LIC: News

Hindenburg report under evaluation, Adani Group would be questioned: LIC

Life Insurance Corporation (LIC) on Monday said that the Adani Group's response to the US-based short-seller Hindenburg Research's criticism was under evaluation and the group's management would be questioned soon, Reuters reported.

09 Sep 2022


#NewsBytesExplainer: What is LIC's new pension scheme for senior citizens

The registration for Pradhan Mantri Vaya Vandana Yojana (PMVVY) the prestigious pension scheme by Life Insurance Corporation (LIC) is still on for a few months.

LIC records 18% fall in standalone net profit; announces dividend

State-run insurance giant Life Insurance Corporation of India (LIC) has announced its first quarterly results as a publicly traded company.

LIC IPO debuts on Dalal Street at discounted price

Following a much-awaited Initial Public Offering (IPO), LIC has made its debut on Dalal Street.

Subscriptions for LIC IPO open: Everything you need to know

Subscription for the Initial Public Offering (IPO) of India's insurance behemoth Life Insurance Corporation (LIC) has opened today. The bidding will remain open for the general public till May 9.

27 Apr 2022


LIC IPO: Bid dates, prices, and other important details revealed

Life Insurance Corporation of India's (LIC) initial public offering (IPO) subscription will open for bidders on May 4 and shall close on May 9.

Ahead of IPO, anchor investors show massive interest in LIC

The Life Insurance Corporation of India's (LIC) initial public offering (IPO) is set to be launched on May 4 and will remain for subscriptions until May 9, PTI reported.

Explained: The rise and fall of Yes Bank

Yes Bank depositors panicked when on Thursday, the Reserve Bank of India (RBI) capped cash withdrawals at Rs. 50,000.

03 Mar 2020

Donald Trump

Delhi riots: 122 homes, 301 vehicles damaged, says interim report

With the dust on one of the worst communal clashes to hit Delhi settling, officials are assessing the damage and the details are staggering.

01 Feb 2020

Rajnath Singh

5 big takeaways of Nirmala Sitharaman's budget you should know

Finance Minister Nirmala Sitharaman presented her second Union Budget at a time when the Indian economy is struggling, raising concerns among world bodies like the International Monetary Fund (IMF).

Budget 2020: Government to sell LIC holdings through IPO

Announcing the Union Budget 2020-21 on Saturday, Finance Minister Nirmala Sitharaman said that Life Insurance Corporation of India will now be listed on stock exchanges.

25 Nov 2019

Shah Rukh Khan

SRK and Abhishek Bachchan unite for 'Bob Biswas' origin story

There are many reasons that made the 2012 Sujoy Ghosh thriller Kahaani the phenomenon that it became. One reason was the iconic character of Bob Biswas, a regular-looking LIC agent who moonlighted as a cold-blooded contract killer.

29 Dec 2018


#PolicyExplainer: Get Rs. 2,00,000 life-insurance at Rs. 330/year with PMJJBY

Life insurance is one of the most important financial products to have. It is the best way to protect one's family and their future in case of the policyholder's untimely demise.

12 Dec 2018

West Bengal

#AssamNRC: SC extends deadline for claims, objections to December 31

On Wednesday, the Supreme Court extended the deadline for filing claims and objections pertaining to the Assam National Register of Citizens (NRC) till December 31.

13 Aug 2018


SBI bags the title of 'India's most patriotic brand': Survey

India's largest lender State Bank of India (SBI) is considered to be the country's most patriotic brand, according to a survey.

29 Jul 2018


Insurance money worth Rs. 15,167cr lying unclaimed with firms

Twenty-three life insurers in India are sitting on unclaimed insurance money of as much as Rs. 15,167cr, with Life Insurance Corporation (LIC) accounting for the lion's share.

ED files charge sheet against ex-HP CM Virbhadra's son

The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against former Himachal Pradesh Chief Minister, Virbhadra Singh's son Vikramaditya, in a money laundering case which also involves Virbhadra.

17 Jul 2018


#FinancialBytes: Situations in which you can withdraw PF before retirement

Employees Provident Fund (EPF) is primarily a retirement benefit scheme by the Government of India for all salaried individuals in which employees get their accumulated funds after retirement or job-loss to finance their expenditures.

16 Jul 2018


LIC board approves acquisition of 51% stake in IDBI Bank

The LIC board today gave approval to the insurance behemoth for acquiring of up to 51% stake in IDBI Bank, Economic Affairs Secretary SC Garg said today.

26 Jun 2018


#PolicyExplainer: All about Pradhan Mantri Jeevan Jyoti Bima Yojana

The Government of India launched a life insurance scheme called 'Pradhan Mantri Jeevan Jyoti Bima Yojana' (PMJJBY) in 2015, offering coverage for death.

