LIC under invested in banking stocks
Life Insurance Corporation of India (LIC) is under invested in banking stocks compared to the overall market. These accounted for around 18 per cent of LIC's equity portfolio at the…
India First Life penalized by IRDA
The Insurance Regulatory and Development Authority of India has imposed Rs. 65 lakh penalty on India First Life insurance company for a number of violations. According to IRDAI Chairman T…
LIC leaps to support Indian Equity Markets
Life Insurance Corporation of India(LIC), India's largest domestic institutional investor, stepped in to support Indian equity markets over the past month-and-a-half as foreign funds headed for the exit doors,…
LIC organises 55th All India Sr. Divisional Mangers’ Conference
The 55th All India Sr. Divisional Managers' Conference, annual strategy meeting of LIC of India was held in Mumbai from 11th to 13th May 2015. The meeting began with address…
SBI take into service PwC for valuation, IAG supports Deloitte for JV
State Bank of India is ardent to divest further stake in its foreign partner Insurance Australia Group, for which it has already hired consultancy PwC to carry out the valuation…
Bharti’s insurance ventures’ zooms high
The Bharti group's stake valuation has gone up multiple times in both life and general insurance companies they were operational. The group is divesting its stake to AXA group, which…
LIC sets ambitious target for east zone
With the back of a stronger product portfolio and tie-ups with the banks.The LIC is aiming for a 15 per cent growth in first premium income and a 10 per…
LIC raises stake in Canara Bank, Bank of Baroda
The Life Insurance Corporation (LIC) has raised stake in state-owned Canara Bank by about 7.7 per cent through preferential allotment of shares. It has also increased its stake in another…
Benett, Coleman to buy majority stake in Aegon Religare life Insurance
Religare Enterprises Ltd (Religare) has decided to sell its 44 percent stake in Aegon Religare Life Insurance Company Ltd to Bennett Coleman and Company Ltd (BCCL), one of the joint…
LIC : Towering over the rest
The top 10 insurance companies hold more than Rs 4.56 lakh crore in Indian equities. Life Insurance Corporation of India (LIC) is the biggest investor in terms of value, and…