Tuesday, Jun 18, 2024 | Last Update : 12:47 AM IST

Life Insurance Corporation

Insurers cannot decline covid19 death claim settlement

All life insurers, both public and private, are committed to process any death claim pertaining to covid-19 at the earliest

06 Apr 2020 2:21 PM

LIC to have 2 new MDs, interviews soon

According to a top ministry source, the probable candidates have been short-listed for the positions and the interviews would be held shortly.

01 Aug 2019 1:21 AM

LIC new premium more than doubles in June; pushes industry collection to Rs 32,241 cr

All the 24 life insurers had written new gross premium of Rs 16,611.57 in the same month a year ago.

14 Jul 2019 12:07 PM

Life insurers see strong growth

April has particularly been fruitful for the listed players in new business premium. All the four listed players saw high growth rates.

18 May 2019 2:33 AM

LIC Bahrain ops downgraded

As LICI is an offshore subsidiary of LIC of India, AM Best has placed these credit ratings concurrently under review with negative implications.

09 Apr 2019 1:37 AM


PFC completes REC acquisition, pays Rs 14,500 cr to government

The transaction has helped the government meet its disinvestment target of Rs 80,000 crore for the current financial year.

28 Mar 2019 2:30 PM

LIC's open offer for 26 pc stake in IDBI Bank to begin from December 3

The open offer, at Rs 61.73 per equity share, will close on December 14.

11 Oct 2018 7:15 PM

Govt shifts to top gear for resolving IL&FS crisis

Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.

09 Oct 2018 5:08 PM

IDBI officers allege LIC deal violates status quo assurance

IDBI Bank on October 4 allotted about 33.99 crore equity shares to LIC at a price of Rs 61.73 per share.

08 Oct 2018 11:38 AM

LIC board to meet tomorrow to decide IDBI Bank stake hike plan

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

03 Sep 2018 11:57 AM


IDBI Bank approves issuance preference shares to LIC

The move will eventually lead to acquisition of 51 per cent shareholding by the insurance behemoth in the debt-ridden lender.

31 Aug 2018 3:25 PM

LIC Board to meet on Sept 4 to decide on raising stake to 51 pc in IDBI Bank

The board will consider the proposal on August 31.

30 Aug 2018 1:01 PM

LIC to buy 14.9 per cent stake in IDBI Bank

Union Cabinet had approved LIC's proposed acquisition of up to 51 per cent stake in debt-ridden IDBI Bank.

28 Aug 2018 7:10 PM

Questions of propriety raised over LIC bailing out IL&FS

The IL&FS bailout would be one of the biggest for the insurer, as it would mean taking over a debt of Rs 65,000 crore.

14 Aug 2018 9:18 AM

IDBI Bank gets govt nod for acquisition by LIC

Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.

08 Aug 2018 5:38 PM


Young IDBI staff threatens suicide as merger plan with LIC moves on

IDBI Bank Officers’ Association, in association with AIBOC, will go on strike from August 6-10.

06 Aug 2018 1:53 PM

LIC-IDBI Bank deal gets clearance from Cabinet

The LIC-IDBI deal has been approved, after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.

01 Aug 2018 4:05 PM

LIC board approves acquisition of up to 51 per cent stake in IDBI Bank

Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.

16 Jul 2018 2:28 PM

LIC unions oppose acquisition of IDBI Bank by insurer

LIC currently holds 11 per cent stake in IDBI bank and its total stressed portfolio is 35.9 per cent of total loans.

10 Jul 2018 4:17 PM

Game of daylight robbery

PSUs have been repeatedly used by successive governments to bail out sick units or failed attempts to raise funds.

08 Jul 2018 12:05 AM