Page 6 - Lic

LIC IPO: DRHP, issue date and size, valuation--everything you need to know

The valuation of the mega LIC IPO could be around Rs 15 trillion. Here's all you need to know about LIC IPO

IPO-bound LIC's AUM rose Rs 1 trillion from March-September 2021

As of September 2021, 61.67 per cent of LIC's AUM was held in participating policies, 37 per cent in non-participating policyholder investments, 1.15 per cent in unit-linked policies

Buying new policy instead of reviving old one could mean higher premium

But it means avoiding the premiums and interest for lapsed years, so do the math

LIC didn't pay dividend to govt in FY21, says Union Minister Karad

LIC did not pay any dividend to the government in last financial year and used free reserves to increase its paid-up capital, which has now risen to Rs 6,325 crore, government told Rajya Sabha.

IDFC First Bank raises Rs 1,500 cr via tier-II bonds, CAR to rise to 16.5%

LIC corners 60% of maiden issue

LIC 3rd largest globally, but offers highest RoE of 82%, says Crisil report

At 64.1 per cent or with a gross written premium of $56.405 bn, LIC's market share is unparalleled globally, with no other life insurer anywhere else enjoying such a high market share

LIC ties up with Policybazaar.com for distribution of its products

This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products

Top headlines: Setback for FRL from lenders; Titan Q3 net zooms 91%

Business Standard brings you the top headlines on Thursday

Working group monitoring back-end tech readiness for LIC IPO: DIPAM Secy

In a Q&A, Tuhin Kanta Pandey that as crores of applications are expected, testing to that scale is needed to avoid hiccups in the application process and movement of funds

Union Budget 2022: Approval on FDI policy tweak to facilitate LIC IPO

The industry department will soon seek the approval of the Union cabinet regarding the same

At $8.65 bn, LIC 10th most valued insurance brand globally: Report

Life Insurance Corporation, which is bound for the nation's largest share sale by March, is the strongest and the largest brand in the country with a valuation of $8.656 billion

DPIIT to soon approach Cabinet on FDI proposal for LIC: Secretary

DPIIT will soon approach the Cabinet to seek its approval on changes in the FDI policy to facilitate disinvestment of the country's largest insurer LIC, a top government official said on Wednesday.

Budget 2022: Divestment target for FY23 set at a modest Rs 65,000 crore

FY22 divestment mop up revised to Rs 78,000 crore from Rs 1.75 trillion pegged earlier

Budget 2022: Slashed asset sale target raises questions about LIC IPO

'We should not conjecture on size of LIC IPO as valuation still underway,' says DIPAM Secretary

Top headlines: LIC gets IPO-ready, NBFCs brace for headwinds, and more

Business Standard brings you the top headlines at this hour.

Govt extends term of IPO-bound LIC's chairman & MD by one year

Earlier, his term was extended by nine months in June last year

Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore

The move is to ensure a much larger shareholder base ahead of IPO

Centre extends tenure of IPO-bound LIC's chairman by one more year

The government has extended the tenure of chairman of IPO-bound LIC by one more year with a view to facilitate smooth listing of the insurance behemoth, sources said.

Centre seeks regulatory fast track for LIC ahead of India's largest IPO

How successful any LIC stock sale will be, however, remains an open question

Govt has settled Rs 61,000 cr debt, liabilities of Air India: DIPAM Secy

In a Q&A, Tuhin Pandey also said govt plans to list LIC in this financial year