Page 6 - Life Insurance Corporation

LIC's business plan change after IPO a threat to private firms: Report

According to an analysis of its initial public offer (IPO) filings by Swiss brokerage Credit Suisse, SBI Life, ICICI Prudential, HDFC Life and Max Life will face the maximum impact of the LIC move

Race for IPO quota: LIC policyholders rush to link PAN with policies

Insurer, Centre expect 10 million to have demat accounts linked to LIC policy by February 28

LIC likely to launch $8-bn IPO on March 11: Report

LIC is expected to obtain regulatory approval for the mega IPO by the first week of March after which an indicative marketing price band will be set, say sources

Top headlines: Big tech in data localisation row, banks told to up UPI cap

States start easing Covid-19 curbs as cases decline. More on that in our top headlines.

LIC's looming mega IPO weighs on other insurers' stocks, say investors

The flotation, potentially raising $8 billion, likely will continue to drag on LIC's competitors for about a year and could spread to other sectors: Analysts

BSE Ebix, LIC join hands for distribution of insurance products

'Under this agreement, BSE Ebix will offer their clients insurance products offered by LIC such as Life and Health, using its omni-channel digital presence'

Top headlines: LIC virtual road shows underway, Ukraine tensions drag on

Regulator asks commercial banks to make KYC ironclad as frauds rise. More on that story in our top headlines.

Will LIC IPO move the needle on insurer's stewardship role in equities?

The PSU holds equity stake worth over Rs 9.5 trillion in listed firms; how it votes on resolutions will now be more actively tracked

LIC IPO: Govt plans to tap around 180 investors in mega roadshows

As many as nine virtual roadshows being held daily over 20-day period

Govt to initiate investor outreach for IDBI Bank sale from Feb 25

The roadshows for the strategic disinvestment of IDBI Bank will be held virtually as investors are not keen on physical meetings due to pandemic fears.

LIC sees decline in policy issuance due to the Covid-19 pandemic

Life Insurance Corporation (LIC) has disclosed that the total number of individual and group policies has witnessed a decline due to the COVID-19 pandemic.

LIC sits on over Rs 21,500-cr unclaimed funds, shows DRHP

State-owned insurance behemoth LIC had unclaimed funds to the tune of Rs 21,539 crore as of September 2021, according to draft prospectus filed for IPO with market regulator Sebi

Top headlines: India Inc coffers swell; Sebi eases rules on top exec roles

The ambition of turning into a $350-billion industry by 2026 appears to be achievable for the Indian IT sector. More on that story in top headlines.

The behemoth: LIC's commission ratio one of the highest among its peers

In number of policies (individual), it commanded 71 per cent market share as of September

LIC policyholders must update PAN details by Feb 28 to participate in IPO

The initial public offering (IPO) of over 31.6 crore shares or 5 per cent government stake is likely to hit the market in March

Top headlines: RBI official wants crypto ban; Canada seeks more immigrants

Top property developers across western and northern India are getting into 'second homes' concept at leisure destinations. More on that in our morning wrap.

LIC disinvestment: Right and wrong

The central government is disinvesting 5 per cent of the shares of the Life Insurance Corporation of India (LIC)

Ensuring transparency

LIC's listing will have multiple benefits

LIC IPO documents: Insurers' unclaimed amount crosses Rs 20,000 crore

Total was in excess of Rs 20,000 crore as of September, shows offer document data

IPO-bound LIC saw Rs 23,246-crore profit from investment sale in H1FY22

In first six months of FY22, LIC's income from investments, which includes gross income from interest and dividends, rent, net profit on sale/redemption of investments totalled Rs 1.49 trillion.