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The Latest Breaking News from Life Insurance Corporation of India

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

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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

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

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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.

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.

The Times of India

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.

Dynamite News

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 Hindu

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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.

The Times of India

Explained: Who is eligible for the LIC IPO discount?

NEW DELHI: The government-owned Life Insurance Corporation of India's initial public offering (IPO) could be launched as early as next month. The initial public offering of over 31.6 crore shares or 5 per cent government stake would be the country's biggest yet.

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