LIC would be India’s most valued firm if listed: Arun Jaitley
Union Finance Minister Arun Jaitley said the Life Insurance Corporation of India (LIC) would have been the most-valued company in the country if it was listed. "If you were a…
60 Years of Service and Trust – Diamond Jubilee Year of LIC
Life Insurance Corporation of India completes 60 years of its incorporation on 1st September, 2016. LIC has played a significant role in spreading life insurance among the masses and mobilisation…
Private sector can be a challenge to LIC
HDFC chairman Deepak Parekh has said that private sector insurance companies can give big challenge to public sector Life Insurance Corporation in terms of grabbing market shares. "We all know…
LIC won’t hike investment in stocks in 2016-17
Life Insurance Corporation of India (LIC) will invest around the same amount in equities as it did last year, and increase its investments in debt instruments. LIC, which invested around…
LIC willing to be part of NIIF
Life Insurance Corp of India (LIC) has said it is willing to participate in India's maiden sovereign wealth fund National Investment and Infrastructure Fund (NIIF) as the state-owned company's own…
AGENTS ARE INFLUENTIAL AND WIDELY ACCEPTED INSURANCE INTERMEDIARIES
The life insurance segment is struggling with a high rate of agent attrition. Over the past three years, some 900,000 agents have quit. The most common reasons cited are lack…
LIC to set up credit enhancement fund shortly
LIC will "shortly" announce setting up of a credit enhancement fund to provide guarantees for infrastructure sector companies to help them access funds from domestic and overseas markets at lower…
Customers loyal to LIC the most, followed by Kotak Life
Life Insurance Corporation of India (LIC) has held on to its position as a brand that customers are most loyal to, but it is fast losing the huge lead it…
LIC Chairman S K Roy resigns before term ends
S.K. Roy, the head of Life Insurance Corp (LIC), the biggest single investor in the country, has tendered his resignation two years before his term was due to end. Roy…
LIC to get 1.6 million shares on discount
LIC will get 1.6 million shares at Rs 96.63 each, a slight discount to the market price of Rs 97.95. Even so, there's a rider. The bank has mentioned in…