Life Insurance Corp Lic

LIC stock rises over 3% today as Street reacts to 1:1 bonus issue; first since listing

The Government of India currently holds 96.5 percent in LIC and is required to reduce its holding over time to meet minimum public shareholding norms. The bonus issue could aid future stake sales through an offer for sale (OFS) by expanding the equity base.

LIC targets 50% in ManipalCigna to enter health insurance space: Report

ManipalCigna is a joint venture between the Bengaluru-based Manipal Education & Medical Group, which holds a 51 percent stake, and US-based Cigna Corporation, which owns the remaining 49 percent, the report added.

LIC gets GST demand notice of Rs 65 crore

The demand order is for Goods & Service Tax, interest and penalty for Jharkhand, LIC said

Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief Siddhartha Mohanty

The current channels, including agents, brokers, and bancassurance have been effective, but fraught with its own limitations given the challenge of taking insurance to each citizen of the country, Mohanty said

LIC hands over Rs 3,662 crore dividend cheque to govt

On May 27, after the country’s largest insurer declared an interim dividend of Rs 6 per share

LIC operations in Bangladesh resuming partially, company in touch with Bangladeshi authorities, says CEO&MD

The insurer's chief executive officer and managing director (CEO and MD) Sidhartha Mohanty in a post results press conference said that it is in touch with local officials in Bangladesh.

LIC launches term insurance plans for young adults with loan coverage

The plan allows for a minimum entry age of 18 years and a maximum entry age of 45 years, with maturity ages ranging from 33 to 75 years.

LIC warns policyholders over alleged offers to acquire existing policies

LIC told its policyholders to consult with its officials before responding to any offers

LIC targets acquisition route to venture into health insurance market: Report

During a recent post-earnings call, LIC management expressed confidence in achieving double-digit growth in Annual Premium Equivalent (APE) for the fiscal year 2024-25.

LIC shares fall nearly 3%; slump over 25% from 52-week high

The stock declined 2.77 per cent to settle at Rs 879.50 apiece on the BSE. During the day, it lost 3.15 per cent to Rs 876.05.

Should investors bet big on the disinvestment of IDBI Bank?

A change of promoters can inject new life into the bank and drive the stock price up

LIC – The elephant has started dancing

While the insurer’s low valuation helped the rally in the stock, the financial performance can add momentum, going forward

LIC gets income tax refund of Rs 25,464 crore

Pursuant to the order of the Income Tax Appellate Tribunal (ITAT), Income Tax Department has issued intimation for a refund of Rs 25,464.46 crore, LIC said in a regulatory filing on Thursday.

LIC gets I-T demand notices worth Rs 3,529 crore

The corporation has received orders from Income Tax authorities regarding Income Tax demand issued by Assistant Commissioner of Income Tax, Mumbai, LIC said in a regulatory filing.

Govt grants one-time exemption to LIC to achieve 25% MPS in 10 yrs

The government currently holds 96.5 per cent stake in the company.

LIC: Will the rising market tide lift this underperformer?

The valuation of the stock points to more upside, but certain issues are dogging the life insurance behemoth

LIC as an investor is key to its profitability as an insurer

LIC must continue to increase its share of non-participatory policies as well as increase its return on investment if it is to maintain its market share