Articles about Life Insurance Corporation of India

Ahead of IPO, anchor investors show massive interest in LIC

26 Apr 2022

Business
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.

LIC files papers for India's biggest IPO

14 Feb 2022

India
LIC files papers for India's biggest IPO

The Life Insurance Corporation of India (LIC) has filed the draft share sale documents for its initial public offering (IPO) with the markets regulator Securities and Exchange Board of India (SEBI).

Life insurers spend Rs. 2,000 crore on COVID-19 death claims

29 Mar 2021

Business
Life insurers spend Rs. 2,000 crore on COVID-19 death claims

A total of 24 life insurance companies spent crores of rupees on COVID-19 death claims that are over and above the death claims that they usually receive every year.

Government could reserve 10% of LIC IPO for policyholders

03 Feb 2021

Business
Government could reserve 10% of LIC IPO for policyholders

In her annual Budget speech, Finance Minister Nirmala Sitharaman said that the initial public offering (IPO) of Life Insurance Corporation of India (LIC) will be launched this year.

Union Budget 2021: Government to launch LIC IPO in FY22

01 Feb 2021

India
Union Budget 2021: Government to launch LIC IPO in FY22

In a major disinvestment push, Finance Minister Nirmala Sitharaman on Monday announced that the government plans to take control of two public sector banks and one general insurance company for stake sale in 2021-22.

Explained: The rise and fall of Yes Bank

06 Mar 2020

Business
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.

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

01 Feb 2020

India
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

01 Feb 2020

Business
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.

I-T seizes Rs. 93cr in cash, jewelry from Kalki Bhagavan

19 Oct 2019

India
I-T seizes Rs. 93cr in cash, jewelry from Kalki Bhagavan

The Income Tax department has detected an undisclosed amount of over Rs. 500 crore from the premises of self-styled godman and spiritual guru Kalki Bhagavan, who claims to be the tenth avatar of Lord Vishnu.

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

29 Dec 2018

Business
#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.

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

13 Aug 2018

India
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.

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

29 Jul 2018

India
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

21 Jul 2018

India
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.

LIC board approves acquisition of 51% stake in IDBI Bank

16 Jul 2018

Business
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.

#PolicyExplainer: All about Pradhan Mantri Jeevan Jyoti Bima Yojana

26 Jun 2018

Business
#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.

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

02 Jun 2018

India
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.

#FinancialBytes: 6 best Life Insurance policies available in India

22 Apr 2018

Business
#FinancialBytes: 6 best Life Insurance policies available in India

Almost everyone has heard of "Life Insurance". It is one of the safest and best ways to protect one's family and their future in case of the policyholder's untimely demise.

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

17 Apr 2018

Business
#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.

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

17 Feb 2018

India
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.

Railways to invest $150 billion and create a million jobs

29 Oct 2017

India
Railways to invest $150 billion and create a million jobs

Railway minister Piyush Goyal, who took over in August after a cabinet reshuffle, said that the Indian Railways would invest $150 billion and create one million jobs over the next five years.

NTPC share-sale is expected to fetch govt Rs. 13,800 crore

30 Aug 2017

Business
NTPC share-sale is expected to fetch govt Rs. 13,800 crore

Following Rs. 22,500 crore OFS in Coal India in 2014-15 and Rs. 15,200 crore IPO in 2010, the government will now conduct its third-biggest disinvestment deal.

Maharashtra police to get meat detection kits!

07 Jul 2017

Mumbai
Maharashtra police to get meat detection kits!

Maharashtra police will get meat-detection kits by next month in order to check if the seized meat is that of a cow.

Gen. Insurance companies to be listed on stock market

18 Jan 2017

Business
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.

Private insurance players struggling to make profits

31 Aug 2016

Business
Private insurance players struggling to make profits

According to media reports, the future of the Indian insurance industry doesn't look bright.