Page 17 - Lic

LIC buys more shares in FMGC major Nestle India, total stake now at 5%

The Nestle India stock closed 0.02% up at Rs 6,618.70 on the BSE

LIC to offload excess stake in firms in 2 years

Insurer needs to dilute stakes worth Rs 9,000 cr in 12 companies to comply with 15% shareholding cap

LIC picks 3% additional stake in BoI for Rs 451 crore

The BoI sold 33,500,000 shares equivalent to over 3.12% equity to LIC

LIC settles 99.92% of death claim cases, sets record high

LIC is keen to push the boundary further, looking to settle 99% claims on a monthly basis in future

Plea against LIC stake in ITC: FinMin, Sebi to be made parties

ITC allegedly derives 80% of its revenue from sale of cigarettes

LIC posts 27% growth in first year premium in FY17

LIC's market share in terms of number of policies stood at 76.09%, up from 74.72% last year

The LIC-ITC case: Taking action for responsible investments

Tata group has also come under pressure from civil society groups for its Dhamra Port in Odisha

LIC to soon get bankers on board for managing lending operations

LIC has been into business of insurance but they don't have expertise on loan risk assessment

LIC's new premium policy growth jumps 26% to Rs 1.2 lakh crore in FY17

State-run insurance behemoth witnessed degrowth in terms of policies during the year under review

UTI MF set to be first domestic asset management company to bring an IPO

Key stakeholders like SBIon board; LIC also gives conditional approval

LIC to step up income from non-single premium in FY18

ABHIJIT LELECountry's largest life insurer Life Insurance Corporation of India (LIC) will step up sale of non-single premium policies to about 25 per cent in 2017-18 to bring balance in business growth profile.V K Sharma, chairman, LIC said State-owned insurer has already met target for new business premium for FY17 and now is concentrating efforts to grow income from non-single premium for this year (2016-17) itself.The same thrust would be maintained in 2017-18 and expect the growth for non-single premium stream (Individual as well group segment) of over 25 per cent, Sharma told reporters on sidelines of Insurance Summit organized by FICCI.The income from non-single premium segment saw 8.16 per cent growth at Rs 13,646 crore in April-December 2016 as against Rs 12,617 crore in April-December 2015. The pace of expansion in group non-single premium was better at 53.34 per cent in April-December 2016. It garnered premium of Rs 3,220 crore in nine months of FY17, up from Rs 2,100 crore .

LIC goes slower on equities in FY17

Single premium segment boosts income to Rs 1.45 lakh crore

LIC clocks Rs 16k-cr profit through equity investments in April-Dec 2016

Chairman V K Sharma expects Rs 35,000 cr in new business premium by March-end

Life insurers' first-year premium up 28% in January

There are 24 life insurers in the country, of which only one LIC, is state-owned.

Hemant Bhargava appointed as LIC managing director

He has been appointed by the Appointments Committee of the Cabinet

Hemant Bhargava appointed as LIC's MD

The top LIC management consists of the chairman and three managing directors

LIC hikes gratuity to Rs 3 lakh to retain fleeing agents

So far, the corporation has added 45,000 agents on a net basis this year

LIC HF: Loans against property prop up show

However, margins may not sustain amid rising competition and stable bond yields

V K Sharma appointed LIC chief for 5 years

Sharma served as LIC's MD since November 2013; S K Roy, previous chairman, resigned in June, nearly 2 years ahead of his retirement

LIC hikes stake in Bata to 7.05%

LIC had 5.02 per cent stake in Bata India earlier