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
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
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
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
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
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
The open offer, at Rs 61.73 per equity share, will close on December 14.
11 Oct 2018 7:15 PM
Chiefs of SBI, LIC meet FM to discuss matters relating to infra lender.
09 Oct 2018 5:08 PM
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 is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.
03 Sep 2018 11:57 AM
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
The board will consider the proposal on August 31.
30 Aug 2018 1:01 PM
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
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
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
IDBI Bank Officers’ Association, in association with AIBOC, will go on strike from August 6-10.
06 Aug 2018 1:53 PM
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
Insurance regulator Irdai has already given its approval to the insurer for the stake purchase.
16 Jul 2018 2:28 PM
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
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