LIC Housing or IDBI has to stop home loan biz by Nov next year
With Life Insurance Corporation (LIC) becoming a parent company of both IDBI Bank and LIC Housing Finance, either of the subsidiaries will have to wind down its home loan business…
LIC AUM rose Rs. 1 trillion from March-Sept ’21
LIC of India's assets under management (AUM) increased to Rs 38 trillion as of September 2021, compared with Rs 37 trillion as of March 2021, said sources in the know.…
LIC launches special revival campaign for lapsed policies
Life Insurance Corporation of India (LIC) has announced a special revival campaign for individual lapsed policies from February 7 to March 25. This is the second such campaign for revival…
LIC third largest, but gives highest RoE of 82%: CRISIL
LIC is not only the world's largest when it comes to home-market share with over 64.1 per cent of the total gross written premium as of 2020 but also the…
IPO-bound LIC ropes in 6 ind directors
Ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former financial services…
LIC’s unclaimed money tops many ministries’ budgets
The amount of money lying unclaimed with the Life Insurance Corporation of India dwarfs the budgets of many ministries. There was Rs 21,539.5 crore which lay unclaimed with India's largest…
Aditya Birla Sun Life Insurance and Bharat Co-operative Bank (Mumbai) Ltd. Ink Bancassurance Partnership
Collaboration to offer life insurance solutions of Aditya Birla Sun Life Insurance through Bharat Co-operative Bank’s (Mumbai) 103 plus branches Aims at combining synergies to enhance the reach of life insurance products Aditya Birla…
Insurer gets time till Jan ’23 to dispose of ‘other investments’
Life Insurance Corporation (LIC) has received the insurance regulator's nod for time till January-end 2023 to dispose of investments in pension, group and life annuity funds, which do not fall…
LIC fares well in cost to premium ratio
Life Insurance Corporation (LIC), which has a nearly two-thirds market share, fares well in agent productivity and in cost-to-premium ratio. According to the draft prospectus filed by the insurer ,…
Govt files LIC DRHP, may mop up Rs. 1-lakh cr
LIC filed its draft red herring prospectus (DRHP) with SEBI.The issue is completely an offer for sale of 31,62,49,885 equity shares by the promoter, which holds a 100 per cent…