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The Latest Breaking News from Life Insurance Corporation of India

LIC launches two new plans: LIC’s Bima Platinum and LIC’s Jeevan Raksha; Check details

New LIC plans: Today, Life Insurance Corporation of India has unveiled two innovative insurance plans designed to meet diverse needs. LIC's Bima Platinum focuses on providing savings alongside financial protection, featuring guaranteed additions. On the other hand, Jeevan Raksha offers essential risk coverage for families facing unexpected death.

The Economic Times

LIC gets RBI nod to raise stake in HDFC Bank to nearly 10% from 4.11%

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This…

The Economic Times

LIC shares sink 9% as OFS opens at 11% discount. Here's all you need to know

LIC shares plunged nearly 9% after the government’s offer for sale (OFS) to divest up to a 6.5% stake in the insurer opened for institutional investors. The OFS includes a 2.5% base offer and a 4% green shoe option, with a floor price of Rs 382 per share, an 11%…

The Economic Times

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Dividends & bonus issues: LIC, Asian Paints among 35 stocks turning ex-record date this week. How many do you own?

Around 35 companies, including LIC, HUL, Asian Paints and IndusInd Bank, have fixed record dates for dividends, bonus issues and buybacks in the upcoming week. Investors must hold shares before the record date to qualify for corporate actions, though additional announcements may follow.

The Economic Times

LIC won’t sell stake in NSE IPO OFS, betting on exchange's long-term potential

Life Insurance Corporation of India will not sell its stake in the National Stock Exchange's IPO. LIC holds a significant 10.7% stake in NSE. The insurer believes NSE has long-term value creation potential. This decision aligns with LIC's strategy of building substantial stakes in major Indian companies. NSE's growth and…

The Economic Times

LIC in talks with regulators on long-term instruments to match growing liabilities: CEO

Life Insurance Corporation of India is working with regulators like the Reserve Bank and Sebi. This is to increase long-term investment options. Inflows into LIC's annuity products are growing. The company is also considering a fintech arm. LIC is prepared for further stake dilution by the government. The government is…

The Economic Times

LIC buys Maruti Suzuki shares worth Rs 68 crore, insurer's stake in automaker crosses 5%

Life Insurance Corporation of India (LIC) has increased its stake in Maruti Suzuki above the 5% threshold after purchasing 51,750 shares through a market transaction. The move comes amid a decline in Maruti Suzuki's stock this year and reflects LIC's continued investment activity despite market volatility.

The Economic Times

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India said to prepare Rs 10,000 crore LIC stake sale next month

India is preparing to launch a new share sale for Life Insurance Corporation of India next month. This offering could bring in as much as Rs 10,000 crore. The government intends to sell a stake of approximately 2% to institutional investors. This move is part of ongoing efforts to increase…

The Economic Times

LIC introduces New Jeevan Sathi joint life plans: Check features, guaranteed additions and benefits

LIC new plans 2026: Life Insurance Corporation of India has launched two new joint life insurance savings plans, LIC’s New Jeevan Sathi Single Premium and LIC’s New Jeevan Sathi Limited Premium. These non-par, non-market linked plans offer couples financial protection and long-term savings with guaranteed additions and fixed benefits, ensuring…

The Economic Times

LIC emerges as highest profit-making financial company in March quarter

Life Insurance Corporation of India has achieved the highest profit in the Indian financial sector for the March quarter. The company reported a significant jump in net profit. State Bank of India and HDFC Bank followed with substantial profits. LIC's assets under management and premium income also saw growth. Vodafone…

The Economic Times

LIC bonus issue: Insurance behemoth gets shareholders' approval for 1:1 issue. Check details

Life Insurance Corporation of India (LIC) said shareholders approved its 1:1 bonus issue with overwhelming support. The insurer disclosed voting results, key managerial appointments and market movement following the announcement. It outlined record date conditions, bonus issuance details, financial impact, dividend history and upcoming quarterly results scheduled for May 21.

The Economic Times

LIC’s Insurance Week celebrations launched at Kadapa office

Life Insurance Corporation of India (LIC) staff launched the ‘Insurance Week’ celebrations commemorating the 67th Foundation Day of the corporation, here on Friday. “Our death claims stand at 98.6%, and maturity claims at 92.65%. It is hence the corporation has bagged sixteen prestigious awards and accolades during the last financial…

The Hindu

LIC raises stake in HDFC to over 5%

NEW DELHI: Life Insurance Corporation of India (LIC), the country's largest insurer, has increased its stake in HDFC Ltd to over 5 per cent following the acquisition of shares from the open market.

The Times of India

Who are the top advertisers on Indian news TV?

Reckitt Benckiser India, Amul and Life Insurance Corporation of India were the top advertisers on news TV in the first half of 2022, a study by TAM Media Research, which collects and analyses audience behaviour and brand communication data, has found.

Newslaundry

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The Times of India

LIC's embedded value stood at Rs 5.41 lakh crore at end of March

MUMBAI: Life Insurance Corporation of India (LIC) on Thursday said its embedded value stood at Rs 5,41,492 crore at the end of March this year compared to Rs 95,605 crore in the year-ago period.

The Times of India

LIC shares hit new record low of Rs 723.70; one-fourth of market-cap wiped out

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a new record low of Rs 723.70 on Thursday, which is nearly 25 per cent down from its IPO issue price of Rs 949.

The Times of India

LIC shares decline for 5th day; m-cap falls below Rs 5 lakh crore-mark

NEW DELHI: Shares of Life Insurance Corporation of India (LIC) continued to fall for the fifth day running on Monday and further declined by nearly 3 per cent, dragging its market valuation below the Rs 5 lakh crore-mark.

The Times of India

LIC shares slump to record low of Rs 782.45; market cap slips below Rs 5 lakh crore

MUMBAI: Share price of Life Insurance Corporation of India (LIC) slumped to a record low of Rs 782.45 on Monday, which is 17.55 per cent down from its IPO issue price of Rs 949.

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The Times of India

Determination of embedded value 'work in progress': LIC MD

MUMBAI: State-owned Life Insurance Corporation of India (LIC) on Tuesday said the exercise of determining its embedded value as on March 2022 is a "work in progress" and is likely to be completed by the end of next month.

The Times of India

LIC to declare financial results for FY22 on May 30; board to consider dividend payment

NEW DELHI: The board of directors of the state-owned Life Insurance Corporation of India (LIC) is scheduled to meet at the end of this month to declare the financial results for the fiscal year ended March 2022.

Dynamite News

HC rejects plea against disinvestment

The Madras High Court has rejected a PIL plea challenging the amendments made in the Finance Act and LIC Act, which enabled the central government to disinvest its stakes in the Life Insurance Corporation of India.

The Hindu

LIC is our country’s kamadhenu, says Minister

Under no circumstances, the dilution of the stake held by the government in the Life Insurance Corporation of India would be allowed, said Minister I. Periasami here on Saturday.

The Hindu

Insurance employees against LIC’s IPO

Opposing the proposal to come out with an Initial Public Offer (IPO) of the public sector undertaking - Life Insurance Corporation of India, the employees affiliated to various trade unions staged a demonstration near VVD Junction here on Saturday.

The Times of India

There's buzz, interest in market for LIC IPO: Nirmala Sitharaman

NEW DELHI: Amidst the ongoing buzz around Life Insurance Corporation of India's (LIC) market debut, the finance minister on Tuesday assured that the government will go ahead with it.

The Times of India

LIC doubles down on March listing despite stock swings

NEW DELHI: Life Insurance Corporation of India (LIC) reiterated plans to list in March despite volatile global markets, signaling urgency from the government to mop up inflows.

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