"The budget attempts a balancing act of promoting long term growth while maintaining fiscal prudence given the constraints. It pursues long-term measures towards infrastructure development, higher education, technology adoption, etc.…
As a precursor to its IPO, LIC will soon begin to conduct the process of the valuation of its business. Addressing the media, LIC chairman M R Kumar said, “The…
LIC has infused Rs 46,850.33 crore in equities in the first 10 months of FY20, according to official data. In the April-January period of FY19, LIC has invested Rs 59,115.67…
IDBI Bank and LIC have constituted a joint task force to chart out a roadmap, both for the bank as also its associate companies, even as the bank is considering…
LIC has scored better than private insurers in complaint resolutions in FY18. According to the IRDAI Annual Report 2017-18, released earlier this month, LIC resolved 100 percent of the complaints…
LIC has seen a sharp fall in its net non-performing assets from Rs 70.40 billion in March 2018 to Rs 15.80 billion as of October 31, 2018, according to the…
Chairman, LIC of India, VK Sharma presented a cheque of Rs 2,430.19 crore to Union Finance Minister, Arun Jaitley, as the Government of India’s share of the surplus arising out…
IDBI Bank said in a communication that it has allotted shares worth Rs. 14,500 core to Life Insurance Corporation. The move was part of the ongoing acquisition of a controlling stake in…
Despite an increase in their persistency ratios, most of the life insurance companies in India have at least 25% of policyholders who do not pay premium in next year. In…
State-run Life Insurance Corporation of India (LIC) has sought government approval to buy a controlling stake in troubled IDBI Bank Ltd, said a person with direct knowledge of the matter.…