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Life Insurance Corporation

Life Insurance Corporation of India

Siddhartha Mohanty To Take Charge As LIC Chairman

After interviewing four candidates based on their overall experience and extant parameters on March 23, 2023, FSIB recommended Siddhartha Mohanty for the position of Chairperson in LIC of India

24 March 2023

Life Insurance Corporation.

M R Kumar Completes Term As LIC Chairman; Siddhartha Mohanty To Take Interim Charge On Tuesday

The government has approved the appointment of Siddhartha Mohanty as the interim Chairman of LIC for three months with effect from March 14, the insurer said last week

14 March 2023

People Have Optimistic View Of Post-Retirement Life, Says ICICI Prudential Study  

Around 66 per cent of respondents are worried about inflation and critical illness impacting their retirement savings and, consequently, their lifestyle 

09 March 2023

Life Insurance Corporation.

FSIB To Soon Start Selection Process For New LIC Chairman

The final decision on the FSIB recommendation will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi

19 March 2023

Here’s A Look At Some Benefits Available To Women Homebuyers

From lower stamp duty to lower rate of interest on home loans, women homebuyers have several things going in their favour

13 March 2023

IRDAI

More Insurance Players, Wider Range Of Products Key To Achieve Insurance For All Goal By 2047:IRDAI's Debasish Panda

In the past five years, the sector has grown 10 per cent each year, still insurance penetration is too low at 4.2 per cent in 2021 and we need to cover much more, he said

21 February 2023

Life Insurance Corporation.

LIC Sells 2% Stake In NMDC Between December And March, Garners Over Rs 700 Crore

The sale of 2 per cent stake or a little over 5.88 crore shares in open market has fetched over Rs 700 crore to LIC

15 March 2023

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LIC's exposure to Adani Group companies has come under severe scrutiny recently

Investment In Adani Group Companies Still In Green, Says LIC

LIC's investments in the crisis-ridden Adani Group has been under tremendous criticism after its investments in Adani-related entities lost almost 60 per cent of its value since January 25

09 February 2023

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23 January 2023
IDBI Bank Books Best-Ever Quarterly Net At Rs 927 Crore; Guides For More Upside On NPAs, Key Numbers In Q4

IDBI Bank Books Best-Ever Quarterly Net At Rs 927 Crore; Guides For More Upside On NPAs, Key Numbers In Q4

The management, controlled by the national insurer LIC, has guided towards better overall numbers in the March quarter, pencilling in an under-10 per cent...


12 December 2022
Indian IPO Wrap-Up 2022: Five IPOs With Highest Listing Gains Now In Red

Indian IPO Wrap-Up 2022: Five IPOs With Highest Listing Gains Now In Red

Life Insurance Corporation (LIC) and delivery services provider Delhivery raised Rs 21,008 crore and Rs 5,235 crore, respectively, but both are down over 22.95...


08 December 2022
Government Seeks To Appoint Private Sector Professional As LIC’s Chief Executive: Report

Government Seeks To Appoint Private Sector Professional As LIC’s Chief Executive: Report

New Chief at LIC: As of now, LIC is headed by a chairman who largely overlooks the operations at the insurer.


05 December 2022
LIC Initiates WhatsApp Service For Its Portal-Registered Policyholders

LIC Initiates WhatsApp Service For Its Portal-Registered Policyholders

Only those policyholders who are registered on the LIC Portal can use the WhatsApp service


23 October 2022
No Govt, LIC Veto Post Privatisation Of IDBI Bank

No Govt, LIC Veto Post Privatisation Of IDBI Bank

The government earlier this month invited bids for the sale of 60.72 per cent stake in IDBI Bank, which is 45.48 per cent owned by the government and 49.24 per...


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20 October 2022
IDBI Bank Privatisation: LIC To Recover Its Investment By Time Of Sale

IDBI Bank Privatisation: LIC To Recover Its Investment By Time Of Sale

The official said that since the commencement of the IDBI Bank privatisation process in May last year, the share price has jumped from Rs 35 a share to Rs 45 a...


10 October 2022
Financial Bids For IDBI Bank Likely To Be Invited By March, Sale Process To Conclude Next Fiscal

Financial Bids For IDBI Bank Likely To Be Invited By March, Sale Process To Conclude Next Fiscal

Last week, the government along with Life Insurance Corporation (LIC) invited preliminary bids for selling 60.72 per cent stake in IDBI Bank. The last date for...


07 September 2022
LIC Launches New Pension Plan With Retirement Income Benefit Through Annuity

LIC Launches New Pension Plan With Retirement Income Benefit Through Annuity

LIC has come out with a new pension plan that provides retirement income through purchase of an annuity upon completion of the policy term


22 August 2022
LIC Housing Finance Increases Home Loan Rates By 50 Bps, New Rate Starts At 8%

LIC Housing Finance Increases Home Loan Rates By 50 Bps, New Rate Starts At 8%

LIC Housing Finance has released the latest interest rates on home loans, which has been increased by 50 basis points. The floating rate home loans are linked...


13 August 2022
No Timeline From Government For Selling IDBI Stake: LIC Chairman

No Timeline From Government For Selling IDBI Stake: LIC Chairman

LIC owns 49.2 per cent of the lender and the government and public own the remaining shareholdings in the bank which was on the verge of collapse before it was...


12 August 2022
LIC Profit Jumps Multifold To Rs 682.89 Crore In Q1

LIC Profit Jumps Multifold To Rs 682.89 Crore In Q1

The state-run life insurance behemoth, which went public recently, had a net profit of Rs 2.94 crore in the year-ago period


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04 August 2022
PFRDA Bans Credit Card Payments To National Pension System Tier II, Here’s How To Invest In NPS

PFRDA Bans Credit Card Payments To National Pension System Tier II, Here’s How To Invest In NPS

You can’t use credit cards to make investments in the National Pension System (NPS) anymore. NPS is an efficient retirement tool and know how to invest in it


14 July 2022
LIC Reports Marginal Increase In Embedded Value To Rs 5.41 Lakh Crore

LIC Reports Marginal Increase In Embedded Value To Rs 5.41 Lakh Crore

The value of new business margin for the year ended March 31, 2022 was 15.1 per cent as compared to 9.9 per cent last year


28 June 2022
Amfi Rejig Could See LIC, Adani Enter Large-Cap Space

Amfi Rejig Could See LIC, Adani Enter Large-Cap Space

Amfi is set to release a new stock classification, thereby making way for LIC and Adani Wilmar to get a direct entry into large-cap category.


24 June 2022
All You Need To Know About LIC Bima Jyoti Insurance Plan

All You Need To Know About LIC Bima Jyoti Insurance Plan

Launched in December 2021, the LIC Bima Jyoti Insurance plan is a non-linked, non-participating, individual, life assurance savings plan that provides...


14 June 2022
LIC Ups Stake In Capri Global To Over 7% With Rs 221 Crore Investment

LIC Ups Stake In Capri Global To Over 7% With Rs 221 Crore Investment

LIC's shareholding in Capri Global Capital has increased from 88,58,348 equity shares to 1,24,00,000 equity shares or from 5.043 per cent to 7.059 per cent of...


13 June 2022
LIC Shares Tumble Nearly 6%; Down Over 29% From Issue Price

LIC Shares Tumble Nearly 6%; Down Over 29% From Issue Price

The stock tanked 5.85 per cent to settle at Rs 668.20 apiece on the BSE. During the day, it plunged 6 per cent to Rs 666.90


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