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Life Insurance Corporation

Indian public sector life insurer

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Life Insurance Corporation: Indian public sector life insurer
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth 52.52 trillion (US$630 billion) as of March 2024. It is under the ownership of Government of India and administrative control of the Ministry of Finance.

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PM Modi to inaugurate 'Rising Rajasthan Global Investment Summit' in Jaipur today

Following the Jaipur event, PM Modi will then travel to Panipat in Haryana, where he will launch the Bima Sakhi Yojana by the Life Insurance Corporation of India (LIC), a scheme aimed at empowering..
DNA - Published

'Propaganda tool': Tamil Nadu CM targets LIC over Hindi 'imposition' on website, insurer blames technical snag

Tamil Nadu Chief Minister MK Stalin and other political leaders criticized Life Insurance Corporation (LIC) for allegedly using Hindi predominantly on its website. They called it a form of Hindi..
IndiaTimes - Published

LIC mulls entering health insurance, explores acquisition opportunities

LIC explores health insurance entry, considers composite licenses, and aims to boost market coverage, reporting improved FY24 results and dividend recommendations.
IndiaTimes - Published

SC directs Tejashwi Yadav to file 'proper statement' withdrawing his 'Gujarati thugs' remark

Tejashwi Yadav, while talking to the media in Patna in March 2023, had said, "Only Gujaratis can be thugs in the present situation, and their fraud will be forgiven." "Who will be responsible if they..
IndiaTimes - Published

With 5.6L crore market capitalisation, LIC pips SBI as most valued PSU

The government divested 3.5% of LIC for Rs 21,009 crore through its IPO, making it the biggest maiden offer in India. LIC's stock has not crossed its IPO price since listing in mid-May 2022. Recent..
IndiaTimes - Published

LIC to get I-T refund of over 25k crore, but faces 3 tax demand orders

The Life Insurance Corporation of India has informed stock exchanges that it has received a refund order for Rs 25,464 crore, but faces three income tax demand orders which could result in an outgo of..
IndiaTimes - Published

Take down post revealing identity of rape survivor, high court directs Rahul

The Indian government has granted a one-time exemption to Life Insurance Corporation of India (LIC) to achieve a minimum public shareholding (MPS) of 25% within 10 years. LIC, the country's largest..
IndiaTimes - Published

Depression non-disclosure no ground to reject claim: Panel

The NCDRC has ruled that non-disclosure of ailments like depression should not be a basis for denying insurance claims by LIC. The commission stated that LIC's medical literature did not classify..
IndiaTimes - Published

Supreme Court to Sebi: Submit status of Adani probe within three months, not six

The Supreme Court asked Sebi to submit by August 14 the status of probe into Hindenburg's allegations of stock price manipulations against Adani group companies but refused to convert the court..
IndiaTimes - Published

Why no investigation into Adani issue, why so much of fear: Rahul Gandhi targets PM Modi

Congress leader Rahul Gandhi on Monday asked Prime Minister Narendra Modi why there was no investigation into the investment of people's retirement fund in the Adani group even after various..
IndiaTimes - Published

All opposition parties should start investigation into Adani group: TMC

A day after keeping away from Congress-led march of opposition parties to the ED office, Trinamool Congress on Thursday proposed that all the non-BJP opposition party-led governments should start..
IndiaTimes - Published

Budget session: TMC, NCP stay away from joint opposition protest over Adani issue

While TMC continued its attack on the government with dharna against gas price rise and also questioning the Centre on why public institutions like LIC and SBI has been investing in Adani companies, it..
IndiaTimes - Published

SBI, LIC forced to invest to save Adani group, people's life savings put in danger: Rahul Gandhi


IndiaTimes - Published

Adani row: Congress to hold countrywide protest in front of LIC offices, SBI branches

It is being argued by the Opposition that the investment of the Adani group in public sector banks such as the SBI and LIC has had a big impact on the savings of the middle class.
DNA - Published

Sensex gains 910pts as Adani stocks stabilise

Recovery in prices of some Adani stocks on the back of an assurance from the finance minister relating to LIC and SBI exposure to the group had a positive impact on Dalal Street investors. As a result,..
IndiaTimes - Published

BJP using money from LIC, nationalised banks to benefit some leaders: Mamata


IndiaTimes - Published

Adani stock fall: LIC, SBI 'lost over Rs 78,000cr' in market cap, FM still on 'mute mode', says Congress

The Congress Saturday questioned the "silence" of the Union finance minister and probe agencies after LIC and SBI "lost over Rs 78,000 crore" in market capitalisation of their shares due to exposure in..
IndiaTimes - Published

Promises of 'Raja' false, speeches hollow: Rahul Gandhi in latest attack on PM Modi

Congress leader Rahul Gandhi on Friday attacked Prime Minister Narendra Modi over the issue of unemployment, saying the promises of "Raja (king)" are false and speeches hollow. Gandhi shared a chart on..
IndiaTimes - Published

Embedded value by July 15, says LIC

LIC has said that it would take more time to arrive at its embedded value. The corporation has said that it would be in a position to declare this key number by July 15.
IndiaTimes - Published

FM seeks LIC report on loan recovery notices to orphan


IndiaTimes - Published

How can policyholders apply for LIC IPO? Details on eligibility, mandatory documents, WhatsApp number

LIC IPO: 22,137,492 equity shares, constituting up to 0.35% of the post-offer paid-up equity share capital, have been reserved.
DNA - Published

LIC IPO opens; India's largest insurance company offers discount to policyholders, employees

LIC IPO: LIC was to release an IPO of 5% but due to the market conditions, it cut the size of the public offering to 3.5%.
DNA - Published

Why has govt slashed LIC valuation, asks Congress on IPO


IndiaTimes - Published

LIC IPO: P Chidambaram questions government's 'desperation', says 'wrong time to do an IPO'

P Chidambaram also questioned why the government decided to bring LIC IPO after missing the March 31, 2022 deadline.
DNA - Published

SC saves LIC of huge financial burden ahead of IPO

Ahead of its mega Rs 21,000 crore IPO, the Supreme Court on Wednesday rescued LIC from a massive financial burden by resolving a 40-year-old festering issue on absorption of 12,000 temporary employees..
IndiaTimes - Published

Selling family silver has become mainstay of government: Trinamool MP Santanu Sen in Rajya Sabha

Selling the "family silver" has become the mainstay of this government, Trinamool Congress MP Santanu Sen said in Rajya Sabha over the proposed disinvestment of LIC and reports about the sale of United..
IndiaTimes - Published