Page 8 - Life Insurance Corporation

LIC ties up with Policybazaar.com for distribution of its products

This is LIC's first association with an insurance aggregator, and otherwise relies heavily on its large agency force of 1.33 million agents for distributing its products

LIC's embedded value set at over Rs 5 trn: DIPAM Secretary

Investors are eagerly waiting for the government to indicate LIC's embedded value when it releases the IPO draft prospectus, expected in a matter of days

Draft LIC IPO prospectus to be filed by next week, issue in Mar: DIPAM Secy

LIC's listing is crucial for the government to meet the lowered disinvestment revenue estimates of Rs 78,000 cr for the current fiscal

Govt extends term of IPO-bound LIC's chairman & MD by one year

Earlier, his term was extended by nine months in June last year

Getting IPO-ready: LIC boosts shareholders' corpus to Rs 6,600 crore

The move is to ensure a much larger shareholder base ahead of IPO

Centre seeks regulatory fast track for LIC ahead of India's largest IPO

How successful any LIC stock sale will be, however, remains an open question

LIC Housing Finance shares jump nearly 13% as firm sees 6% rise in profit

Shares of LIC Housing Finance (LICHFL) on Friday zoomed nearly 13 per cent after the firm reported a 6 per cent increase in profit after tax for the quarter ended December 2021. The stock jumped 12.63 per cent to Rs 389 on the BSE. On the NSE, it rallied 12.59 per cent to Rs 389. Mortgage lender LIC Housing Finance on Thursday reported a 6 per cent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. The lender reported better growth in the quarter due to higher disbursements during the

LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding

LIC and State Bank of India were top investors in AI's debt

LIC's net profit zooms to Rs 1,437 crore in H1FY22 ahead of IPO

The government is expected to mop up around Rs 1 trillion from LIC's IPO

IPO-bound LIC's H1FY22 profit after tax surges to Rs 1,437 crore

Its new business premium growth rate stood at 554.1 per cent in H1FY22

Centre to get cracking on IDBI Bank sale once LIC IPO is launched

With LIC IPO being top priority, other plans take back seat

Bankers need not have heartburn, LIC staff deserved better pay: AIIEA

The employees of Life Insurance Corporation of India (LIC), deserved a good wage revision based on their performance and they got it, said AIIEA

LIC IPO: Search for anchor investors begins, govt may seek higher valuation

Govt asks I-bankers to approach big investors

Govt set to allow 20% foreign direct investment in LIC ahead of listing

DFS, Dipam and DPIIT have finalised the change in FDI policy

IPO-bound LIC plans more focus on ULIPs, annuity and health products

LIC looks to improve share of non-participating products

IPO Rush: Offerings to see healthy response in 2022; pricing key concern

Initial public offerings in 2022 might include LIC and NSE

IPO fireworks in New Year too; firms likely to garner Rs 1.5 trillion

All said, the possible impact of the coronavirus pandemic, especially with the emergence of Omicron, might still be a cause for concern

LIC warns of legal action over misuse of its logo on social media

LIC has asked the public not to fall prey to proposals which are misusing its logo on social media platforms like Twitter, Facebook, Instagram and YouTube and other social media

Top headlines: India not to resume int'l flights from Dec 15; LIC NPAs down

LIC has provided heavily against its debt portfolio and managed to bring down its net non-performing assets (NPAs). More about the state-owned firm in our morning briefing.

IDBI assets manager to merge with LIC MF, clear path to latter's mega IPO

Following the merger, IDBI AMC, which currently has assets under management (AUM) of Rs 4,344 will cease to exist.