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  • 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

  • Will nudge insurers to go public: IRDAI Chairman Subhash Khuntia Feb 18, 2020 02:53 PM IST

    Will nudge insurers to go public: IRDAI Chairman Subhash Khuntia

    IRDAI will not make it mandatory but will nudge insurers above a certain size to list on the stock exchanges

  • LIC says no proposal to merge LIC Housing Finance with any other entity Feb 17, 2020 03:57 PM IST

    LIC says no proposal to merge LIC Housing Finance with any other entity

    The statement came after some reports suggested that insurance behemoth LIC might expedite the process of merging LICHFL with its banking arm IDBI Bank.

  • ANMI to mobilise one crore investors for LIC's IPO Feb 15, 2020 05:15 PM IST

    ANMI to mobilise one crore investors for LIC's IPO

    The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 lakh crore for 2020-21.

  • Here are top 25 stocks held by LIC; will it have to cut stake before IPO? Feb 14, 2020 08:40 AM IST

    Here are top 25 stocks held by LIC; will it have to cut stake before IPO?

    Apart from IDBI Bank and LIC Housing Finance, the insurer holds more than 15 percent stake in firms like TCM, Gloster and ITC which it may have to bring down prior to its listing

  • Buy term insurance now as rates may rise from April 1 Feb 11, 2020 02:21 PM IST

    Buy term insurance now as rates may rise from April 1

    The premiums for term insurance products may go up by 15-20 percent from April 1 onwards as reinsurance rates have been revised for these policies. LIC customers, however, may see a lower hike.

  • With IPO on the horizon, LIC's investments in equities under scrutiny Feb 10, 2020 03:57 PM IST

    With IPO on the horizon, LIC's investments in equities under scrutiny

    LIC's investments in equities have been just 54.5 percent of its fiscal target. But it has achieved 94 percent of the target (as of January 31) as far as equity profits are concerned

  • LIC IPO: Talks with government underway, says Chairman MR Kumar Feb 07, 2020 07:45 PM IST

    LIC IPO: Talks with government underway, says Chairman MR Kumar

    LIC chairman M R Kumar said that the second of FY21 timeline for IPO is 'possible'; on IDBI Bank says that may not wait for completion of 12-year period given by RBI to reduce stake to 15%.

  • More insurance initiatives may be announced over time, outside the budget: Abhishek Bondia Feb 07, 2020 09:21 AM IST

    More insurance initiatives may be announced over time, outside the budget: Abhishek Bondia

    Proposed listing of LIC is a positive and welcome move

  • Govt dividend may help boost LIC's equity capital: Report Feb 06, 2020 10:55 AM IST

    Govt dividend may help boost LIC's equity capital: Report

    The government is widely expected to sell no more than a 10 percent stake in LIC, and the IPO might take place in the second half of FY21.

  • LIC employee union planning nationwide protest against stake sale Feb 04, 2020 02:43 PM IST

    LIC employee union planning nationwide protest against stake sale

    LIC employees are opposing the stake sale of the government, saying that the money will go in the hands of crony capitalists

  • LIC staff union to hold walk-out strike to protest against IPO Feb 04, 2020 12:17 PM IST

    LIC staff union to hold walk-out strike to protest against IPO

    In the Union Budget announced on Saturday, Finance Minister Nirmala Sitharaman announced that the government, which holds 100 per cent stake in LIC, will sell a part of its holding through an initial public offering (IPO).

  • Congress may oppose LIC listing if govt fails to convince: Chidambaram Feb 04, 2020 08:35 AM IST

    Congress may oppose LIC listing if govt fails to convince: Chidambaram

    The LIC is profitable despite fierce competition from very large insurance companies of the world with deep pockets and it has also increased its first premium share last year by about five per cent, he said.

  • Govt will not splurge to boost the economy: FM Sitharaman Feb 03, 2020 09:58 PM IST

    Govt will not splurge to boost the economy: FM Sitharaman

    She said when the government puts money infrastructure, it has cascading effect and give rise to economic activity.

  • LIC IPO: Govt to retain sovereign guarantee, likely to sell 10% stake Feb 03, 2020 08:24 AM IST

    LIC IPO: Govt to retain sovereign guarantee, likely to sell 10% stake

    "We have only said an IPO. We have not given complete ownership to somebody," FM Sitharaman said.

  • LIC IPO may come in second half of FY21: Finance Secretary Feb 02, 2020 12:45 PM IST

    LIC IPO may come in second half of FY21: Finance Secretary

    FM Sitharaman while presenting the Budget 2020-21 on February 1 announced stake sale in LIC through an IPO in the next fiscal

  • Budget 2020: Government to exit IDBI Bank by selling balance stake Feb 01, 2020 07:42 PM IST

    Budget 2020: Government to exit IDBI Bank by selling balance stake

    While there was no specific amount allotted for public sector banks (PSBs) in the Union Budget 2020-21, the government said that it will undertake recapitalization as and when needed. PSBs will also be encouraged to approach capital markets to raise additional funds.

  • Union Budget 2020: LIC's entry in the primary market to create the largest company by m-cap Feb 01, 2020 07:20 PM IST

    Union Budget 2020: LIC's entry in the primary market to create the largest company by m-cap

    The company, in terms of market capitalisation (m-cap), will be the largest that has ever made the entry into the primary market.

  • Employees' unions oppose govt plan to sell shares in LIC Feb 01, 2020 03:45 PM IST

    Employees' unions oppose govt plan to sell shares in LIC

    Finance Minister Nirmala Sitharaman said the Life Insurance Corporation of India (LIC) will be listed as part of the government disinvestment initiative.

  • Budget 2020 | FM Nirmala Sitharaman says LIC to be listed Feb 01, 2020 01:09 PM IST

    Budget 2020 | FM Nirmala Sitharaman says LIC to be listed

    The government proposes to sell a part of its holding in LIC through initial public offer, she said while unveiling Budget 2020-21.

  • List LIC so that it doesn’t go the way of Unit Trust of India Jan 27, 2020 11:03 AM IST

    List LIC so that it doesn’t go the way of Unit Trust of India

    Government should stop treating the insurance corporation as a war chest

  • LIC has a Rs 11,000cr exposure to DHFL, Reliance Capital & Sintex Industries in H1 FY20: Report Jan 24, 2020 02:02 PM IST

    LIC has a Rs 11,000cr exposure to DHFL, Reliance Capital & Sintex Industries in H1 FY20: Report

    DHFL recently became the first non-banking finance company (NBFC) to be taken to the bankruptcy court.

  • LIC reports NPAs worth Rs 30,000 crore in H1FY20; in same boat as YES Bank, Axis Bank and ICICI Bank: Report Jan 21, 2020 10:35 PM IST

    LIC reports NPAs worth Rs 30,000 crore in H1FY20; in same boat as YES Bank, Axis Bank and ICICI Bank: Report

    As per the report, the reason behind LIC's NPA woes are similar to those of banks, namely corporate loan defaults.

  • LIC sees 291% jump in investment income from FY09-19 period Jan 15, 2020 06:08 PM IST

    LIC sees 291% jump in investment income from FY09-19 period

    Data from the LIC Annual Report 2018-19 released last week showed that the income from investments stood at Rs 2,21,573.72 crore at the end of FY19.

  • LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 lakh crore Jan 07, 2020 10:11 PM IST

    LIC Pension and Group Scheme Vertical's premium income crosses Rs 1 lakh crore

    This is the first time ever any single vertical of the insurer has crossed this record premium income figure, LIC said in a statement.

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