Jul 15, 2019 05:22 PM IST
As per the plea, the proposal form of the scheme did not have any provision to mention the lower maturity sum assured and rather it it had a provision only for the higher death benefit.
- Jun 24, 2019 09:24 PM IST
The insurance behemoth has been on a selling spree in the banking sector.
- Jun 20, 2019 10:14 PM IST
According to IRDAI, on the basis of total premium income, the market share of LIC decreased from 71.81 percent in 2016-17 to 69.36 percent in 2017-18.
- May 30, 2019 09:25 PM IST
Once it is out of PCA, IDBI Bank aims to raise Rs 6500 capital including Rs 2500-3000 crore of Tier-2 bonds this financial year.
- May 28, 2019 07:52 PM IST
The NCLT's Mumbai bench comprising V P Singh and Ravikumar Duraisamy said the regulator should conclude its examination on the matter before the next date of hearing, on July 8.
- May 17, 2019 07:07 PM IST
NCDEX, which is the market leader in agri-commodity trading has initiated preliminary discussions with merchant bankers to raise funds via an initial public offer, sources said.
- May 04, 2019 05:54 PM IST
Total income rose to Rs 4,655 crore during the fourth quarter, from Rs 3,887 crore in the same period of the previous fiscal, LIC Housing Finance said in a filing to the BSE.
- Apr 15, 2019 09:24 PM IST
Singh also alleged that lakhs of agents of the LIC have stopped working in the last five years due to the policies of the Narendra Modi government.
- Mar 13, 2019 10:05 PM IST
Life Insurance Corporation (LIC) executive board comprises of one chairman and four managing directors (MDs).
- Mar 13, 2019 03:26 PM IST
The country's largest insurer, LIC, that has a series of failed attempts to set up a bank associated with its name now owns a majority stake in IDBI Bank. Here's how it plans to revamp the bank and maximise shareholder wealth.
- Mar 11, 2019 02:01 PM IST
Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any listed entity. But LIC, with a special dispensation from IRDAI, holds more than the limit in some state-run banks.
- Mar 10, 2019 06:40 PM IST
The bank said these strategic initiatives will pave the way for improved operations and better financing which in turn would lead to wealth maximisation for all of its stakeholders, including LIC and the government
- Mar 02, 2019 07:46 PM IST
According to a regulatory filing by Welspun Corp, LIC which held 2,04,82,544 shares, or 7.72 per cent, sold 57,89,140 shares or 2.18 stake in the company.
- Feb 21, 2019 10:33 AM IST
IDBI Bank has sought Rs 9,000 crore-10,000 crore to spruce up its balance sheet
- Feb 18, 2019 09:45 PM IST
This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lump sum amount at the time of maturity for the surviving policyholders, it said.
- Feb 04, 2019 04:32 PM IST
IRDAI Chairman Subhash Chandra Khuntia had clarified that insurers have to make adequate provisions for IL&FS-related exposures. He added that the exposure cannot be written off
- Feb 03, 2019 02:35 PM IST
At present, the permissible limit for an insurer to hold stake in any listed entity is 15 percent.
- Jan 24, 2019 05:50 PM IST
In fact, Irda feels a time-line for reducing its stake in IDBI Bank has to be decided by the LIC management itself as a regualtor mandated time-line can impact stock prices.
- Jan 21, 2019 08:07 PM IST
With the acquisition of controlling stake by LIC, IDBI Bank will now become private sector lender. The number of public sector lenders has come down to 20 with the government transferring its majority stake in favour of LIC.
- Jan 21, 2019 01:01 PM IST
LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet.
- Jan 17, 2019 09:04 AM IST
The estimated cost of the project, being constructed by the Maharashtra State Road Development Corporation, is around Rs 50,000 crore, of which around Rs 26,000 crore are required for the construction of the expressway.
- Jan 15, 2019 03:57 PM IST
As per a regulatory filing, LIC, which had 7.03 percent stake in Colgate-Palmolive earlier, brought down its shareholding in the company to 5 percent by selling shares between November 1, 2017, and January 14, 2019.
- Jan 13, 2019 12:59 PM IST
The market share of private insurers increased to 30.64 percent in 2017-18, from 28.19 percent in 2016-17.
- Jan 01, 2019 08:19 PM IST
Meanwhile, the government has already initiated process to select regular chairman and managing director of LIC.
- Jan 01, 2019 04:27 PM IST
Vacancy of chairman post arised after retirement of V K Sharma on December 31, 2018, while position of MD fell vacant after superannuation of Usha Sangwan in September last year.