Tuesday, Apr 23, 2024 | Last Update : 05:27 PM IST

Life Insurance Corporation of India

Govt amends FEMA rules to allow 20 pc FDI in LIC

The government is planning to dilute its stake in LIC through the Initial Public Offering

18 Apr 2022 12:23 AM

LIC to have CEO, MD positions; government does away with Chairman post

The Department of Economic Affairs under the finance ministry recently amended the Securities Contracts (Regulation) Rules

08 Jul 2021 5:38 PM

LIC bats for a unified regulator to oversee all of India's financial sector

The insurer is of view that the regulatory process in all these sectors need to be simplified

10 Nov 2020 10:43 AM

LIC IPO may get delayed, says Fitch Ratings

LIC has a premium-based market share of almost 70 per cent in life insurance sector.

27 Feb 2020 4:28 AM

LIC tops claims settlement ratio

For LIC, the proportion of repudiations has come down to 0.43 per cent in 2018-19 compared to 0.67 per cent in the previous year.

18 Dec 2019 2:35 AM


LIC mops up over Rs 1,380 crore in a day

The hefty collection came to the insurer for a reason.

10 Dec 2019 1:25 AM

Rs 25,000 crore fund to help revive stalled housing projects

The move will help relieve financial stress faced by large number of middle-class homebuyers who have invested their hard-earned money.

07 Nov 2019 2:56 AM

LIC plans to scrap many key schemes from December 1

LIC’s insurance agents are pushing the existing products hard, asking customers to buy them before they close on November 30.

04 Nov 2019 1:49 AM

LIC to withdraw many products from November 30

Among the retail products that would be closed are some of LIC’s best sellers such as Jeevan Anand, Jeevan Umang, Jeevan Lakshya and Jeevan Labh.

04 Nov 2019 1:03 AM

LIC profits from investments double in Q4

The balance sheet of LIC in FY19 stood at Rs 30.55 lakh crore compared to Rs 27.91 lakh crore in FY18.

28 Jun 2019 2:41 AM


Insurers witness a bumper start

Top private players continued to grow in double digits.

13 Jun 2019 1:11 AM

LIC books profit in Sensex firms in Q4

In Punjab National Bank, not a Sensex stock, the LIC stake came down from 8.89 per cent to 7.34 per cent.

07 May 2019 5:07 AM

LIC grows 6 per cent, private insurers see 22 per cent rise

Private insurers hold one-third market, LIC wields two-thirds.

20 Apr 2019 12:58 AM

LIC top posts may stay vacant

Also, the largest life insurer has to look after recently bought IDBI Bank where LIC is the largest shareholder.

26 Mar 2019 1:41 AM

RBI categorises IDBI as private sector bank

LIC acquisition of majority stake prompts reclassification.

15 Mar 2019 1:25 AM