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Life Insurance Corporation Lic
Business  /  Published 02.12.21

Update PAN to take part in IPO: LIC

The Life Insurance Corporation (LIC), in the run up to its initial public offering, has asked its policyholders to update their PAN so that they can participate in the proposed public offer.  Un...
By PTI in New Delhi

Business  /  Published 30.11.21

LIC allowed to hike Kotak Bank stake

Kotak Mahindra Bank on Monday said that Life Insurance Corporation (LIC) has received permission from the Reserve Bank of India to raise its stake in the private sector lender to 9.99 per cent. The l...
By Our Special Correspondent in Mumbai

Business  /  Published 20.11.21

Paytm shadow on IPOs

Paytm’s dismal stock market debut this week is likely to put a damper on future offerings after the IPO of the digital payments firm ranked among the worst-performing in Indian history, six anal...
By Reuters in Mumbai

Business  /  Published 18.11.21

Centre targets LIC float by March

The much awaited mega-IPO of Life Insurance Corporation is expected to hit the markets in the January-March quarter of the current fiscal as the Centre goes on the overdrive to meet the selloff target...
By Our Special Correspondent in New Delhi

Business  /  Published 11.11.21

LIC slips in premium race

Life Insurance companies promoted by banks such as SBI Life, HDFC Life and ICICI Pridential, Max Life are taking away market share in the retail segment from  LIC. In absolute numbers, insurance...
By A Staff Reporter in Calcutta

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India  /  Published 06.11.21

Hide facts, forfeit insurance

The Supreme Court has ruled that an insured person or nominee is not entitled to compensation if they had suppressed facts, quashing the accident death benefits against a lapsed policy that had been r...
By R. Balaji in New Delhi

Business  /  Published 04.10.21

LIC likely to file IPO papers by November

The country’s largest insurer LIC is likely to file draft papers with Sebi by November for the largest IPO in the country’s history, a finance ministry official has said.    ...
By PTI in New Delhi

Business  /  Published 29.09.21

Foreign flight ban extended

State-backed Life Insurance Corp of India (LIC) is seeking to appoint a chief financial officer, according to a notification on its website, ahead of an initial public offering slated before the end o...
By Reuters in New Delhi

Business  /  Published 27.09.21

Term plan costs to rise

Term life insurance policies may become costlier with reinsurance companies in favour of stricter guidelines on underwriting amid high mortality claims. According to industry sources, reinsurers have...
By A Staff Reporter in Calcutta

Business  /  Published 20.09.21

Pressure to wrap up IDBI stake sale

Most of the merchant bankers who had submitted bids to facilitate the strategic sale of LIC-controlled IDBI Bank has indicated a time-frame of one year to complete the elaborate process, sources said....
By PTI in New Delhi


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