25, 2020 08:38 PM IST

    LIC, GIC Re and New India are systematically important insurers for 2020-21

    Since they have been classified as systematically important insurers, LIC, GIC Re and New India Assurance will be subject to enhanced regulatory supervision

  • LIC of India made Rs 13,000 crore profit in equity until August this fiscal, says MD Raj Kumar Sep 16, 2020 10:24 PM IST

    LIC of India made Rs 13,000 crore profit in equity until August this fiscal, says MD Raj Kumar

    The PSU insurance behemoth witnessed a surge in online premium collections, Kumar said.

  • Signs of normalcy: Life insurers post 15% rise in new premiums in August Sep 08, 2020 08:25 PM IST

    Signs of normalcy: Life insurers post 15% rise in new premiums in August

    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

  • LIC sells record 2.19 crore new policies in FY20 Aug 31, 2020 10:22 PM IST

    LIC sells record 2.19 crore new policies in FY20

    During 2019-20, LIC registered a growth of 25.17 percent in its 'New Business' in terms of first year premium.

  • LIC holds the key to the Government’s approaching its divestment target this year Aug 25, 2020 10:27 AM IST

    LIC holds the key to the Government’s approaching its divestment target this year

    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

  • Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms Aug 14, 2020 07:20 PM IST

    Sebi fines SBI, LIC, Bank of Baroda for violating mutual fund norms

    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.

  • Need to find a bank distributor quickly to replace IDBI Bank sales, says IDBI Federal Life CEO Aug 12, 2020 06:56 PM IST

    Need to find a bank distributor quickly to replace IDBI Bank sales, says IDBI Federal Life CEO

    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

  • LIC’s gross NPA ratio in debt portfolio at record high of 8.17% at end of FY20 Aug 05, 2020 01:52 PM IST

    LIC’s gross NPA ratio in debt portfolio at record high of 8.17% at end of FY20

    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.

  • Edelweiss withdraws from LIC pre-IPO advisor selection over concerns of conflict of interest Jul 31, 2020 06:27 PM IST

    Edelweiss withdraws from LIC pre-IPO advisor selection over concerns of conflict of interest

    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.

  • 3-Point Analysis | With transaction advisors selected, LIC IPO set to launch Jul 29, 2020 09:11 PM IST

    3-Point Analysis | With transaction advisors selected, LIC IPO set to launch

    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

  • Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO Jul 28, 2020 09:42 PM IST

    Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO

    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.

  • COVID-19: LIC’s portal allows you to submit insurance claims online Jul 07, 2020 09:42 AM IST

    COVID-19: LIC’s portal allows you to submit insurance claims online

    Death, survival benefit and maturity claims, revival of policies and annuity plan procedures, including existence certificates can be submitted online

  • Axis Bank appoints LIC MD T C Suseel Kumar on its board Jun 29, 2020 10:07 PM IST

    Axis Bank appoints LIC MD T C Suseel Kumar on its board

    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.

  • Coronavirus impact? Value of LIC's equity holdings down by 33% in FY20 Jun 23, 2020 09:26 AM IST

    Coronavirus impact? Value of LIC's equity holdings down by 33% in FY20

    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.

  • Our term insurance premiums not costly, private firms’ rates were unsustainable: LIC Jun 18, 2020 11:12 AM IST

    Our term insurance premiums not costly, private firms’ rates were unsustainable: LIC

    LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market

  • COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed May 31, 2020 04:07 PM IST

    COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

    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.

  • Coronavirus impact | Check out LIC's announcements for policyholders Apr 13, 2020 02:59 PM IST

    Coronavirus impact | Check out LIC's announcements for policyholders

    Policyholders can visit LIC's website for services like premium payment, buying policy online and other services.

  • Coronavirus pandemic | LIC gives 30-days extension for premiums due in March, April Apr 11, 2020 07:15 PM IST

    Coronavirus pandemic | LIC gives 30-days extension for premiums due in March, April

    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.

  • Market crash | LIC equity holding takes a big blow. But it need not worry Mar 24, 2020 01:59 PM IST

    Market crash | LIC equity holding takes a big blow. But it need not worry

    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.

  • Explained I Yes Bank crisis: Here's what investors should do Mar 06, 2020 07:16 PM IST

    Explained I Yes Bank crisis: Here's what investors should do

    Moneycontrol's Sakshi Batra explains everything you need to know about the ongoing crisis at the bank and what investors should do.

  • Why LIC's high exposure to Yes Bank debt papers is not a cause for worry Mar 06, 2020 06:02 PM IST

    Why LIC's high exposure to Yes Bank debt papers is not a cause for worry

    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.

  • As Yes Bank bites the dust, SBI and LIC get ready for rescue mission Mar 06, 2020 01:58 PM IST

    As Yes Bank bites the dust, SBI and LIC get ready for rescue mission

    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.

  • Yes Bank falls like a ton of bricks, probably on SBI’s head Mar 06, 2020 08:51 AM IST

    Yes Bank falls like a ton of bricks, probably on SBI’s head

    Depositors will be protected, but businesses and investors will be hurt

  • Govt to retain management control in LIC after listing: Nirmala Sitharaman Mar 03, 2020 08:03 PM IST

    Govt to retain management control in LIC after listing: Nirmala Sitharaman

    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.

  • Gross NPAs in LIC's debt portfolio touch record high of 7.49% by 2019-end Feb 26, 2020 09:26 AM IST

    Gross NPAs in LIC's debt portfolio touch record high of 7.49% by 2019-end

    While net NPA stayed constant at 0.36 percent, the insurer has provided for doubtful debts

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