Life Insurance Corporation
Indian public sector life insurer
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The 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$600 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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SC: Insurers can deny claims for alcohol use non-disclosureThe Supreme Court upheld Life Insurance Corporation’s denial of a claim for hospitalisation under the 'Jeevan Arogya' scheme due to non-disclosure of alcohol consumption by the policyholder. The..IndiaTimes - Published | |
SBI Life sees higher regular premium than LIC in DecIn December 2024, SBI Life Insurance overtook LIC in regular premium policies with Rs 3,416 crore, a 16.7% increase from last year, while LIC's premiums fell 15% to Rs 2,628 crore. Despite a..IndiaTimes - Published | |
PM Modi to inaugurate 'Rising Rajasthan Global Investment Summit' in Jaipur todayFollowing 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 snagTamil 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 opportunitiesLIC 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' remarkTejashwi 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 PSUThe 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 ordersThe 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 RahulThe 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: PanelThe 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 sixThe 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 ModiCongress 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: TMCA 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 issueWhile 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 GandhiIndiaTimes - Published | Adani row: Congress to hold countrywide protest in front of LIC offices, SBI branchesIt 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 stabiliseRecovery 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: MamataIndiaTimes - Published |
Adani stock fall: LIC, SBI 'lost over Rs 78,000cr' in market cap, FM still on 'mute mode', says CongressThe 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 | |