12 Jun 2018

Delhi High Court

#FIITJEEMetroStationRow: HRD-Ministry writes to MoHUA over metro-station's name outside IIT-Delhi

The HRD Ministry has written to the Ministry of Housing and Urban Affairs, seeking its intervention in the ongoing row over the name of a metro station outside the IIT-Delhi's campus.

02 Jun 2018


Telangana: Farmers to get free Rs. 5 lakh life insurance

The Telangana Government has announced it would soon implement a Rs. 5 lakh life insurance scheme for farmers in the state.

Investment-options for elderly: PMVVY limit doubled to Rs. 15L

In a significant step to provide the elderly a stable income, the government has doubled the investment limit under the Pradhan Mantri Vaya Vandan Yojana (PMVVY) to Rs. 15L from the current Rs. 7.5L.

17 Apr 2018


#FinancialBytes: Planning to buy house? Here are 6 home-loan options

All major banks and house financing companies offer home loans that provide funding for buying or constructing houses and residential properties.

23 Mar 2018


Mumbai to host cricket tournament for the physically challenged

India's top physically challenged cricketers will be seen in action in the 8th All-India LIC "Divyang" Inter-Zonal Cricket Championship to be held in Mumbai from March 30 to April 1.

17 Feb 2018


Nirav Modi case: CBI arrests PNB's ex-Deputy Manager, two others

The CBI has arrested Punjab National Bank's former Deputy Manager Gokulnath Shetty, Single Window Operator Manoj Kharat, and the authorized signatory of Nirav Modi Group of Firms Hemant Bhat in connection to the alleged Rs. 11,400cr banking fraud by Nirav Modi and Mehul Choksi.

15 Feb 2018


Delhi govt organizes two-day job fair to fill 15,000 vacancies

A two-day job fair organized by the Delhi government started today at the Tyagraj Stadium.

25 Jan 2018


Govt mulls higher tax deduction limits, but with conditions

According to reports, the finance ministry is considering offering relief to taxpayers; there are discussions to increase the current Rs. 2L deduction limit to Rs. 2.5L.

30 Nov 2017


The 'apolitical' family of PM Modi: Here's all about them

PM Modi is an outspoken critic of dynastic politics and nepotism; he practices what he preaches.

14 Nov 2017


Jawaharlal Nehru: Visionary, charismatic statesman with his own quirks

Jawaharlal Nehru, India's first PM, was a man of contradictions. Though democratic in approach, he had an authoritarian hold over his government.

19 Oct 2017

West Bengal

Massive fire in Kolkata's Jeevan Sudha building

A massive fire broke out in Kolkata's iconic Jeevan Sudha building. The establishment houses important organizations like the SBI, LIC and more.

11 Apr 2017


Prachi Sukhwani, with 80% vision loss, makes it to IIM-A!

21-year-old Prachi Sukhwani of Vadodara, who suffers 80% vision loss, is making headlines for her inspiring achievement: she has cracked the Common Admission Test for 2016 and made it to the premier Indian Institute of Management-Ahmedabad!

21 Feb 2017

Arun Jaitley

Three railway PSUs listed for divestment

The government today started listing three of its fully-owned railway PSUs, namely Indian Railway Catering and Tourism Corporation (IRCTC), Indian Railway Finance Corporation and engineering-construction company IRCON limited for divestment.

07 Feb 2017


Govt reduces stakes in ITC by 2%

The government divested 2 percent of its stake held in FMCG giant ITC through the Specified Undertaking of the Unit Trust of India (SUUTI).

06 Feb 2017

Arun Jaitley

Ambitious divestment target in the budget

In the period of 12 months starting April 17, the government hopes to raise Rs 72,500 crore from a three-fold divestment plan for Public Sector Undertakings (PSU).

03 Feb 2017


BSE makes debut listing on NSE

The Bombay Stock Exchange (BSE) was listed on its rival National Stock Exchange (NSE) today; BSE recently concluded its Rs. 1,234 crore initial public offering.

26 Jan 2017


BSE subscribed 51 times on IPO last day

BSE's IPO received 51 times more bids than the number of shares on offer on the last day of its IPO.

23 Jan 2017


BSE IPO launch today

The Bombay Stock Exchange is set for its IPO today, seeking to raise Rs.1,243.4 crore. Analysts say BSE's valuation is reasonable. It seeks to sell stocks at Rs.805-806 per share in the three-day IPO.

18 Jan 2017


Gen. Insurance companies to be listed on stock market

At a Cabinet meeting that took place on Wednesday, Finance Minister Arun Jaitley said that 5 general insurance companies were given the go-ahead to be listed on the stock market.

17 Jan 2017


BSE IPO at Rs.805-806

BSE has fixed the price range of its IPO at Rs.805-806. It plans to raise at least Rs.1243 crore through the IPO, which will be open from Jan 23-25.