Page 16 - Life Insurance Corporation

LIC offers Rs 25,000 cr credit line to NHAI for funding highway projects

The funds will be raised for 30 years and the interest rate will be revised every 10 years

LIC's market share falls below 70% as private insurers get more aggressive

The market share of private insurers increased to 30.64 per cent in 2017-18, from 28.19 per cent in 2016-17

LIC top leadership likely to see a complete reshuffle next year

However, it is not clear when the govt will set in motion the selection process for the top posts

Blatant misuse of LIC

It is subsidising incompetence at best and malfeasance at worst in institutions such as IDBI Bank and IL&FS

Life Insurance Corp aims Rs 75 bn first premium income from eastern region

Till August 31, the group premium income collected from the region was Rs 20.5 billion

Contract prevails over circular

An insurer cannot change the contract by issuing circular and depriving the customer of stated benefits

LIC sells over 2% stake in Merck via open market transaction; stock up 19%

Over 5.5 lakh shares of the company were traded on both NSE and BSE stock exchanges

LIC cuts stake in Bank Of Baroda to 5.19%

The public sector bank said LIC shed stake in a market sale from September 1 to November 29

Fire breaks out at commercial building in Kolkata; no causalties reported

Eyewitnesses in the area said that fire spread rapidly from one floor to the others of the building

LIC reduces 2.14% stake in Tata Global Beverages, sells 1.35 crore shares

Shares of TGBL were trading at Rs 175 apiece, down 1.02 per cent, on BSE

LIC to pay 40% more dividend, bonus due to higher profits from investments

Corporation realised a profit of Rs 19,302.46 cr by sale of equity

LIC divides investment portfolio among 3 MDs for more balanced decisions

For past many years, life insurance giant had been functioning with only one or two MDs

LIC gets lion's share of single premium policies

Annuity plan Jeevan Akshay, which collected Rs 15,000 crore, was the best-selling product in 2016-17

Jehangir B Gai: Medical certificates need to be authentic

A claim cannot be rejected on assumptions or on the basis of medical certificates which are vague

LIC debut: To declare quarterly numbers today

India's largest insurer will declare its quarterly results for first time