LIC

Is the government taking Life Insurance Corporation of India’s (LIC) motto, Yogakshemam Vahamyaham, too seriously? The phrase attributed to Lord Krishna in the Gita, roughly translates as “I will ensure…

Let’s turn on its head, the argument about whether LIC should invest up to 30 per cent in any company’s equity. The government says it is the right decision, but…

Life Insurance Corporation of India (LIC) and the Employee Provident Fund Organisation (EPFO) have decided to fully subscribe to the Rs.7,400 crore bond issue of Air India, thus giving a…

Hard pressed to meet the Rs 30,000 crore disinvestment target, the Finance Ministry today permitted the state-owned Life Insurance Corporation (LIC) to invest up to 30 per cent in a…

A fresh tussle between the government and a regulator has burst out into the open, with the finance ministry allowing Life Insurance Corporation (LIC) to own up to 25% of…

After reporting moderate growth over the past few months, the premium collected by private life insurance companies declined 9% year-on-year (y-o-y ) in September. The poor show impacted the performance…

State-run general insurance companies are setting up a common third-party administrator to settle medical insurance claims, a  move aimed at trimming their unwieldy claims ratio and boosting profitability. The claims…

Life Insurance Corporation of India (LIC) has invested up to Rs 8,000 crore in equities in the last six months. The public sector behemoth has an investment target of Rs…

The government has notified appointment of S B Mathur, former chairman of Life Insurance Corporation, as a part-time member of the  Insurance Regulatory and Development Authority. Mathur has been appointed…

According to the estate officer’s January 10, 2010 order, HMT Ltd had vacated its rented office in Jeevan Tara building in May 2010