Sun, Nov 26, 2023
Customer acquisition is done through three modes--agent, bancassurance and direct sale.LIC gets most of its new customers through its agents.
Fri, Aug 11, 2023
Continuous efforts to meet the expectations of investors: Siddharth Mohanty, Chairman, LIC
How were LIC's results in Q1? Profit up 13x to ₹9544 crore. Premium income, VNB margin also increased. From where did the results get support? What is the growth outlook going forward?
Declaration of ₹3/share dividend
Wed, May 24, 2023
According to a domestic brokerage house Phillip Capital, life insurers' annual premium equivalent (APE) growth is expected to be muted in the quarter ended in March 2023.
Wed, May 17, 2023
Life Insurance Corporation (LIC) shares were listed on stock exchanges NSE and BSE on May 17, 2022. The stock, following a mega IPO of the state-run life insurance giant, debuted on the bourses at a discount of eight per cent to the issue price. Here's a quick recap.
LIC shares were listed on stock exchanges NSE and BSE on May 17, 2022. The stock, following a mega IPO of the state-run life insurance giant, debuted on the bourses at a discount of eight per cent to the issue price. Here's a quick recap.
A year after Life Insurance Corporation (LIC) listed its shares on the stock exchanges, shares of the country's biggest insurer are still quoting at 40 per cent discount to the initial public offering (IPO) price of Rs 949 per share. LIC shares closed at Rs 567.40 on the BSE on Tuesday.
Mon, Apr 10, 2023
The insurance behemoth LIC is adapting to the trend that gave rise to digitalisation. Now, you can pay LIC premium online using the company's official websites or UPI applications, like Gpay and Paytm.
LIC Mitra: LIC Mitra allows users to know about LIC products, past premiums paid, upcoming premiums, policy maturity date and much more.
Tue, Mar 14, 2023
LIC has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore in December 2022 and Rs 6,182.64 crore on March 5, 2023. Of the total Rs 6,183 crore, LIC has an exposure of Rs 5,390 crore to APSEZ
Sun, Mar 12, 2023
The appointment of Mohanty was cleared by the government, wherein he will hold the Chairman’s position for a period of three months, according to the exchange filing of LIC.
Sat, Mar 04, 2023
The value of LIC's shareholding in the Adani Group stocks has risen by about Rs 9,000 crore since and at Friday's closing price, it stands at Rs 39,068.34 crore, according to information available on the stock exchanges.
Tue, Jan 03, 2023
Domestic brokerage firm Kotak Institutional Equities has initiated a Buy rating on LIC with a target price of Rs 1,000, implying 40% upside from current level.
Tue, Dec 20, 2022
The shares of the state-owned insurer have cracked 22 per cent and 16 per cent from its issue price of Rs 949 per share and listing price of Rs 875 per share, respectively, on the exchanges.
Mon, Nov 14, 2022
Life Insurance Corporation of India share price zoomed more than 9% intraday on November 14, as investors cheered the state-owned insurer's robust September quarter results.
Fri, Nov 11, 2022
State-owned insurer LIC on Friday reported a multi-fold jump in net profit to Rs 15,952 crore in the September quarter, boosted by profits from its investments.
The insurer had a net profit of Rs 1,434 crore in the year-ago period, according to a regulatory filing.
Mon, Nov 07, 2022
The state-owned life insurer increased its shareholding from 2,27,04,306 shares (equivalent to 6.862 per cent) to 2,93,95,224 (8.884 per cent) in Voltas, according to a regulatory filing on Monday.
Tue, Nov 01, 2022
As per regulatory norms, listed companies are required to inform stock exchanges when their shareholding in a company crosses 5 per cent.
Tue, Oct 11, 2022
Currently, RBI guidelines allow industrial houses to hold a maximum of 10 per cent stake in private sector banks, but they cannot be a promoter.
Wed, Sep 28, 2022
As per Sebi's regulatory norm, listed companies have to disclose shareholding in excess of 2 per cent.
Mon, Sep 12, 2022
Life Insurance Corporation of India (LIC), which is also a domestic institutional investor (DII), held 2,58,00,466 equity shares or 7.72 per cent stakes in HAL.
Sun, Sep 11, 2022
LIC New Pension Plus Plan 867 Benefits, Details: LIC New Pension Plus plan is suitable for young persons to make provisions for retirement. The plan can be purchased both offline and online from LIC's official website licindia.in.
Sat, Aug 27, 2022
PMVVY Scheme Details, Interest Rate 2022: The Pradhan Mantri Vaya Vandana Yojana was launched in 2017. It was initially available for subscription till March 31, 2020. But the government extended the last date till March 31, 2023.
Thu, Aug 25, 2022
LIC Share Dividend 2022 Record Date: LIC NSE: LICI will pay a dividend of Rs 1.50 per share to its shareholders. LIC share price has declined 18 per cent since its listing in May. LIC is the country's largest insurer.
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