Page 12 - Life Insurance Corporation

Confident of returning to double-digit growth by FY21-end: LIC chairman

The pandemic has shed light on the importance of life insurance. It may become an essential part, says Kumar

LIC's equity portfolio value may be at an all-time high of $86 billion

The insurance behemoth's portfolio value has soared by $31 billion since March 2020

FinMin invites bids from actuarial firms for valuing LIC ahead of IPO

The government plans to sell minority stake in the insurance behemoth and list it on the bourses

12 firms to be part of MSCI India index in latest rejig; Bosch, LIC out

The changes in constituents for the MSCI global standard indices will take place as of the close of November 30, 2020

LIC IPO may spill over to next fiscal as govt looks at valuation of insurer

A stake sale in LIC is crucial for meeting a record Rs 2.1 lakh crore disinvestment target set for the current fiscal ending March 31, 2021

Centre's PSU disinvestment drive gets a helping hand from LIC, SBI

The two lapped up the bulk of shares during the offers for sale of HAL, Bharat Dynamics

Will the IPO everyone is waiting for come this year? Find out LIC 'plans'

In this podcast, Business Standard's Shrimi Choudhary discusses what has been done so far in the LIC IPO, what needs to be done to be on track and about the complexities surround the listing

Anil Agarwal's mega bid to take Vedanta private runs into rough weather

In the event, Vedanta RBB fails to get bids for at least 1.34 billion shares--- the minimum required for the promoters to acquire 90 per cent shareholding-the delisting bid would fail

Life insurers see 16% growth in new business premiums in September quarter

New business premiums of life companies rose 26% in September, with LIC leading the way

Do your research well before buying a life insurance plan for the long run

Customers must also avoid the temptation to cash out of their policies mid-tenure, once they have gathered considerable fund value.

Irdai says LIC, GIC Re, New India are too big to fail, need more control

The three are seen as key players to deal with systemic risks and moral hazard issues, have been told to raise corporate governance levels and promote a sound risk management culture

LIC, GIC, New India Assurance systemically important insurers: IRDAI

The three insurers have also been asked to raise the level of corporate governance, identify all relevant risks and promote a sound risk management culture, IRDAI said in a statement

Major defaults in our corp bond holdings due to Covid unlikely: LIC chief

In a Q&A, chairman M R Kumar says the insurance behemoth isn't considering scaling down targets and hopes to reach its budgeted figures at the end of FY21

LIC's FY21 business will be higher than last year: Chairman Kumar

The life insurer hopes to sell 22 million policies and collect Rs 51,300 cr in first year premium income from individual business this financial year

LIC IPO unlikely this fiscal year due to delay in valuation process

A lot of work to be done before insurer is ready for market debut, admit LIC and govt officials

LIC IPO may offer 10% discount to employees under special quota

Govt to pitch for amendments in the LIC Act in the Monsoon session starting September 14

LIC Housing: Equity infusion would be preferred over debt capital

At 12 per cent tier-1 capital, the recent decision to raise Rs 50,500 crore of debt funds unlikely to address asset quality issues

LIC HFC Q1FY21 PBT up 21% to Rs 1,018 cr, NIM declines by 9 bps

Net profit for reporting quarter up 34% to Rs 817.48 cr; firm's stock closed flat at Rs 276.7 a share on BSE

LIC's portfolio up 34% in FY21 at Rs 5.79 trn; RIL, Infy top contributors

The study is based on 351 companies' data from Capitaline Plus, where LIC held over 1 percentage point stake in the June quarter. These companies accounted 72% of total m-cap of BSE-listed companies

How bailout for three state-run insurers highlights Irdai's incompetence

The latest bailout also raises concerns about the need for a through relook at the quality of the managerial talent in these companies