ADIA eyes stake in Aditya Birla Health Insurance
Abu Dhabi Investment Authority (ADIA) is in talks with Aditya Birla Group to invest around Rs 1,200-1,500 crore in the Aditya Birla health insurance arm as growth equity, people in…
LIC gains 2% market share in new business premium
LIC has gained over 200-basis points (bps) market share in new business premium (NBP) during the April-June quarter of FY23. According to IRDAI data, at the end of the June…
LIC valuation dips Rs. 40,000 cr on stock market fall, rising rates
Life Insurance Corp. of India (LIC) has suffered a Rs. 40,000 crore hit on its valuation due to the extended fall in equity markets and rising interest rates affecting yields…
LIC embedded value flat at Rs. 5.41 trillion
Life Insurance Corporation of India’s (LIC's) Indian embedded value (IEV) grew marginally to Rs 5.41 trillion as of March 2022 compared with Rs 5.39 trillion as of September 2021, even…
No takers for Rs. 3,400 croreReliance Capital bonds
LIC’s plan to sell its exposure in bonds worth Rs 3,400 crore issued by Reliance Capital (RCap) did not find any takers among asset reconstruction companies (ARCs), as the deadline…
LIC to invest Rs. 80.67 crore in rights issue of its Nepal arm
LIC will invest Rs 80.67 crore in the proposed rights issue of its joint venture LIC (Nepal) Ltd. The proposal was approved during the insurer's board meeting. ''Approval has been…