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Life Insurance Corporation of India News

LIC regains market in new business premium; private peers cede ground

LIC's market share had peaked at 68.25 per cent in Q3FY23 and gradually declined over subsequent quarters

LIC regains market in new business premium; private peers cede ground
Updated On : 11 Jul 2024 | 8:13 PM IST

Life insurers extend rally on healthy growth in Q1; ICICI Pru at 52-wk high

As India marches forward to join the ranks of developed nations, the demand for long-term savings, protection and annuity products will only accelerate, believe life insurers.

Life insurers extend rally on healthy growth in Q1; ICICI Pru at 52-wk high
Updated On : 10 Jul 2024 | 2:54 PM IST

LIC's residual stake value surges in top groups on stock market boom

Value of investments in top conglomerates at Rs 4.39 trn, up 37.5%

LIC's residual stake value surges in top groups on stock market boom
Updated On : 07 Jul 2024 | 4:19 PM IST

LIC Chairman Siddhartha Mohanty re-designated managing director & CEO

Arnab Kumar Chowdhury and Charulatha S Kar have taken the charge of executive director (ED) of RBI

LIC Chairman Siddhartha Mohanty re-designated managing director & CEO
Updated On : 01 Jul 2024 | 11:12 PM IST

Will the Indian stock market tank post the Hyundai IPO? What history suggests

Back home, out of the last seven big IPOs to hit the Dalal Street (D-Street) since 2007, the Sensex has lost ground five times post the stocks of these companies debuted at the exchanges

Will the Indian stock market tank post the Hyundai IPO? What history suggests
Updated On : 21 Jun 2024 | 10:03 AM IST

LIC rallies 6% on heavy volumes; stock inches towards record high

The stock hit an intra-day high of Rs 1,062.60 on Friday, and has bounced back 21 per cent from last week's low of Rs 880.70 touched on June 4.

LIC rallies 6% on heavy volumes; stock inches towards record high
Updated On : 14 Jun 2024 | 12:57 PM IST

LIC to enter health insurance market via private health insurer: Report

Earlier, LIC Chairman Siddhartha Mohanty had spoken about exploring "inorganic" options for the company's foray into the health insurance segment

LIC to enter health insurance market via private health insurer: Report
Updated On : 14 Jun 2024 | 10:48 AM IST

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore

LIC trimmed its stake in group flagship Adani Enterprises from 4.26 per cent to 3.93 per cent over the past year

LIC's Adani group portfolio value surges 51.6% at Rs 66,000 crore
Updated On : 02 Jun 2024 | 2:46 PM IST

After encouraging Q4, outlook positive for public sector insurer LIC

LIC has an industry leading position despite the aggressive catch up from private competitors

After encouraging Q4, outlook positive for public sector insurer LIC
Updated On : 29 May 2024 | 9:04 PM IST

LIC eyes double-digit FY25 premia growth and health insurance foray

Explore stake buy in standalone health insurer

LIC eyes double-digit FY25 premia growth and health insurance foray
Updated On : 28 May 2024 | 6:37 PM IST

May enter into health insurance, explore inorganic options: LIC chairman

LIC chairman Siddhartha Mohanty has said that the insurer would enter into the health insurance segment and can explore inorganic options if such an opportunity arises. There are expectations that composite licences may be permitted by amending the Insurance Act. As per the Insurance Act, 1938, and the regulations of the Insurance Regulatory Development Authority of India (IRDAI), composite licensing for an insurer to undertake life, general, or health insurance under one entity is not allowed. LIC is not an expert in general insurance like fire and engineering but it can do health insurance, he said while sharing financial numbers for FY24. "Internal work is going on...we will explore inorganic growth in health insurance," he said. In February, a parliamentary panel suggested the introduction of a composite licence for an insurer to undertake life, general, or health insurance under one entity to increase the penetration of insurance in the country. The panel headed by BJP leader

May enter into health insurance, explore inorganic options: LIC chairman
Updated On : 28 May 2024 | 2:21 PM IST

Stock market guide for May 28: Gift Nifty up, LIC in focus; Asian mood dull

All you need to know before the market opens on Tuesday: Markets in the Asia-Pacific region were seen trading on a flat note; LIC to react to Q4 results; Key levels to track on Nifty, Bank Nifty today

Stock market guide for May 28: Gift Nifty up, LIC in focus; Asian mood dull
Updated On : 28 May 2024 | 7:16 AM IST

LIC Q4 results: Net profit rises 2.5%, dividend declared at Rs 6 per share

The government who is the largest shareholder in the company will get a dividend of Rs 3,662 crore

