Page 11 - Lic
Cabinet approves strategic disinvestment in IDBI Bank
LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter
 "Cabinet approves strategic disinvestment in IDBI Bank")
LIC has now become tenth-most-valuable insurance brand globally
The total value of the world's top 100 most valuable insurance brands declined 6% in 2021 from a year earlier. But LIC's brand value increased by almost 7%
 "LIC has now become tenth-most-valuable insurance brand globally")
Process to derive LIC's embedded value may take more than a quarter
It's a significant preparatory step for the initial public offering of the country's largest insurer
 "Process to derive LIC's embedded value may take more than a quarter")
LIC paid Rs 1.34 trn as claims to policyholders in FY21, marking growth
State-owned insurer said it procured 2.1 crore policies in FY21, out of which 46.72 lakh were in March
 "LIC paid Rs 1.34 trn as claims to policyholders in FY21, marking growth")
Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21
One of Asia's life insurance giants, Life Insurance Corporation of India (LIC) closed last fiscal with a new business premium or first year premium of Rs 1.84 trillion, the company said
 "Life insurance giant LIC earns Rs 1.84 trillion in new premium in FY21")
IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal
The government had planned to sell its balance stake in IDBI Bank to private, retail, and institutional investors through the stock exchange in the last financial year
 "IDBI Bank jumps 11% as Cabinet may soon consider disinvestment proposal")
Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC
Jindal Saw on Friday said it raised Rs 500 crore through allotment of non-convertible debentures on a private placement basis to LIC of India
 "Jindal Saw says it raised Rs 500 crore through allotment of NCDs to LIC")
LIC employees protest in Ludhiana against insurance sector's FDI limit hike
LIC employees staged a protest in Ludhiana against the government's decision to raise the Foreign direct investment (FDI) limit in the insurance sector to 74 per cent and to bring an IPO of the LIC
 "LIC employees protest in Ludhiana against insurance sector's FDI limit hike")
LIC eases policy claim settlement process to mitigate customer hardships
To mitigate the hardships faced by customers due to the pandemic, LIC said policyholders can deposit their maturity claim documents at their nearest LIC office anywhere till the end of the month.
Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list
Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Read top stories today
 "Top headlines: Future revs up JVs amid Amazon row, PSU privatisation list")
IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs
Deck clears for government's stake sale; improvement in lender's finances key to invoke investor interest
 "IDBI Bank, out of PCA, faces tightrope act between growth and reducing NPAs")
Top headlines: Apple's India plans, raw material crunch for vax maker, and more
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely
 "Top headlines: Apple's India plans, raw material crunch for vax maker, and more")
Sebi's new free float norms and what it means for LIC IPO: Explained
Why are free float shares important? What is the free float requirement for newly listed companies? How and who will the Sebi move benefit? In this podcast, we explained Sebi's new free float norms
 "Sebi's new free float norms and what it means for LIC IPO: Explained")
Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record
A month into the Covid-19 immunisation drive, as many as 21 states and Union Territories (UTs) have not administered a single shot of Covaxin from Bharat Biotech. Read top news with Business Standard
 "Top headlines: Sebi eases listing rules for large IPOs, Bitcoin hits record")
General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report
While state-owned insurers' losses rose 1.12% to Rs 18,741 cr, those of private insurers were up over 26% to Rs 3,647 cr
 "General insurers' underwriting losses up 6.3% in FY20: Irdai Annual Report")
Top headlines: India says Covid deaths falling; bank unions call for strike
Business Standard brings you top news of the evening
 "Top headlines: India says Covid deaths falling; bank unions call for strike")
Life insurers' new business premiums up 3.7% in Jan after two slump months
This is despite state-owned insurance behemoth LIC reporting a 2% decline in NBP in the same period to Rs 13,143.64 crore
 "Life insurers' new business premiums up 3.7% in Jan after two slump months")
LIC employees protest against Centre's disinvestment proposal, oppose move
The Budget proposals for 2021-22 on Monday put Rs 1.75 trillion as a target from stake sale in public sector companies and financial institutions
 "LIC employees protest against Centre's disinvestment proposal, oppose move")
PSU divestment, LIC IPO, fiscal deficit: How brokerages read Budget 2021
Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation, notes analysts at Jefferies
Budget 2021: FDI cap hike in insurance set to attract US, European firms
The country's investment promotion agency, Invest India, expects the insurance market to be worth around $250 billion by 2025
 "Budget 2021: FDI cap hike in insurance set to attract US, European firms")
