Life Insurance Corporation of India: News

17 May 2023


Why LIC share continues to struggle a year after IPO 

One year ago today, Life Insurance Corporation of India (LIC), India's largest insurer, made its debut on the stock exchanges. It was touted as a big-bang listing that would change India's equity market.

06 Feb 2023

Congress Party

Adani-Hindenburg row: Congress launches nationwide protest, calls for probe

The Congress on Monday took to the streets nationwide, calling for an impartial investigation into the fraud allegations against Adani Group, which it claimed endangers public savings.

04 Feb 2023

Nirmala Sitharaman

Regulators monitoring Adani-Hindenburg crisis, FPO pullout hardly impacted economy: Sitharaman

Union Finance Minister Nirmala Sitharaman on Saturday said that market regulators are independently monitoring the crisis around Adani Group, which is facing allegations of stock manipulation and accounting fraud.

02 Feb 2023


Ruckus in Parliament as Opposition demands discussion on Adani-Hindenburg row

Proceedings in the Lok Sabha and Rajya Sabha were adjourned till 2 pm on Thursday after the Opposition kicked up a storm, demanding discussion on the risk to Indian investors in view of the diminishing value of Adani Group's shares following allegations of fraud leveled by US-based Hindenburg Research.

30 Jan 2023


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.

04 Aug 2022


LIC, Reliance among Indian companies in Fortune Global 500 list

The Fortune Global 500 is the list of the top 500 corporations in the world based on their revenue. In the 2022 edition of the list published by Fortune magazine, nine companies from India have found their place.

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.

14 Feb 2022


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).

29 Mar 2021


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.

03 Feb 2021

Nirmala Sitharaman

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.

01 Feb 2021

Air 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

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

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.

19 Oct 2019


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.

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.

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.

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.

22 Apr 2018


#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.

30 Aug 2017


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.

07 Jul 2017


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.

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.

31 Aug 2016


Private insurance players struggling to make profits

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