LIC Q4 results: Net profit rises 2.5%, dividend declared at Rs 6 per share
Updated On : 27 May 2024 | 8:59 PM IST

LIC Q4 results: PAT rises 2% to Rs 13,763 cr, total income at Rs 2.5 trn

Insurance behemoth LIC on Monday posted a marginal 2 per cent increase in net profit at Rs 13,763 crore in the fourth quarter ended March 2024. The insurer had earned a profit of Rs 13,428 crore in the corresponding quarter a year earlier. The total income of the insurer during the reporting quarter rose to Rs 2,50,923 crore from Rs 2,00,185 crore in the same period of the previous fiscal, LIC said in a regulatory filing. LIC's income from first-year premium also improved to Rs 13,810 crore in the latest January-March quarter against Rs 12,811 crore in the same period of preceding fiscal. The income from renewal premiums in the reporting period rose to Rs 77,368 crore compared to Rs 76,009 crore a year ago. During the entire financial year ended March 2024, the insurer earned a profit of Rs 40,676 crore as compared to Rs 36,397 crore in the previous fiscal.

LIC Q4 results: PAT rises 2% to Rs 13,763 cr, total income at Rs 2.5 trn
Updated On : 27 May 2024 | 7:35 PM IST

Q4 results today: LIC, NMDC, AstraZeneca among 303 firms to post earnings

Q4 FY24 company results: Elgi Equipments, Natco Pharma, Nalco, Goodyear India, and IFB Ind will be releasing their fourth quarter report on May 27

Q4 results today: LIC, NMDC, AstraZeneca among 303 firms to post earnings
Updated On : 27 May 2024 | 10:29 AM IST

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding
Updated On : 15 May 2024 | 12:41 PM IST

LIC stock up 5.5% as Sebi gives 3 more yrs to meet public shareholding norm

LIC news: The revised timeline for LIC to achieve 10 per cent public shareholding is on or before May 16, 2027

LIC stock up 5.5% as Sebi gives 3 more yrs to meet public shareholding norm
Updated On : 15 May 2024 | 12:00 PM IST

LIC gets 3-year extension from Sebi to meet public shareholding norms

Sebi regulations require all listed companies to maintain a 25% public float, but firms with a post-issue market capitalisation exceeding Rs 1 trillion have a 5-year timeline to meet the 25% MPS rule

LIC gets 3-year extension from Sebi to meet public shareholding norms
Updated On : 15 May 2024 | 11:56 AM IST

LIC's premium collection in April at Rs 12,384 crore, highest since 2014

State-owned Life Insurance Corporation of India (LIC) on Friday said its premium collection in April was Rs 12,384 crore, the highest for the month since 2014. Quoting Life Insurance Council's latest figures, the insurance behemoth said the total premium collected by LIC in April 2024 was Rs 12,383.64 crore -- 113.14 per cent higher than the Rs 5,810.10 crore premium collected the same month a year ago. The achievement can be attributed to LIC's implementation of innovative marketing strategies and its strong reputation for reliability and customer-centric services, the insurer said in a statement. These factors effectively reached a wider audience, resulting in increased policy uptake and premium collections, contributing significantly to LIC's success in posting its highest premium in 12 years, it said. Under the individual premium category, LIC collected a total premium of Rs 3,175.47 crore in April 2024 -- an increase of 25.17 per cent from Rs 2,537.02 crore in the same month a

LIC's premium collection in April at Rs 12,384 crore, highest since 2014
Updated On : 10 May 2024 | 9:37 PM IST

LIC cautions public against misleading social media ads using brand name

Life Insurance Corporation (LIC) on Wednesday cautioned the public against certain individuals/entities engaging in fraudulent advertising practices on social media platforms by misusing the image of senior officials and the brand name and logo of the company. In a post on X (formerly Twitter), LIC asked its policyholders and the public to exercise caution and verify the authenticity of any such advertisements. "It has come to our attention that certain individuals and/or entities are engaging in fraudulent advertising practices on various social media platforms by misusing the image of our senior official/s or ex-officials, our brand logo, and our brand name without our consent in an unauthorised manner. We wish to alert the public in regard to such deceptive activities," LIC said in a public caution notice. It asked the public to report URL links of such fraudulent advertisements on LIC's official social media accounts. "We will pursue appropriate legal action and those found ...

LIC cautions public against misleading social media ads using brand name
Updated On : 24 Apr 2024 | 9:55 PM IST