Page 13 - Life Insurance Corporation

Can't reject claims due to discrepancies in proposal

The Commission didn't agree with LIC's argument that Singh had misrepresented facts and blamed the insurer for not doing proper scrutiny of the proposal forms

LIC sees rebound in business after months of slide due to Covid-19 crisis

With the spread of coronavirus and the subsequent lockdown imposed by the government, LIC saw its new business premium (NBP) fall 31 per cent year-on-year (YoY) in March

LIC Housing Finance likely to recover Rs 3,000 crore worth NPAs

The target is to get back about 50 per cent of gross non-performing assets (GNPAs), Managing Director and Chief Executive Siddhartha Mohanty said.

Three Life Insurance Corp unions urge govt not to divest stake in insurer

According to them, LIC today is managing assets in excess of Rs 32 trillion

LIC Housing Finance posts 16% fall in pre-tax profit at Rs 826.72 crore

Its net profit fell sharply, by 40 per cent, to Rs 421.43 crore from Rs 693.58 crore in Q4FY19.

Finance Ministry invites bids from transaction advisors for LIC IPO

The advisors can submit their bids beginning Friday, till July 13, 2020. The bids would be opened by DIPAM on July 14

New business premium of life insurance companies declines 25% in May

For the most part of April and May, the country was in a lockdown and businesses found it difficult to conduct their operations, despite some relaxations from the government

RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to

Finance Ministry, LIC start contact tracing to assess Covid-19 aid

At 2.7%, life insurance penetration in India is lower than Western & Asian peers

Insurance firms looks to bridge online trust deficit amid Covid--19 crisis

With customers caught in a swirl of panic and fear, life insurance companies are looking at confidence building measures for a post Covid-19 world

Fighting Covid-19 crisis: LIC customers get more time to pay premium

LIC has said all death claims related to Covid-19 would be treated on a par with other causes of death and payments would be made on an urgent basis

LIC gives 30-days extension for premiums due in March, April amid Covid-19

The insurer assured its policyholders that the death claims arising due to COVID-19 will be treated at par with other causes of death and payments shall be made on an urgent basis.

LIC IPO: Things you need to know about India's biggest public offer

A look at LIC's journey since being set up under the LIC Act of 1956 to understand why it continues to control the bulk of India's insurance market even 20 years after its monopoly ended

LIC in the time of coronavirus: A question mark now on the mega IPO

The listing of LIC is being thought when it is still a pre-dominant player in the sector. This is just like in the case of the State Bank of India in 1993

LIC declares relaxation on premium payments amid coronavirus spread

Policyholders are requested to stay indoors and avoid visiting any office to pay premium. They can, however, use online services of LIC

LIC eyes sale of 25 mn individual policies, Rs 55k cr in premiums for FY20

This is 17 per cent growth in terms of number of individual policies sold compared to the number of policies sold in FY19

How LIC should be valued

The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering

CBDT asks govt to tell PSUs to opt for 'Vivad se Vishwas' scheme

So far, no PSU has shown interest in the scheme

YES Bank stock crash and financial mess: How the crisis unfolded in 2 years

Companies that failed to repay their loans to YES Bank include Dewan Housing Finance, Essel group, CG Power, the Anil Ambani group companies, and Videocon

Parliament: Why govt has no record on farmer income, who will own LIC

Finance Minister said that listing of LIC will give opportunity for retail investors to participate in the creation of wealth