Page 10 - Life Insurance Corporation

Govt floats Request for Proposal to appoint intermediaries for mega LIC IPO

Merchant bankers, and registrar and share transfer agents will have to submit their bids by August 5

Govt invites bids from merchant bankers, legal advisors for LIC IPO

The last date for putting in bids is August 6, as per a notice issued by DIPAM

Top Headlines: LIC IPO gets cabinet nod; liquidity in banking system rises

Business Standard brings to you top headlines on Tuesday

CCEA clears LIC disinvestment; FM-led panel to decide quantum of stake sale

The government has already brought in required legislative amendments in the LIC Act for the proposed IPO

LIC to have CEO, MD as govt does away with Chairman post ahead of IPO

To facilitate the listing of the insurance behemoth, the government has already approved raising its authorised share capital to Rs 25,000 cr\

Government extends retirement age of LIC chairman to 62 years

The changes made in the rules will be called the Life Insurance Corporation of India (Staff) Amendment Rules, 2021, according to a government notification dated June 30, 2021.

LIC Housing Finance to raise Rs 2,334 cr through preferential share issue

Around 12.40 p.m., shares of the company on the BSE were trading at Rs 468.65, higher by Rs10.90 or 2.38 per cent from its previous close.

LIC Housing Finance to raise over Rs 2,334 cr from LIC as equity capital

LIC will infuse equity capital worth about Rs 2,334.70 crore in its subsidiary LIC Housing Finance by picking up an additional stake in the company

40 stocks take up three-fourths of institutional equity ownership in India

LIC's portfolio was the most concentrated, with 40 stocks accounting for 81%. RIL, TCS and ITC were its top picks

Amid Covid, LIC relaxes claim settlement requirements from Monday

LIC has allowed alternate proofs of death as a relevant proof. Earlier, death certificates were mandatory for claims process

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

Insurance giant LIC to have five working days starting from May 10

Saturdays have been declared as a holiday for the insurer.

As part of strategic disinvestment, govt, LIC to sell stakes in IDBI Bank

Quantum of stake sale to be decided while structuring the transaction

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%

M Narasimham: Forgotten contributions

In 1977, the Janata government asked him to leave and made Narasimham governor for five months

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

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

LIC employees' wage hike proposal yet to get government approval

"It is under process and with the ministry. Whenever it happens, we will share with the employees," said a source in LIC

Finance Bill gives relief on digital tax, provident fund threshold

Tax breaks for DFIs; way for LIC listing cleared

Deposit maturity claim documents at nearest office anywhere, says LIC

But it will be valid till the end of the month