LIC

Life Insurance Corporation of India (LIC) crossed the Rs 5 trillion market capitalisation mark in intra-day trade. LIC shares hit an intra-day high of Rs 800 before settling at Rs…

LIC is the fourth largest insurer in the world, according to a ranking based on life and accident & health reserves of companies in 2022 by S&P Global Market Intelligence.…

As part of its digital transformation exercise, LIC is exploring the possibility of setting up a fintech unit. LIC has initiated a total digital transformation project DIVE (Digital Innovation and…

LIC has now put in place a framework for appointment of ‘shareholders’ director’ in its board. This framework — which has been introduced through a new regulation — comes 18…

LIC has notified an increase in gratuity limit to Rs 5 lakh from Rs 3 lakh for its agents.The increase was effected by amending the Life Insurance Corporation of India…

LIC said, the Finance Ministry has given it a one-time exemption from the 25 per cent public shareholding rule. The rule says a listed entity with a market cap of…

Shares of LIC, surged 10% to hit an eight-month high on expectation of double-digit growth in new business premiums.The insurer is expecting higher growth, chairman Siddhartha Mohanty recently said. Life…

The share of LIC in monthly new business premium (NBP) in the life insurance sector declined to 58.50 per cent in September 2023 from 68.25 per cent in September 2022…

LIC has launched a special campaign to revive lapsed policies at a discounted premium. The campaign, to mark the insurer's 67th anniversary, will run from September 1 to 30. During…

LIC may require at least five more years to comply with the minimum public shareholding of 25 per cent beyond the current exempted timeline of 2027. Formal communication in this…